Brazil upstream news

Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).

Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.

Vallourec enters into a definitive agreement to acquire from Mattr 100% of the shares of its subsidiary Thermotite do Brasil Ltda.

Petrobras has informed that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in 3Q24.

Sonardyne has announce the next phase of the pioneering On Demand Ocean Bottom Node (OD OBN) development project in Brazil.

Vallourec has announced the signature of a 5 year contract with Equinor in Brazil for the turnkey supply of premium tubes and connections, accessories, and services.

Trendsetter Engineering has announced that it has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil.

Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.