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Norway’s PaleBlue has launched the ROV Engineering Simulator tailored for subsea engineering, design reviews, and accessibility checks of subsea installations with the use of remotely operated vehicles (ROVs). The simulator provides real-time simulation and visualization tools that allow users to set up a subsea scene, import CAD equipment, and model various situations with ROVs. According... Continue Reading →
Stolthaven Santos and the Pecém Industrial and Port Complex, a joint venture formed by the government of Ceará and the Port of Rotterdam, in the Netherlands, announced the signing of a memorandum of understanding (MoU) for the study of a new storage terminal in Porto do Pecém, Brazil. The terminal will focus on providing storage... Continue Reading →
Brazil's central bank raised its key interest rate for the ninth straight time Wednesday, as Latin America's biggest economy continues to reel from surging inflation, now exacerbated by the Ukraine war. The bank's monetary policy committee raised the benchmark Selic rate by one percentage point, to 11.75 percent, in line with analysts' forecasts, citing inflation... Continue Reading →
(PetroleoHoje) Petrobras found signs of oil in the Três Marias discovery, which was originally notified to the ANP with only signs of gas. The regulatory agency informed that there was an update of the information sent in the first Notice of Discovery, which was made available on the ANP website in January this year. The... Continue Reading →
(PetroleoHoje) Petrobras will carry out a 3D seismic acquisition campaign with nodes and gravimetric and magnetometric surveys in Iara, in the Santos cluster. The mapping will involve the shared deposit of Atapu and the fields of Berbigão and Sururu. The 3D seismic acquisition service will be contracted through a recently launched tender by the oil... Continue Reading →
(Reuters) - A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said. The Russian invasion of Ukraine has driven many commodity prices to all-time highs, stretching the... Continue Reading →
Helix Energy Solution has secured a one-year contract extension with Trident Energy for field decommissioning services offshore Brazil. The project, located in the Pampo and Enchova Clusters in the Campos Basin, is expected to commence late this year for a period of two years with multiple options to extend. Helix will provide a riser-based well intervention... Continue Reading →
There is a possibility of replacing Petrobras' chief executive, Brazil's President Jair Bolsonaro said on Wednesday, adding further pressure to the state-run oil company's pricing policy. In an interview with regional TV channel, Bolsonaro said the possibility of replacing Joaquim Silva e Luna as Petrobras CEO exists, although he added "everyone in the government can... Continue Reading →
(Bloomberg) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and trading houses, according... Continue Reading →
(PetroleoHJoje) The Maersk Developer rig, chartered to execute Karoon's intervention campaign in Baúna, in the Santos Basin, is already on its way to Brazil. The Maersk unit, which left Trinidad & Tobago last week, is expected to arrive in the country in the second half of April. The semi-submersible Maersk Developer will start campaigning in... Continue Reading →
Brazil Energy Insight 