Petrobras starts reactivation process for fertilizer plant in Araucária (Paraná state)
Petróleo Brasileiro S.A. – Petrobras following up on the release disclosed on 06/06/2024, informs that it will invest R$870 million to restart operating activities at the Araucária Nitrogenados S.A (ANSA) fertilizer plant, a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020 and had its reopening... Continue Reading →
Petrobras Puts Two Techdof’s PLSVs Back to Work
(OE) Petrobras has awarded contracts to Techdof, a joint venture between DOF Subsea and TechnipFMC, for two of its pipelay support vessel (PLSVs). Petrobras extended the existing contract for PLSV Skandi Açu to mid-2026. This extension will be followed by the new three-year contract ending mid-2029, DOF informed. Skandi Açu is designed to achieve a... Continue Reading →
Petrobras Rumored to be Considering Additional FPSO for Its Buzios Field
(Reuters) State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters. Each Buzios platform has an average cost of $3.5 billion, said a source, adding that the one under study would be a FPSO (floating production storage... Continue Reading →
Brazil Environmental Workers Agree to Stop Strike Affecting Oil Permits
(Reuters) A union representing Brazil's federal environment workers said it had signed an agreement with the government to end a strike affecting oil and gas licenses in Latin America's largest economy, according to a press release on Monday. The union Ascema, which represents workers from federal environmental agencies Ibama and ICMBio, as well as from... Continue Reading →
SBM Offshore completes topside modules stage on FPSO ALEXANDRE de GUSMÃO
(PN) SBM Offshore has completed a new stage in the construction of FPSO Alexandre de Gusmão, which will be installed in the Mero field, in the pre-salt layer of the Santos Basin. The Dutch company announced this week that the lifting campaign for the vessel's topside modules was successfully completed. Integration and commissioning activities continue... Continue Reading →
Ibama grants license foe 4D seismic survey in the Buzios Field
(PN) Earlier this month, the Brazilian Institute of the Environment (Ibama) issued a license authorizing Petrobras to begin a 4D seismic survey with nodes in the Buzios field, in the pre-salt layer of the Santos Basin. The survey may be conducted using one of the seismic source vessels: Artemis Arctic or Artemis Odyssey. In addition,... Continue Reading →
Brazil oil producer Petrobras open to extra dividends this year
(Reuters) - Brazilian state-run oil company Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo told investors during an earnings call on Friday. Any decision on an extraordinary payout would depend on cash conditions and future cash-generation capacity, said Melgarejo, adding that "an extraordinary dividend payment is... Continue Reading →
Brazil’s Petrobras does not see repurchase of refinery from Mubadala as a priority
(Reuters) - Petrobras (PETR4.SA), opens new tab does not see the repurchase of the Mataripe refinery owned by Abu Dhabi sovereign fund Mubadala (MUDEV.UL) in Brazil as a priority, the state-run firm's Chief Executive Magda Chambriard said on Friday. The repurchase of the refinery, also known as RLAM, located in Brazil's northeastern state of Bahia was seen... Continue Reading →
Petrobras revises CAPEX projection for 2024
Petrobras, pursuant to CVM Resolution No. 44/21, informs that its total CAPEX projection for 2024 has been revised to a range of investments between US$ 13.5 billion and US$ 14.5 billion, considering mainly a new CAPEX for the E&P segment of US$ 11.1 billion to US$ 12.1 billion for this year. This level of investment... Continue Reading →
Brazil Energy Insight 