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Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board, at a meeting held today, approved the sale 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 was interrupted in March 2020... Continue Reading →
Petrobras received the environmental license from Ibama for drilling two exploratory wells in the BM-POT-17 maritime block, in deep waters of the Potiguar Basin, on the Brazilian Equatorial Margin. The first well will be drilled 52 km off the coast. Drilling is expected to begin in the coming weeks, after the rig arrives at the... Continue Reading →
(Reuters) - A Brazilian court overturned a previous ruling from a lower tribunal that had suspended state-run oil firm Petrobras (PETR4.SA), opens new tab chairman Pietro Sampaio Mendes from his role, the company confirmed late on Tuesday. Reuters had reported the court decision earlier on Tuesday. Mendes had been suspended by a Sao Paulo judge last week... Continue Reading →
Petrobras, in consortium with the companies CNOOC, CNODC and PPSA, reached a new milestone: the Buzios field reached 1 billion barrels of oil (bbl) produced. The feat was achieved on March 31st, and adds up to the production of the five units in operation in the largest field in the world in ultra-deep waters, the... Continue Reading →
(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →
(Reuters) A Brazilian judge has suspended the chair of state oil firm Petrobras, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, a court decision seen by Reuters on Thursday showed. The ruling by Sao Paulo Judge Paulo Cezar Neves Junior also ordered wage and salary payments to... Continue Reading →
(Bloomberg) -- Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter. A dispute over the job erupted inside President Luiz Inacio Lula da Silva’s administration last week,... Continue Reading →
(TN) EIG, a leading American global fund in the energy and infrastructure sectors, and Lake Capital Investimentos, the resource management division of Lakeshore Partners, focused on the energy and infrastructure sectors, announced to the market that they have completed the acquisition of Ocyan Partipações S.A. ( "Ocyan" or "Company"), a Brazilian provider of solutions for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, of Concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is located on the coast between Ceará and Rio Grande do Norte, about 190 km from Fortaleza and 250 km from Natal, at... Continue Reading →
(Bloomberg) A battle in the National Congress to extend contracts for coal-fired thermal plants is blocking the arrival of the long-awaited offshore wind industry in Latin America's largest economy. A bill to regulate the sector is currently stalled in the Federal Senate, after a group of deputies presented a series of amendments, including one to... Continue Reading →
Brazil Energy Insight 