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(Reuters) President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity. The offshore region along the northern coast is seen as Brazil's most promising frontier for oil exploration as it... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple contracts with Petrobras, whose combined value is approximately $240 million (NOK 2.6 billion). The contracts are scheduled to start in the second half of 2024 and first half of 2025. Petrobras has contracted the construction support vessel (CSV) Normand Poseidon and two anchor handling tug... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following the Material Fact of 05/13/2024, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the balance sheet as of March 31,... Continue Reading →
Brazilian state-owned energy company Petrobras and seismic acquisition company Shearwater Geoservices have signed a memorandum of understanding (MoU) for joint development and execution of scientific research and technology innovation within seismic processing and acquisition focused on data quality, value and efficiency. The five-year agreement comes in addition to previously announced cooperations between the two companies... Continue Reading →
Oceaneering announced this morning (10) that it had signed two new and important contracts with Petrobras, which provide for the supply of up to 362 kilometers of steel tube umbilicals and thermoplastic electro-hydraulic umbilicals. The agreements also include the supply of associated subsea distribution hardware for use in offshore projects in Brazil. Manufacturing of the... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that it has published its 2023 Sustainability Report today. The document reports on progress in the company's sustainability commitments and consolidates indicators related to environmental, social and governance (ESG) issues. This year, an ESG Panel was also published, which brings together quantitative data, including the performance of indicators following... Continue Reading →
(OE) U.S. oilfield services giant Baker Hughes has secured a contract from Brazil state-owned oil and gas major Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil. The multi-year project, set to start in the first half of 2025, will be managed with Baker Hughes’ integrated solutions portfolio... Continue Reading →
To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will reduce vessel costs, enable production through long... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the release disclosed on April 17, 2024, informs that its Executive Board approved today the resumption of operating activities of fertilizer plant Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020. All procedures... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a contract to supply Petrobras with carbon steel tubes and accessories to be used in various offshore development wells, mainly off the Brazilian coastline. Vallourec will supply 1,800 tonnes of carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), together with the associated corrosion resistant alloy... Continue Reading →
Brazil Energy Insight 