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Norwegian oil and gas company Equinor has submitted declarations of commerciality and plans of development for two fields in the BM-C-33 concession in the Campos Basin, offshore Brazil Equinor is the operator of the BM-C-33 offshore concession with a 35% stake, with its partners being Repsol Sinopec Brasil (35%) and Petrobras (30%). The concession is... Continue Reading →
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil. Under the scope of the contract, of an undisclosed value, McDermott will transport and install about 19 miles (30 kilometers) of coated 10-inch rigid pipelines and associated subsea structures. Once... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year while its carbon capture utilisation and storage (CCUS) efforts paid off, enabling it to get ranked as the largest in... Continue Reading →
Guyana's economy will boom again this year as it grows by an expected 38% thanks to "unparalleled" oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday. The latest 2023 estimate follows real gross domestic product (GDP) expansion of 62% in the South American country last year, which was... Continue Reading →
(TN) The pre-salt completes 15 years of production in September with renewed vigor – and a perspective of expressive growth in the coming years. To get an idea, Petrobras plans to install 11 new platforms to produce in that layer by 2027. Since December 2022, the company has already put into production two new pre-salt... Continue Reading →
(PN) Brazil breaks a new record in total production (oil + natural gas), as well as in oil and natural gas considered separately and also in pre-salt production. The announcement was made today by the National Oil and Gas Agency (ANP) through its July 2023 Monthly Oil and Natural Gas Production Bulletin. A total of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has today concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim Cluster, in deep... Continue Reading →
Regarding the new FPSO-type platform project for the Barracuda and Caratinga fields, Petrobras clarifies that the unit is one of six already planned within the Campos Basin Renewal Program. The first two FPSOs – Anita Garibaldi and Anna Nery – started oil production in 2023. Within Petrobras' governance, in stages of project maturity evolution, it... Continue Reading →
(NA) Japanese chemicals company Kureha will partner with Brazilian state energy group Petrobras to develop a new way to capture carbon dioxide from offshore oil fields. Kureha will start developing a new catalyst to be used in a carbon capturing device this fiscal year at its research facility in northeastern Japan, in a joint effort... Continue Reading →
(OE) Japan's MODEC said its FPSO Anita Garibaldi MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil. The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian energy company—one of MODEC's longest charters to date. The FPSO is the 16th FPSO/FSO vessel that MODEC has... Continue Reading →
Brazil Energy Insight 