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(Bloomberg) -- Brazil’s state-controlled oil explorer is considering opening a Middle East unit as Latin America’s biggest crude producer prepares to join OPEC+’s cooperation charter. Petrobras will begin formal analysis later this month on establishing a subsidiary intended to strengthen commercial ties in the Persian Gulf region, Chief Executive Officer Jean Paul Prates wrote in... Continue Reading →
(OW) Danish wind turbine maker Vestas has received a type certificate for its V236-15.0 MW offshore wind turbine. The prototype was installed at the Østerild National test centre for large wind turbines in Western Jutland, Denmark in December 2022. Three months later, the wind turbine reached its nominal power rating of 15 MW. In August, the unit... Continue Reading →
The MOU was signed this Saturday morning that will allow joint investments by the National Bank for Economic and Social Development (BNDES) and the World Bank in the low-carbon hydrogen value chain. According to the document, the focus will be on carbon capture projects; electrolysers and associated equipment; shared logistics and infrastructure in hubs focused... Continue Reading →
(OET) Marine geophysical services player PXGEO has won a new contract with Brazil’s state-owned oil and gas giant Petrobras for a 4D ocean bottom node (OBN) survey offshore Brazil. This survey is to be acquired in water depths up to 2,200 m with a duration of approximately 7 months. According to PXGEO, the 4D OBN survey... Continue Reading →
BrasFELS Shipyard (BrasFELS), a member of the Singapore-headquartered Seatrium Limited, former Sembcorp Marine Ltd before the merger with Keppel Offshore & Marine Limited, has won a contract with Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a floating production, storage, and offloading (FPSO) for an Equinor-operated... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed, this Sunday (03/12/2023), at COP-28, in Dubai, a protocol of intentions with the Government of the State of Rio de Janeiro for the joint evaluation of the implementation of pilot projects for a CO2 capture and storage hub (the so-called CCUS) in the State of Rio... Continue Reading →
(OE) DNV secured partners to launch a new project to enhance technology development and prepare for scale/industrialization of concrete substructures for floating offshore wind. The new Joint Industry Project (JIP) called Concrete FLOW will optimize requirements for concrete floaters (floating or semisubmersible structures, generally moored to the seabed, used as foundations upon which equipment can be mounted),... Continue Reading →
(OE) Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment. The transaction enables Fincantieri to acquire highly specialized capabilities in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has approved a Clawback Policy, in compliance with the regulation of the Securities and Exchange Commission and the rule issued under the Manual for Companies Listed on the New York Stock Exchange ("NYSE Clawback Rules"), also applicable to Brazilian issuers that have sponsored American Depositary Receipt (ADR)... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for October 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.502 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.543 million barrels per day (MMbbl/d) were extracted, a reduction of 3.5% compared to the previous month... Continue Reading →
Brazil Energy Insight 