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From the Media

Jan 21, 2022 - Agencia Brasil

President Jair Bolsonaro said on Thursday (Jan. 20) that Petrobras can collaborate in the exploration of oil reserves in Suriname. The president arrived in the morning in Paramaribo, capital of the neighboring country, for an official visit. "We offer Suriname our expertise in oil prospecting and that's why we brought the Minister of Mines and Energy,” said Bolsonaro. The president expressed his expectation about Petrobras developing cooperation projects in this area, during a joint press statement with the president of Suriname, Chandrikapersad Santokhi. The government of Suriname has recently discovered oil and gas reserves and is now working to ensure the exploitation of the fuels.

Jan 21, 2022 - Bollyside

ContourGlobal sells hydroelectric business in Brazil for US$ 318 million. FTSE 250 power-generation company said it sold Kani Lux Holdings S.a r.l., including the assumption of debt and other customary adjustments, to Patria Investments Ltd. The sale is expected to be complete in the second quarter, with an exclusive commitment that Kani’s wind assets can also be sold to Patria in the first half of 2022. ContourGlobal PLC said Thursday that it had sold its majority-owned hydro-electric generation subsidiary in Brazil for 1.73 billion Brazilian reais ($ US$ 318.1 million), netting proceeds of around US$ 110 million.

Jan 21, 2022 - Offshore Energy

Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deep-water Mero 2 project in Brazil. For the project, Fugro will use its QuickVision augmented reality camera to help guide the installation of 24 subsea torpedo piles and mooring lines, as well as to support real-time positioning for additional subsea installation and construction activities. The operations are scheduled to begin in the first quarter of 2022 and last approximately four months.

Jan 21, 2022 - Argus

Brazil's recently opened natural gas market will create solutions to avoid higher-than-expected prices within six months, according to the author of the country's new gas law in the lower house. Four gas distribution companies have sought and received favorable court rulings requiring state-run oil and gas company Petrobras to maintain 2021 gas prices in their states, including in Sergipe where congressman Laercio Oliveira (PP party) resides. "I believe that by the end of 2022 we will have a calmer scenario, and that we can see competition between agents and competition from domestic gas offered in greater quantities, Bolivian gas and LNG, with entry through several terminals," Oliveira told Argus.

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