Stay updated with breaking news from Buzios Field. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
To install five new FPSOs Costs undercut investments Petrochemicals under study Petrobras increased its year end production targets for 2023 amid better than expected performance from recently install
Revenue of $2.19 billion, up 4% sequentially and up 16% year-over-year Operating Profit of $183 million, up $2 million sequentially and up $128 million year-over-year Net Income of $114...
Petrobras will boost investment spending over the next five years amid a recovery in global demand, with development of the massive Buzios Field in the country’s subsalt frontier expected to push crude oil output to 2.6 million b/d by 2026, the Brazilian state-led oil company said. It outlined $68 billion worth of investments for the ...
A pair of floating production, storage and offloading (FPSO) vessels now under construction for Petrobras are to be built to ABS Class. The sister FPSOs, currently named P-78 and P-79, underline ABS’ continued leadership in the sector, where 60 percent of all FPSOs in service are ABS Class. Both vessels will operate in Brazil’s pre-salt ...
Korean shipbuilders are stepping up their efforts to win orders for offshore plants whose demand is on the recovery amid rising oil prices. Daewoo Shipbuilding & Marine Engineering (DSME) is expected to sign a contract to build a floating production storage and offloading (FPSO) unit (P-79) with Brazilian state-run energy company Petrobras in July. The ...