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Petrobras has produced first gas through the P-68 platform serving the Berbigão and Sururu fields in the Santos Basin offshore Brazil, the company said in its latest results statement. It also conducted a scheduled shutdown of the Mexilhão Platform (Route 1) in the same basin for preventive maintenance, designed to ensure continued production, flow and natural gas supply operations. In... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million. Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil, after a competitive tender process. The vessel Skandi Amazonas, which was on the spot market,... Continue Reading →
Petróleo Brasileiro S.A.- Petrobras informs that it was released today the new edition of its Climate Change Supplement. The document details information regarding Petrobras' emissions performance in 2023, in addition to progress in indicators of commitments related to climate change, including the company's progressive emissions reduction trajectory. One of the highlights is the 41% reduction... Continue Reading →
In 1Q24, average production of oil, NGL and natural gas reached 2,776 MMboed, increase of 3.7% when comparing with the same period last year (1Q23). Among the main factors behind this variation, we can highlight the ramp-up of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and Sepetiba, as well as the start-up of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a memorandum of understanding with the Government of the State of Rio Grande do Norte (RN), which provides for studies on the feasibility of implementing an offshore wind pilot project in the state. The value of the investment and the generation capacity will be assessed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 17/04/2024, informs that it has signed today contracts for the assignment of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás do Brasil Ltda (Perenco). Production from the two fields... Continue Reading →
(Offshore-energy.biz) Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of contract awards last year, taking its backlog... Continue Reading →
Petróleo Brasileiro S.A.- Petrobras, in continuity with the Material Fact disclosed on March 7, 2024, informs that the Annual General Meeting (AGM), in a meeting still in progress, approved the remuneration to shareholders for the 2023 Fiscal Year, in the total amount of R$ 94,354,315,809.82. This amount includes the prepayments approved throughout 2023 and paid... Continue Reading →
(OM) Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group subsidiary RigLogix. Day rates for jackups, semisubmersibles and drillships averaged $118,000, $368,000 and $419,000, respectively, 54% up on the figures for 2021. However, the inflationary prices, caused by a combination of higher global rig demand, rising rig use... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that on Thursday (18 April) it signed a Memorandum of Understanding (MoU) with the Argentina state energy company Enarsa to study partnerships in the natural gas segment. The non-binding agreement has a term of three years and will allow for the exchange of information; the assessment of alternatives for... Continue Reading →
Brazil Energy Insight 