Porto do Açu and Perenco Brasil sign agreement for first offshore electrification project in the Campos Basin

Sept. 23 (TN) Porto do Açu and operator Perenco Brasil signed a Letter of Intent (LOI) for the development of the first offshore platform electrification project in the Campos Basin. The agreement entails supplying power from shore to Perenco’s units at the Pargo and Cherne Hubs—located in shallow waters—via an 80-kilometer subsea cable connected to... Continue Reading →

Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance

July 7 (Reuters) - Brazilian ​state-run oil firm Petrobras (PETR3.SA), opens new tab ‌signed an agreement with regulator ANP committing to bring 335 temporarily ​abandoned offshore wells into compliance with ​safety and environmental rules, ⁠both parties said in ​separate statements on Tuesday. Under ​the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ​ANP, and... Continue Reading →

PRIO May 2026 Operational Data

June 3, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of May. Key: (1) Production at the Valente cluster was impacted by the need for replacement of a gas lift line at Frade, leading to a temporary... Continue Reading →

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