“Baker Hughes has led the way in addressing SCC-CO2, and we will bring that expertise and experience to bear in developing the definitive solution to this critical industry challenge”, Amerino Gatti, executive vice president for Oilfield Services and Equipment at Baker Hughes, said. “By deploying flexible pipe systems that last for decades, Petrobras can more efficiently unlock the vital natural resources that power the region, while also safely returning CO2 deep underground”.
Petrobras announced 9.1 billion reais ($1.6 billion) in dividends on Wednesday that trailed estimates after a surprise loss in the fourth quarter.
SBM Offshore is developing a compact, modular carbon capture solution designed to significantly reduce emissions from oil and gas production on FPSOs, as part of its emissionZERO program. The study for Petrobras encompasses the design and commercial assessment of diverse carbon capture system configurations for future FPSOs deployed in Petrobras fields, considering varying turbine types and machinery setups, gas flow rates and installed gas turbine power, and CO2 concentrations and gas compositions, SBM Offshore said.
State-owned energy company Petróleo Brasileiro S.A. (Petrobras) completed its first sale of very low sulfur fuel oil (VLSFO) with 24 percent renewable content in the Asian bunker market. The company said in a media release that it sold the VLSFO with Golden Island, a licensed bunker supplier in Singapore, noting that the sale was made in early February, for delivery before the end of the month.
Petrobras Chief Executive Officer Magda Chambriard said the Brazilian oil giant can withstand global prices sliding a little lower under Donald Trump, in part by leaning on its customers in China and India.
Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion in 2023.
State-owned oil and gas major Petróleo Brasileiro S.A. (Petrobras) has extended the charter period for the floating production storage and offloading units (FPSO) Cidade de Angra dos Reis by an additional five years, until 2030.
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.
Seadrill has announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process.
The technology will provide flow rates and identify flow patterns, generating online and real-time data availability for control and monitoring of slug instabilities to increase efficiency and optimize production of wells.