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New Jersey-headquartered Pioneer Consulting has been appointed to assist with the deployment of Petrobras’ Malha Óptica system in Brazil which will comprise a 1,200-kilometer oil and gas fiber network. Under the contract signed with the Zemax-Planova Consortium, Pioneer Consulting will provide support for route engineering, quality and documentation, contractor and supplier management, and survey and... Continue Reading →
(Reuters) Wholesale gas prices have scaled "insane" levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the chief executive of German oil firm Wintershall Dea said on Tuesday. The benchmark European gas contract TRNLTTFMc1 has risen by more than 300% in a year and on... Continue Reading →
As part of the project to revitalize the Marlim and Voador fields, in the Campos Basin, Petrobras intends to reduce carbon emissions associated with the production of the areas by 60%. As a reminder, the revitalization of the Marlim cluster provides for the replacement of nine proprietary platforms by two new FPSOs equipped with technologies... Continue Reading →
(Reuters) - Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast. Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on. Offshore... Continue Reading →
Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of Francesco Caio. The board of directors of Saipem, chaired by Silvia Merlo, on Wednesday acknowledged the resignation of the non-executive and non-independent board member Pier Francesco Ragni communicated on 19 August 2022. Ragni resigned “due to new upcoming professional commitments,” Saipem said. Pier Francesco... Continue Reading →
(OE) Danish renewable energy giant Ørsted said Wednesday that Hornsea 2, the world’s largest installed offshore wind farm, is now fully operational off the UK coast. The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast. I can power over 1.4 million UK households. The wind farm is located alongside... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2022, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved the transaction for the sale of the Isaac Sabbá Refinery (REMAN) to Ream Participações S.A., through the execution of an Agreement in Concentration Control... Continue Reading →
(TN) Pre-Sal Petróleo (PPSA) is selling the first oil cargo from the Sepia production sharing contract. The company sent an invitation letter to the market for ten companies that already registered for operations in the pre-salt layer, offering, through direct sales, a load of 500 thousand barrels for loading in the last quarter of the... Continue Reading →
(Reuters) - Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras' (PETR4.SA) REMAN refinery to Ream, which is part of the Atem group, but decided the buyer will have to take measures to guarantee that other fuel distributors have access to the plant's waterway terminal. The approval with restrictions came in a 6-1 CADE board... Continue Reading →
(Reuters) - Progress to relaunch oil major Chevron Corp's (CVX.N) operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday. The U.S. Treasury Department in May renewed a license that allows Chevron to operate in Venezuela under very restrictive terms. The company had requested... Continue Reading →
Brazil Energy Insight 