Brazil oil production to increase 70% by end of the decade, says minister

(U) The Brazilian government forecasts the country’s oil production will grow 70% by the end of the decade, propelled by multibillion-dollar investments from state-controlled company Petrobras and other operators. Brazil is recovering faster when compared to the world’s largest economies, Mines and Energy Minister Adolfo Sachsida said Monday during the opening ceremony of the Rio... Continue Reading →

Brazil’s demand for FPSOs is on the rise

(U) Brazil has for decades been the king of the floating production, storage and offloading vessel market, and it should easily retain the crown for years to come as oil companies operating in the South American nation continue to opt for FPSOs to develop their hydrocarbon resources. Petrobras already has dozens of FPSOs spread across... Continue Reading →

Brazil set for drilling boom

(U) After years of uncertainty and stagnation, the offshore drilling market is making a comeback in 2022, with demand for rigs rebounding around the world. Brazil, one leg of the “golden triangle” of offshore oil and gas — the other two being the Gulf of Mexico and West Africa — is expected to lead rig... Continue Reading →

Petrobras on Route 3 Integrated Project

- Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/11/22, informs that it has terminated the contract with SPE Kerui-Método, responsible for the works of the Natural Gas Processing Units (UPGN) of the Itaboraí Gaslub Cluster. As a result of this fact, and in order to minimize impacts on the entry... Continue Reading →

Lhyfe Launches World First Offshore Hydrogen Pilot

France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator. The pilot was launched yesterday (Septmeber 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot, as part its drive towards large-scale carbon reduction. It involves Lhyfe's new Sealhyfe 400 kg/day (1MW equivalent) green hydrogen producing electrolyser... Continue Reading →

Blog at WordPress.com.

Up ↑