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Petróleo Brasileiro S.A. – Petrobras informs that Moody's rating agency has raised the outlook on Petrobras' ratings from stable to positive and reaffirmed the credit rating at “Ba1”, reflecting the company's solid credit metrics, positive track record of operational and financial improvement and the agency's expectation of the Company's operational and financial discipline. Petrobras’ improved... Continue Reading →
(offshore-energy.biz) Offshore drilling player Hanwha Drilling, part of South Korea’s Hanwha Ocean, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work off the coast of Brazil for the South American country’s energy giant Petrobras. Hanwha Drilling, with its partner, Constellation Oil Services, a Brazilian drilling contractor, has won its first contract for... Continue Reading →
(TN) Posidonia, one of Brazil’s leading maritime shipping and transportation companies, recently celebrated a significant milestone by signing four major contracts with Petrobras. These agreements, which cover the operation of PSV (Platform Supply Vessel) and AHTS (Anchor Handling Tug Supply) vessels in Rio de Janeiro, represent an important milestone for the company. Currently, three of... Continue Reading →
(PN) The Brazilian Institute of the Environment (Ibama) has granted the operating license for FPSO Maria Quitéria, which is already installed in the Jubarte field, in the Espírito Santo portion of the Campos Basin. The platform was only supposed to start operating in 2025, but Petrobras brought forward the first oil from the unit, which... Continue Reading →
(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for August 2024, which brings consolidated data on national production. Total Brazil production (oil + natural gas) was 4.345 million barrels of oil equivalent per day (boe/d). With regard to oil, 3.340 million barrels per day (bbl/d) were extracted, an increase of 3.4%... Continue Reading →
The 440km repeaterless trunk-and-branch system will link 12 oil and gas production platforms with two cable landing stations in Brazil’s Anchieta, Espirito Santo and Barra do Furado, Rio de Janeiro. Pioneer Consulting, the full-service submarine fiber optic telecommunications consulting and project management company, has been contracted by Blue Marine, leader of the Blue Marine Consortium,... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved the company's operations in South Africa, enabling the acquisition of a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies. The DWOB block is located in deep waters in the Orange Basin, where there... Continue Reading →
(offshore-energy.biz) France’s tubular solutions provider Vallourec has signed what is described to be a “significant” contract with Brazil’s state-owned energy giant Petrobras for the supply of oil country tubular goods (OCTG) and accessories for the development of Sepia 2 and Atapu 2 projects in the Santos Basin offshore Brazil. According to Vallolurec, the deal includes the delivery... Continue Reading →
(Reuters) Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, the company's chief said on Thursday. The well, located off the Brazilian coast northeast of Rio de Janeiro, could start producing as early as next year and would... Continue Reading →
(Reuters) - The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa. Petrobras has been publicly showing interest in expanding its oil fields in Africa as it seeks to... Continue Reading →
Brazil Energy Insight 