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Norwegian vessel owner Solstad Offshore has been awarded contracts for its vessels by Total and Equinor for operations in Brazil. Solstad said on Wednesday it had entered into a contract with Total E&P do Brasil for charter of a platform supply vessel for 13 months firm. Total has the option to extend the charter with... Continue Reading →
Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period. The results show the financial and operational strength of the company that faced a challenging environment in the second... Continue Reading →
Brazilian federal prosecutors filed a court injunction on Monday seeking to bar the appointment of right-wing President Jair Bolsonaro’s son Eduardo as ambassador to the United States due to his lack of experience as a diplomat. The public prosecutor’s office asked a Brasilia court to rule on the need for non-diplomats to have relevant international... Continue Reading →
Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America’s largest economy may have slipped into recession. The central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), fell 0.13% in the second quarter, after a 0.68% drop in... Continue Reading →
Global Offshore Brazil Summit invites you to be a part of one of the industry’s most respected technical programs; submit your abstract today! 3-4 March, 2020 Grand Hyatt Rio Abstract Details here Exhibition Information Sponsorship Opportunities The Global Offshore Brazil Summit: Engages key members of the Deepwater oil and gas community by providing a stage for... Continue Reading →
The executive director of Brazilian oil and gas company PetroRio has resigned from his positions within the firm. PetroRio said on Thursday that Blener Braga Cardoso Mayhew resigned several positions within the company due to personal reasons. At a meeting held on August 8, PetroRio’s board of directors accepted his resignation, and left his duties... Continue Reading →
Aug 9, 2019 The opening of the natural gas market in Brazil, announced in July, makes giants like Siemens move to gain space in the energy sector. In an innovation event the German multinational announced that it is analyzing 26 thermoelectric projects in Brazil, such as the Port of Açu in Rio de Janeiro, and... Continue Reading →
JULY 2019 Operational Data Rio de Janeiro, August 9, 2019 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of July. 1 - Accounts for the daily average of the 6-day period in which PetroRio operated the... Continue Reading →
August 9, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has achieved, for the fourth time in a row, top grade in all dimensions in the 4th Cycle of the Governance Indicator Certification (“IG-SEST”), prepared by the Secretariat of Coordination and Governance of StateOwned Enterprises - SEST, of the Ministry of Economy. The company... Continue Reading →
Oil market is going from gloomy to gloomier, according to a Friday report by the Norwegian energy intelligence firm, Rystad Energy. “Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our short- bullish view for the first part of 2020 linked to the new IMO... Continue Reading →
Brazil Energy Insight 