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(OE) The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems. The announcement builds on a memorandum of understanding (MoU) between DOE, the Denmark Ministry of Higher Education and Science, the Denmark... Continue Reading →
(OE) U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcement made on 27/12/2023, informs that it has concluded the acquisition of stakes in the 3 exploratory blocks 10, 11 and 13, in São Tomé and Príncipe, Africa, and has signed amendments to the production sharing contracts and Joint Operating Agreements and became part of the consortia... Continue Reading →
In 2023, we delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and natural gas, of 2.782 MMboed, was 3.7% above the production of 2022. Our good results were made possible mainly by the start-up of FPSOs Almirante Barroso, Anna Nery and Anita Garibaldi, as well... Continue Reading →
(Reuters) - Brazil's state-run Petrobras (PETR4.SA), opens new tab is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday. The company is also keen to work with neighbouring Venezuela, Jean Paul Prates told Reuters on... Continue Reading →
(Reuters) - Brazil's federal audit court (TCU) on Monday said it has found irregularities in a contract between state-run oil company Petrobras (PETR4.SA), opens new tab and chemical company Unigel, according to a preliminary review scrutinizing a deal to boost domestic fertilizer output. Petrobras agreed recently to supply natural gas for Unigel to produce nitrogen fertilizers at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on April 26, 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production in the Jubarte Field,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcements of 06/06/2023, 23/06/2023 and 29/12/2023, clarifies that the contract with Unigel Participações S.A. (Unigel), signed on 29/12/2023, stems from the understandings initiated on 06/06/2023 (nondisclosure agreement), and is in line with the Company's Strategic Plan 2024-2028 regarding the return to the production and sale of... Continue Reading →
In relation to the article published in the press this Tuesday (30/01) about Ibama predicting maximum environmental impact in oil exploration in Foz do Amazonas, Petrobras clarifies: Degree of impact: Firstly, we would like to clarify that Decree 6,848/09 establishes the guidelines for calculating the degree of impact of the activity, for the purpose of... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed... Continue Reading →
Brazil Energy Insight 