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Petróleo Brasileiro S.A. – Petrobras, following up on the communication of November 11, 2024, informs that the second module of the Natural Gas Processing Unit (UPGN) of the Boaventura Energy Complex, located in Itaboraí (RJ), went into commercial operation. Added to the first module, inaugurated last year, the unit's total processing capacity reaches 21 million... Continue Reading →
(OE) Subsea7 has secured a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 11 deepwater field, offshore Brazil. The field is located approximately 180 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,000 meters water depth in the pre-salt Santos basin. The contract... Continue Reading →
(OE) French tubular solutions supplier Vallourec has secured a contract with Allseas to supply line pipes for Búzios 10 offshore project located at the Búzios field, operated by Petrobras. The contract represents nearly 18,000 tons of subsea seamless premium carbon steel line pipes, for the risers and flowlines. It also includes an optional scope of... Continue Reading →
(offshore-energy.biz) UK provider of remotely deployed subsea inspections, TSC Subsea, has secured a multi-year contract in Brazil for subsea phased array (SPA) inspection of circumferential welds on rigid subsea pipelines, covering both flowline and riser sections at depths of up to 3,000 meters. According to TSC Subsea, the contract, which will run from 2025 to... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →
(OE) Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million. The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. The duration of the project is expected to... Continue Reading →
Petrobras has extended the long-term contract for Skandi Buzios pipelay support vessel (PLSV), owned and operated by joint venture between DOF and TechnipFMC. The existing contract has been extended from April 2025 to September 2026. The PLSV Skandi Buzios went back on-hire to Petrobras on August 1, 2024. The 146-meter-long Skandi Buzios, built in 2016,... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras is in talks with U.S. liquefied natural gas (LNG) suppliers for a long-term import deal, a Petrobras executive said. Brazil is Latin America's largest oil producer, but consumes more gas than it produces and relies on imports to fill the gap. Petrobras buys pipeline gas from neighbor Bolivia and... Continue Reading →
(Reuters) Brazilian state-run oil company Petrobras and its Colombian counterpart Ecopetrol could have the licenses needed for moving forward a joint offshore gas project in Colombia by mid-2026, said Orlando Velandia, head of Colombia's hydrocarbons regulator. Some 6 trillion cubic feet (TCF) of natural gas reserves have been confirmed, making the project commercial. The partners... Continue Reading →
(oilprice.com) Argentina’s controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging. Inflation has plummeted... Continue Reading →
