Offshore Gas Production in Colombia Attracts Oil and Gas Majors
British Shell and Brazilian Petrobras have shown interest in expanding their participation in gas production projects on the shelf of the Latin American country. Shell and Petrobras are ready to work in Colombia even though the country’s current president wants to abandon fossil fuels and has stopped issuing new licenses …
Brazilian Petrobras Announces New Upstream Policy
Brazil’s state oil company Petrobras said Monday it has decided to suspend the sale of some key assets. The oil giant said it would no longer sell the Uruk and Bahia Terra clusters, as well as the Manati oil field and its subsidiary Petrobras Operaciones in Argentina. The asset sale …
Petrobras Upgrades Offshore Hydrocarbon Platforms in Brazil
State-owned Petrobras has put into operation two new production platforms for offshore fields in Brazil. These facilities will not only help increase hydrocarbon production, but also reduce the burden on the environment, the company reports. One of the installations is called Anita Garibaldi, the other is Anna Nery. Both platforms …
Petrobras Receives License to Operate FPSO Anita Garibaldi
The Brazilian Institute of the Environment (IBAMA) has granted Petrobras a license to operate the FPSO Anita Garibaldi, which should start operations in the coming weeks. The unit is capable of producing up to 80,000 b/d of oil and processing up to 7 million m³/s of gas. FPSO Anita Garibaldi …
Oil Production in Brazil May Grow by 4-5% in 2023-2024
Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates. According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this …
Brazilian Petrobras Changes its Mind About Selling 44% Stake in Promising Offshore Gas Project
Brazilian state oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project on the Tayrona block, 32km off the coast of Colombia, which it shares with Colombian Ecopetrol, Reuters reported, citing a statement by Petrobras’ director of production development on energy conference …
Rio de Janeiro Receives Tenaris’ Fifth R&D Center
The company invested US$ 39 million in the construction of its Research and Development Center in Brazil, located in UFRJ’s Technological Park. The entire investment plan underway in Brazil reaches US$ 370 million. In order to offer the highest technology, excellence and innovation to its Brazilian and global customers in the energy sector, …
Petrobras Chooses TenarisHydril Blue® Connections for Offshore Wells
Tenaris signed a contract to supply Petrobras with” casing with TenarisHydril Blue® premium connections for offshore wells over the next five years. Developed to face the most challenging E&P environments, and tested in accordance with ISO 13679 CAL IV, TenarisHydril Blue® connections have proven their worth for the past 10 …
Petrobras Uses Palisade’s @RISK for E&P Analysis
The Challenge In terms of its market value, Petrobras, the Brazilian oil producer and refinery operator, is the eighth largest global company in the world. Its investments amount to more than $53 billion, and these include more than thirteen thousand productive oil and gas wells and 112 production platforms. Recently …
FMC Technologies Receives $125 Million Order From Petrobras
FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil’s national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame …