Petrobras Energia SA
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News
E&P Highlights: April 15, 2024
Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Valaris Updates Fleet Status
The backlog of these contracts and extensions is valued at $1.2 billion.
Petrobras Eyes Capex of $102B Under New Strategic Plan
Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
Petrobras Reports Rise in Q3 Production
Petrobras reported a near double digit rise in combined production in the third quarter 2023 to 2.88 MMboe/d, owing to better operating performance, new wells and the ramp-up of various offshore platforms.
E&P Highlights: Oct. 9, 2023
Here’s a roundup of the latest E&P headlines, including go-ahead for production at Tommeliten A and decommissioning at Dunlin Alpha, along with new contract awards.
LatAm Production to Grow 25% by 2028: IEA
The International Energy Agency forecasts total oil supply from non-OPEC+ Latin America to reach 7.5 MMbbl/d in 2028 on the backs of Brazil, Guyana and Argentina—offsetting declines in the rest of the region.
E&P Highlights: April 24, 2023
Here’s a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry.
FPS Activity Remains Strong Despite Obstacles
Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.
Petrobras Warns of Risks from Court-ordered Freeze on Gas Prices
"These decisions undermine the legal security of the business environment," Petrobras said regarding the court orders.
Petrobras Reverses Losses, Signals Continuity
CFO Rodrigo Araujo said Petrobras intended to follow the company’s 2021 to 2025 strategic plan, which calls for significant debt reduction and a sharp focus on deepwater production assets.
Petrobras Kicks Off Tender to Build 3 FPSOs in Deepwater Buzios Field
In a securities filing July 24, Petrobras said the three new FPSOs were part of its development plans for the asset, which aim at a total of 12 floating platforms installed by the end of the decade.