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Seabed bags a contract offshore Brazil
Oct. 15, 2020

Seabed bags a contract offshore Brazil

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 resigns from operator role in Foz Do Amazonas Basin
Sept. 7, 2020
Source: Reuters

Total resigns from operator role in Foz Do Amazonas Basin

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 secures multiple contracts with Petrobras
Aug. 29, 2020

DOF Subsea secures multiple contracts with Petrobras

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.

Petrobras to offer permanent work-from-home status to some staffers
June 18, 2020
Source: Reuters

Petrobras to offer permanent work-from-home status to some staffers

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.

Fire breaks at Petrobras-owned refinery, leaves facility operating at half capacity
June 17, 2020
Source: Reuters

Fire breaks at Petrobras-owned refinery, leaves facility operating at half capacity

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.

Brazil's Petrobras Will Not Hire Ships That Operated in Venezuela
June 15, 2020
Source: Reuters

Brazil's Petrobras Will Not Hire Ships That Operated in Venezuela

Brazil’s Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signalling adherence to U.S. sanctions on the Latin American nation. Washington has said it could add to its sanctions list, a move that could disrupt sea-borne trade by sharply raising tanker rates.

Workers Test Positive for COVID-19 at Tubarao Martelo Field in Brazil
May 27, 2020
Source: Reuters

Workers Test Positive for COVID-19 at Tubarao Martelo Field in Brazil

About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well owned by Brazilian oil firm Dommo Energia SA, two regulatory sources with knowledge of the matter told Reuters. The production well, at the offshore Tubarao Martelo field, has been paralyzed since early May, added the sources, who requested anonymity to discuss private operational matters.

Petrobras books steep loss amid "worst crisis in 100 years"
May 15, 2020

Petrobras books steep loss amid "worst crisis in 100 years"

Petrobras, the Brazilian state-controlled oil producer, posted an $11 billion impairment in the first quarter after revising down its outlook for crude prices. Even without the impairment, Petrobras reported a loss in the quarter on lower oil prices and the devaluation of Brazil’s real, the worst-performing major currency this year. While low oil prices have battered the industry, Petrobras ended up benefitting from the rebounding oil demand in China.

Petrobras experiences surprising growth in demand
April 28, 2020

Petrobras experiences surprising growth in demand

Experiencing higher than expected demand has compelled Petrobras to revisit its previous decisions. Brazilian state-run company will reverse its previously announced production cuts to meet the surprising growth in demand. The company said, "With demand for our products proving better than expected, we opted to gradually return average production to around 2.26 million bpd in April, while also increasing utilization rates at refineries".

Sandvik lands stainless steel umbilical tube contract in Brazil
March 4, 2020
Source: World Oil

Sandvik lands stainless steel umbilical tube contract in Brazil

Swedish engineering group, Sandvik has landed the first large scale stainless steel umbilical tube contract in Brazil’s Mero oilfield. The Brazil offshore industry typically uses thermoplastic hose umbilicals. The contract will see Sandvik providing over 500 kms of super duplex Sandvik SAF 2507® stainless steel umbilical tubes encapsulated by Prysmian Group. The Mero oilfield is by a consortium of Petrobras, Total, Shell Brasil, CNPC and CNOOC Ltd.

Brazil will not join OPEC, aims at production increase
Jan. 28, 2020

Brazil will not join OPEC, aims at production increase

Brazil's energy and mines minister Bento Albuquerque has put a full stop at the speculations of Brazil joining OPEC. He said, "We don’t want restrictions; we want to increase our production”. However, the minister also said that Brazil is open for discussion with OPEC members regarding possible cooperation. The market started expecting this incorporation when President Jair Bolsonaro announced personal aspirations to join the organisation in October 2019.

Petrobras divests 34 oilfields for $266 million
Dec. 10, 2019
Source: Reuters

Petrobras divests 34 oilfields for $266 million

Brazilian state-run Petrobras has completed the sale of 34 onshore oilfields in Rio Grande do Norte state to a subsidiary of PetroReconcavo SA. The Brazilian oil major informed about the $266 million deal through a market filing on Monday. The sale is consistent with Petrobras’ divestment strategy to lessen its debt load and focus more on deepwater exploration and production.

ONGC Videsh strikes oil in Colombia, Brazil
Oct. 17, 2019

ONGC Videsh strikes oil in Colombia, Brazil

ONGC’s overseas division, ONGC Videsh Ltd has made major oil discoveries in Brazil and Colombia. In a statement released on Wednesday, the E&P major informed about encountering the oil bearing sands of 8 meters at a depth of 2852m in Block CPO-5. ONGC Videsh operates the block where PDSA is the partner. In Brazil, ONGC Videsh drilled with its consortium partner, Petrobras in block BM-SEAL-4, encountering oil and gas bearing sands.

Petrobras and Equinor sign MoU for Natural Gas projects
Oct. 11, 2019

Petrobras and Equinor sign MoU for Natural Gas projects

Brazil's Petrobras and Equinor have signed a memorandum of understanding on the joint development of natural gas business projects. Both the companies want to focus on enhancing the downstream value through thermoelectric generation. Petrobras informed that "The companies intend to combine efforts in investment in the natural gas, liquefied natural gas (LNG) and power generation segments".

Fire at Revap refinery under control: Petrobras
Sept. 30, 2019
Source: Reuters

Fire at Revap refinery under control: Petrobras

Brazilian state-run major, Petrobras informed about a fire that broke out at its Revap refinery, in Sao Jose dos Campos. On Sunday afternoon, the tanks which store materials used to produce asphalt and fuel caught fire. A statement released by Petrobras read that the fire was brought under control without any casualties. Investigations on the incident are underway.

Weatherford secures its biggest ever fishing and intervention contract
Sept. 11, 2019
Source: World Oil

Weatherford secures its biggest ever fishing and intervention contract

Oilfield services major, Weatherford has secured its biggest-ever fishing and intervention contract from Petrobras. The deal valued at $87 million will see Weatherford delivering fishing and intervention services to Petrobras. The four-year contract awarded to the Brazilian state-run firm also represents the largest single global award for this kind of work in the recent past.

Subsea lands contract for Brazilian field development
Sept. 4, 2019

Subsea lands contract for Brazilian field development

"Total E&P has awarded Subsea 7 with a contract for the development of the Lapa North East field in Brazil. The contract will require Subsea 7 to transport, install and pre-commission 35km of flexible pipelines, apart from 20kms of umbilical, connecting five wells to the FPSO, Cidade de Caraguatatuba. The Lapa field is operated by Total E&P Brasil, where Shell and Repsol-Sinopec are partners."

Petrobras to privatise Petrobras Distribuidora
July 25, 2019

Petrobras to privatise Petrobras Distribuidora

Brazil's state-run company, Petrobras has decided to forfeit control of the biggest fuel distributor of the country, Petrobras Distribuidora. Under its new Chief Executive, the oil major went ahead with the privatisation drive and made this decision in a share offering due to be priced on Tuesday. The company holds a 25% share in Petrobras Distribuidora of which it will relinquish the control. It will bring in roughly $2 billion.

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