Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras. In December 2023, Enauta entered into $48.5 million agreement with MODEC to buy the FPSO Cidade... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 4.750% Global Notes due 2025 (the “Notes”). The redemption date for the Notes will be July 29, 2024 (“Redemption Date”). The redemption price for the Notes... Continue Reading →
Petrobras, following up on the releases disclosed on December 29, 2023 and February 5, 2024, informs that the contract for Industrialization to Order (Tolling) signed with Unigel Group, signed on December, 29,2023, did not have its conditions of effectiveness met within the established period (June, 27, 2024) and, therefore, had its validity ended even before... Continue Reading →
(Offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has gotten down to business in Brazil, where its newbuild ultra-deepwater drillship set the ball rolling on its inaugural drilling assignment with the country’s state-owned energy giant Petrobras. Following a purchase agreement at the end of 2022 for the acquisition of the Deepwater Aquila (ex-West Aquila) drillship for $200 million from Hanwha Ocean,... Continue Reading →
(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... Continue Reading →
(Zack's) Petrobras PBR, a Brazilian oil and gas company, in partnership with Colombia-based integrated oil and gas company Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast. This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security.... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two long-term contracts with Petrobras for its Pipelay Support Vessel (PLSV) and the Anchor Handling Support vessel (AHTS). The Brazilian built and flagged PLSV Skandi Niterói is awarded a three-year firm plus option contract, starting in 2025. The vessel is owned by DOFCON Navegação, a joint... Continue Reading →
Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau's long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market in the State, making the company's plant... Continue Reading →
(Reuters) - The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday. Itagyba Neto, who handles the agency's licensing for marine and coastal ventures, added that Petrobras has still not sent to the agency important details... Continue Reading →
This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil platforms and support vessels of the energy... Continue Reading →
Brazil Energy Insight 