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Petrobras' board is working on the possibility of bringing forward the start of production on the P-71 platform to this year. The information was revealed by the company's production development director, João Henrique Rittershaussen, during a conference call with investors. As a reminder, the P-71 will be installed in the Itapu field and is part... Continue Reading →
(CPG) Rio Grande do Sul is the Brazilian state with the highest number of projects registered for the construction of parks for the production of offshore wind energy. According to information released by GZH Economia, Rio Grande do Sul currently stands out as the Brazilian state with the highest concentration of companies interested in installing... Continue Reading →
(PN) Petrobras' long-awaited exploratory program in Foz do Amazonas, on the Brazilian Equatorial Margin, should finally get off the ground in the coming months. According to the company's director of exploration and production, Fernando Borges, the first drilling in the area should take place in November, in a water depth of 2,800 meters. “The licensing... Continue Reading →
(Valor) Until the month of April, the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) received requests for environmental licensing for 54 projects for offshore wind power generation, with a total capacity of 133.3 gigawatts (GW) of power. The total energy to be generated in the projects corresponds to almost 70% of the... Continue Reading →
The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition, by BW Energy Maromba do Brasil, of the entire interest in the Golfinho and Canapu fields, 65% of interest in block BM-ES-23 and 100 % interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim), all currently held by Petrobras. The... Continue Reading →
Dril-Quip achieved revenue of $94 million in second-quarter 2022, up $10.8 million from the first quarter, and driven by improved subsea equipment and downhole products and services results. President and CEO Jeff Bird said the figures reflect the improving offshore drilling market and a focus on controlling costs while improving margins Downhole Tools experienced broad growth across all geographies,... Continue Reading →
(Reuters) - A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador at accounts in the country as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid, a document seen by Reuters show. Ecuador's government pledged in June 2021 to honor the debt,... Continue Reading →
Seabras JV, an associated company in which Paratus Energy Services indirectly holds a 50% equity interest, has secured a contract extension with Petrobras for the pipelay support vessel (PLSV) Sapura Esmeralda. Under the two-year contract extension, Sapura Esmeralda will work for the Brazilian oil and gas giant from 2 August 2022 to 1 August 2024.... Continue Reading →
(Reuters) - Petrobras' Brazil-listed shares jumped more than 6% on Friday, approaching a 12-year high, after the state-run oil company smashed quarterly profit estimates and announced a record dividend payment. The company announced on Thursday afternoon an 87.8 billion-real ($17 billion) dividend payout, the largest ever, sending the firm's shares up some 3.3% in intraday... Continue Reading →
(Reuters) - Petroleos Mexicanos (Pemex) is ready to invest billions of dollars in a disputed major Gulf of Mexico oil field once its U.S. partner Talos Energy accepts Pemex will run the project, the chief executive of the Mexican state oil company said. The 850-million-barrel Zama field has become a bone of contention under President... Continue Reading →
Brazil Energy Insight 