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Despite the rise of electricity generation from renewables, oil and gas will still account for a significant 40% of world energy demand in 2050. The Outlook expects natural gas to overtake oil to become the world’s largest source of energy in 2026. In a ‘golden age’ for gas, it will retain this position through to... Continue Reading →
Norwegian Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area. Aker Solutions informed on Friday that the subsea production system will consist of 12 vertical subsea trees... Continue Reading →
Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands. The news was shared on Thursday by Argos Resources, which had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30 percent following the announcement Read... Continue Reading →
RIO DE JANEIRO--(BUSINESS WIRE)--Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data. Read more
Published: 10/03/2018 FOTO ANDRÉ RIBEIRO / AGÊNCIA PETROBRAS Well is among those with the highest production in ultra-deep waters Petrobras, operator of the Libra Consortium, concluded the long-term test (TLD) at the Mero field, located in the Libra block, in the Santos Basin pre-salt. Started in November 2017, production was carried out by FPSO... Continue Reading →
Rio de Janeiro, October 1, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 363/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 363/2018/CVM/SEP/GEA-1 “Mr. Director, 1. We refer to the news published on this date, in the newspaper “Valor Econômico”, Companies section, under the title: "Petrobras estimates that... Continue Reading →
October 3, 2018 IBAMA has issued an operating permit authorizing the start of production of the FPSO P-69, in the Extreme South module of the Lula field, in the pre-salt of the Santos Basin. The permit establishes 35 conditions for the operation, such as the monitoring of cetaceans (aquatic mammals such as whales and dolphins),... Continue Reading →
Brazilian markets surged on Tuesday as stronger polling for far-right presidential candidate Jair Bolsonaro and a Congressional farm caucus endorsement boosted expectations that he may block the leftist Workers Party from returning to power. Read more
General Electric Co’s (GE.N) unit Baker Hughes (BHGE.N) is preparing an offer for a production-sharing deal with Brazil’s Petrobras (PETR4.SA), a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields. Reuters reported in June that Baker Hughes was considering a bid, while Halliburton Co... Continue Reading →
10/2/18 This increase will be due to the authorization of CNPE to include all onshore areas in the system The number of blocks in the permanent supply system may double. This increase will be due to the CNPE having authorized, at the meeting of September 11, the inclusion of all areas of land basins... Continue Reading →
Brazil Energy Insight 