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Petrobras sets another annual pre-salt production record in 2021, reaching the mark of 1.95 million barrels of oil equivalent per day (boed). This volume corresponds to 70% of the company's total production, which was 2.77 million boed last year. The previous record was set in 2020, when the level of 1.86 million boed was reached,... Continue Reading →
(Valor) Potential investors in the offshore wind segment are waiting for the government's regulatory definitions to start projects in the seas of Brazil with the legal certainty characteristic of the electricity sector. The Brazilian Wind Energy Association (Abeeólica) is in a hurry to get the main regulatory guidelines for contracting offshore wind farms out, as... Continue Reading →
(PN) The Brazilian Institute of the Environment (IBAMA) granted the operating license for Shell to carry out the drilling activity in block C-M-791, in the Campos Basin. The document is valid for 5 years and authorizes the drilling of up to three exploratory wells in the region. Drilling in the block will be carried out... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro will visit Suriname and Guayana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil's two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guayana, Irfaan Ali, will hold a working lunch in... Continue Reading →
(Reuters) - Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.36,... Continue Reading →
The governor of Ceara, Camilo Santana, announced on the Portocem consortium as the winner of the auction for the implementation of the Natural Gas Thermoelectric Power Plant in the Export Processing Zone (ZPE) of the Pecem Complex. Led by the American Ceiba Energy, a company that owns, develops and operates power generation assets in Latin... Continue Reading →
The German oil company Wintershall Dea announced today (17) that it is leaving Brazil. The company, which holds stakes in nine exploratory licenses, said it would close all its operations in the country and close its office in Rio de Janeiro. This decision is the result of a very thorough analysis of the group's global... Continue Reading →
(TN) Platforms P-66, P-70 and P-77, located in the Tupi, Atapu and Búzios fields, respectively, started to operate with minimal flaring of gas, which starts to occur only in exceptional safety situations, reducing the emission of greenhouse gases (GHG). The flare is the equipment that has the function of burning the gas not used in... Continue Reading →
Subsea 7 has received DNV Technology Certification for its Swagelining polymer lined riser product, said to be a world first. According to Subsea 7, the qualification programme was designed to address the challenges presented by the dynamic service environment and vertical orientation of the riser product. Using a combination of standard and bespoke test methods,... Continue Reading →
(Reuters) - Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output. Brent crude was down 24 cents, or 0.3%, at $85.82 a barrel by 1200 GMT. Earlier in the session, the contract touched its highest since... Continue Reading →
