Brazil NEWS

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced on Tuesday, ditching a more market-based policy in favor of greater flexibility to smooth price swings.

Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for the country's first full-scale CCS hub.

ExxonMobil completed its initial exploration drilling program in Brazil after failing to find oil, according Reuters and the Wall Street Journal. However, the oil and gas company “continues to pursue exploration activity in the country.”

Results come in a week where the Brazilian government has announced plans for a temporary tax on crude exports

Petroleum Minister Hardeep Singh Puri and Brazil’s Energy Minister discuss on cooperation between the two countries in energy, bioenergy, biofuels

OVL had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin.

RIO DE JANEIRO (Reuters) – France’s TotalEnergies, Royal Dutch Shell, Malaysia’s Petronas and Qatar Energy on Friday scooped up big offshore fields in Brazil together with state-owned Petrobras, paying nearly $2 billion to its cash-strapped government. While TotalEnergies (28%), Qatar Energy (21%) and Petronas (21%) made the top offer for Sepia field, Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising preference rights to take a 30% stake. Petrobras (52.5%), Shell (25%) and Total (22.5%) secured the nearby Atapu field.

IRVING, Texas – July 30, 2021 – Exxon Mobil Corporation today announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021 to $6.9 billion, which is consistent with planned lower activity in the first half of the year. The company anticipates higher second-half planned spending on key projects, including Guyana, Brazil, Permian and in Chemical, with full-year spending towards the lower end of the guidance range of $16 billion to $19 billion.

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, today announced the signing of a share purchase agreement for the sale of 100% of its 128 megawatt VSM2 and 59 megawatt VSM4 wind farms to the Brazilian utility Copel. The actual sale is scheduled for November 30, 2021, once the conditions precedent have been met.

Forum Energy Technologies has entered into a partnership with Brazil’s Deepsea Technologies Equipamentos Industriais Ltd as part of their long-term growth strategy in South America.The partnership will see Deepsea Technologies provide business development and engineering support on behalf of FET in Brazil. It will also deliver full servicing, repair, calibration, upgrades, and modifications for FET remotely operated vehicles (ROVs) and associated tooling. Deepsea Technologies will also have responsibility for the repair and calibration of FET torque machines.

CGG announced the delivery of the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil's offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km (3,591 sq mi) will provide valuable information to oil and gas companies wishing to evaluate acreage and assess the potential of the Agata block, prior to Brazil's upcoming 7th Production Sharing Bidding Round.

Tenaris and Subsea 7 have signed agreement for supply of pipes and coating services for Bacalhau project, operated by Equinor and located 185 km (115 miles) off the coast of São Paulo in Brazil. The agreement includes provision of 75 km of seamless pipes for risers and flowlines that will be manufactured at Dalmine, Tenaris’s seamless pipe mill in Italy.

Seabed Geosolutions has been awarded a survey contract in the Brazilian waters. The company will have to perform a baseline 4D ocean bottom node (OBN) survey and a future 4D monitor OBN survey. The operations will be performed in water depths over 2,200m. "We are delighted to be awarded another high-profile, deepwater OBN project in Brazil", said the company. Seabed is a joint venture between Fugro and CGG.

Total has resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometers offshore Brazil. The area may contain as many as 14 billion barrels of petroleum. Environmentalists, however, have tried to prevent oil exploration in the area, which is home to a sizeable reef. A new operator will be appointed for the job in a period of six months.

DOF Subsea has secured multiple new contracts worth $110m from Brazilian firm Petrobras. According to the contract, DOF Subsea will provide survey and inspection services within its core service lines. These operations will be performed in the Campos, Santos, and Espírito Santos basins, as well as Marlin Field. The contract works are expected to start in the fourth quarter of this year.

Brazilian oil company Petroleo Brasiliero SA, also known as Petrobras, will keep half its administrative staff working from home on a permanent basis, Reuters reported Wednesday. Workers will be allowed to opt-in for work-from-home status, the report said, adding demand from the company's workers seems to be high. This state-controlled firm is the first oil major to plan a widespread and permanent shift to remote work.

Brazil state-controlled oil major, Petrobras reported a fire incident at its Duque de Caixas refinery, forcing the authorities to operate the refinery at half of its installed capacity. However, the company said in an email late on Monday that the fire would not affect deliveries as the inventories were already equipped. The company also did not provide a date on when production will return to normal levels.