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Aug. 20 (Reuters) Brazil's Transpetro, the logistics subsidiary of state-run oil firm Petrobras, is set to relaunch a tender for building barges after low interest in a May bidding process, Transpetro Chief Executive Sergio Bacci said on Tuesday. In May the firm put up the tender for the four barges intended for fuel transportation operations,... Continue Reading →
Aug. 19 (offshore-energy.biz) Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá. As one of the resources that will be put into practice... Continue Reading →
Aug. 19 (offshoreWIND.biz) Brazil’s Ministry of Mines and Energy has opened a public consultation on the proposed methodology for selecting the areas that will be allocated for offshore wind development. The methodology involves identifying and designating bidding areas within which project sites can then be proposed and sets out a selection process that would be... Continue Reading →
Aug 18 (Reuters) - State-run oil firm Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business, CEO Magda Chambriard said on Monday. Chambriard added that oil in... Continue Reading →
Aug 18 (Reuters) - Brazil's Petrobras is leaning toward corn as the raw material for a renewed foray into ethanol, potentially sidelining sugarcane and beleaguered sugar producer Raizen, three Petrobras sources familiar with the matter said, citing preliminary evaluations. Energy company Petrobras, majority-owned by Brazil's government, has previously said its potential return to ethanol would involve... Continue Reading →
Aug.18 (oilprice.com) Brazil’s oil and gas regulator ANP has approved an 18-month extension of the exploration period for the Aram block in the Santos Basin pre-salt, pushing the deadline for Petrobras and China’s CNOOC to meet their commitments to June 30, 2029, according to BNamericas. The move gives the consortium more time to advance drilling in... Continue Reading →
Aug.18 (Reuters) – Petrobras signed a R$3.2 billion contract with the offshore support vessel company OceanPact for the charter of four RSV vessels for four years, the service provider told Reuters on Monday (18). The vessels will be used in remotely operated vehicle (ROV) operations for inspection of underwater structures, preventive and corrective maintenance, installation... Continue Reading →
Aug.18 (Reuters) Brazilian state-run oil firm Petrobras is looking to increase production at three floating offshore production platforms (FPSO) it operates in the country, the head of Exploration and Production, Sylvia dos Anjos, said on Monday. Production at the firm's Almirante Tamandare FPSO in Buzios field could increase from the current 225,000 barrels of oil per day... Continue Reading →
Aug.18 (agenciapetrobras.com) The Buzios field, operated by Petrobras, broke its record and surpassed daily production of 900,000 barrels of oil this weekend. Located in the pre-salt layer of the Santos Basin, approximately 180 kilometers off the coast of Rio de Janeiro, Búzios was discovered by Petrobras in 2010 and began operations in 2018. With this... Continue Reading →
Aug 15 (Reuters) - A U.S. appeals court on Friday granted Argentina's request to put on temporary hold a judge's order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a brief order, the 2nd U.S. Circuit Court of Appeals... Continue Reading →
Brazil Energy Insight 