Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil Petróleo Ltda (Shell - 25%) and TotalEnergies EP Brasil Ltda. (TotalEnergies - 22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer... Continue Reading →
Petrobras on receiving compensation for Sépia
Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 14.55 billion from TotalEnergies EP Brasil Ltda. (TotalEnergies), Petronas Petróleo Brasil Ltda. (Petronas) and QP Brasil Ltda. (QP), related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%),... Continue Reading →
Petrobras on the sale of its stake in Deten
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/16/2021, informs that its Board of Directors, in a meeting held today, approved the sale of its entire stake (27.88%) in Deten Química S.A (Deten), located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química S.A.,... Continue Reading →
The last barrel: Offshore activity to rebound
Craig Fleming (WO) With the havoc created by the war in Ukraine and the hard push to convert to renewables, operators are once again focusing on the high ROI that offshore prospects offer. There is an onslaught of good news and positive indicators that suggest operators are poised to significantly increase offshore development in 2022. ... Continue Reading →
Petrobras: Highlights on production and sales in 1Q22
In 1Q22, Petrobras kept a solid operating performance, with average oil, NGL and natural gas production reaching 2.80 MMboed, 3.4% above 4Q21. This result was achieved mainly due to the continuity of the ramp-ups of FPSOs Carioca (Sépia field) and P-68 (Berbigão and Sururu fields), located in the pre-salt of Santos Basin, to the lower... Continue Reading →
Petrobras on the sale of the Albacora Leste field to PetroRio
Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio), a... Continue Reading →
Japan: Construction of 16.8MW Goto Floating Wind Farm to Start in September
Construction of the 16.8 megawatt Goto floating wind farm in Japan is expected to start in September 2022, with the commercial operations scheduler to begin in January 2024. A a sole bidder, the Japanese Goto Floating Wind Farm consortium, in June 2021, won a bid to build the floating wind farm in an area offshore Goto City, Nagasaki... Continue Reading →
Austrian Consultancy VCE to Support Gazelle’s Floating Wind Pilot in Canary Islands
Irish floating wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding with the Austrian consulting firm Vienna Consulting Engineers ZT GmbH (VCE) to support its 2MW floating wind pilot project in the Canary Islands. VCE will provide design services—including load capacity determination, inspection planning, performance assessment, and more—as well as monitoring... Continue Reading →
Saipem Taps GE to Deliver ‘Heart’ of Petrobras’ P-79 FPSO
Italian oilfield services giant Saipem has awarded GE Power Conversion a contract to develop the electrical module for Petrobras’ P-79 FPSO. In June 2021 Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), won a contract with to build the FPSO P-79 for Petrobras' Búzios, one of... Continue Reading →
Chevron, Staatsolie sign production sharing contract for Surinam’s Block 7
(Reuters) - Suriname's state firm Staatsolie and a unit of Chevron Corp (CVX.N)have signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the South American country. Surinam is a small onshore crude producer, but the South American country has yet to confirm... Continue Reading →
Brazil Energy Insight 