(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
Petrobras signs 26 concession contracts in the Pelotas Basin
Petróleo Brasileiro S.A. – Petrobras, following up on Communication of December 13, 2023, informs that it signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The consortium will have... Continue Reading →
Petrobras to use Paradigm’s technology for deluge system testing
(offshore-mag.com) Petrobras has signed an agreement to implement Dry-Flo technology in Brazil for the dry testing of deluge systems in its Búzios field FPSO units. This technology, developed by the Paradigm Group, has already seen global adoption across various players in the onshore and offshore markets. The contract was facilitated with support from Mi Fire, Paradigm’s local partner in... Continue Reading →
Petrobras will invest BRL 500 million in five supercomputers
Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world's foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500 million. One of the machines, capable of processing the equivalent of roughly 10 million mobile... Continue Reading →
Platform ship Sepetiba reaches top pre-salt production
The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last Tuesday (08/27). This milestone was reached within the estimated time frame of eight months due to the promptness of the unit’s oil treatment and gas compression... Continue Reading →
Petrobras Will Seek to Reduce Gas Reinjection When Possible
(Reuters) Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday. The government published a decree on Monday authorizing the oil regulator ANP to order oil companies to reduce the reinjection to increase the supply of gas and... Continue Reading →
Helix bags $786 million for multi-year well intervention ops with two vessels offshore Brazil
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →
Petrobras/Federal Government Join as Sponsors of South America Offshore Wind 2024
South America Offshore Wind 2024 announce the support and participation of Petrobras/Federal Government as 'Lead Developer Sponsors' at South America Offshore Wind 2024! Petrobras' commitment is the energy that makes them go further. Petrobras is a publicly traded corporation operating in an integrated and specialized manner in the oil, natural gas, and energy industry. They... Continue Reading →
TGS and Petrobras Enter Tech and Research Partnership
(OE) Norwegian seismic company TGS announced it has entered into a partnership with Brazilian state-owned energy company Petrobras to collaborate on scientific research and technological development activities in Brazil. Under the memorandum of understanding (MOU), the partners will seek to drive innovation in the energy sector through collaborative efforts to develop new technologies and conduct... Continue Reading →
China CNPC’s global oil, gas investment
(Reuters) - China National Petroleum Corp (CNPC), Asia's largest oil and gas producer, has over the past three decades built a global portfolio with assets in 33 countries. The company's overseas production exceeded 100 million metric tons, or 2 million barrels per day of oil equivalent, for the first time in 2019 and has since... Continue Reading →