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Petróleo Brasileiro S.A. - Petrobras clarifies the pieces of news in the media about the natural gas purchase agreement signed between Petrobras and Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). In 1996, Petrobras entered into a long-term natural gas purchase and sale contract with YPFB, with a contracted volume of 30 MM m³/day. In 2019, the National... Continue Reading →
(OP) Brazil's state oil major Petrobras has warned the government that the country could slip into a diesel shortage this year unless the company is allowed to sell the fuel at market prices. According to a Reuters report, Petrobras had told the Brazilian government that it will be difficult for it and for other fuel importers... Continue Reading →
The company announced this morning that it has restarted production at well 7-ATL-2HP-RJS in the Atlanta field, in the Santos Basin. As reported, the company had stopped extracting oil from the well to carry out a repair on a production line on the surface. After the adjustments, the Atlanta field returned to producing around 11,500... Continue Reading →
(Reuters) - Shares of Brazil's state-run oil company Petrobras plunged on Tuesday after the government oustedits chief executive for the second time in two months and signaled plans to alter the company's market-based fuel pricing policy. President Jair Bolsonaro has railed against a series of fuel price increases by Petrobras, formally known as Petroleo Brasileiro... Continue Reading →
The UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has inked a deal with Malaysia’s FPSO operator Yinson to upgrade a floating, production, storage, and offloading (FPSO) vessel, which will operate for Enauta offshore Brazil. Drydocks World revealed on Tuesday that it has signed a contract with Yinson to upgrade, refurbish, and convert an FPSO... Continue Reading →
EDF Renewables has carried out what is believed to be the first autonomous wind farm foundation inspection by deploying a customized remotely operated vehicle (ROV) at the Blyth offshore wind farm in the UK. Equipped and operated from the Offshore Robotics for Certification of Assets (ORCA) Hub, the ROV carried out visual inspections of the... Continue Reading →
Saipem has been contracted by Shell and Petrobras for the utilisation of its FlatFish subsea drone in two pilot projects involving the inspection campaigns of two ultra-deepwater fields offshore Brazil, operated by the two energy companies. The two projects with Shell and Petrobras are pilots within the framework of the research and development program of... Continue Reading →
(Reuters) - The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's (CVX.N) license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said. The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for... Continue Reading →
(Reuters) Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board, according to a statement released close to midnight local... Continue Reading →
(PN) With an enviable portfolio of new offshore field developments, Brazil is expected to attract around 10% of the resources earmarked for new oil and gas projects worldwide by 2025. In addition, the country will receive a total of US$ 36.7 billion in investments in this period, which will be applied in the development of... Continue Reading →
Brazil Energy Insight 