Brazil's Energy Sector Update: O&G Contracts, Solar Power Growth, and Offshore Developments
Key Ideas
  • Petrobras signs contracts for subsea equipment with SLB OneSubsea for oil production projects in Santos and Campos basins.
  • Ocyan secures new offshore maintenance contract with Petrobras worth 750mn reais for activities in the Búzios field.
  • Brazil's oil and gas production in June increases, with 3.409Mb/d of oil produced and 150.07Mm3/d of natural gas output.
  • President Lula da Silva enacts law establishing regulatory framework for green hydrogen, including incentives for low carbon hydrogen production.
The article provides updates on various aspects of Brazil's energy sector. Petrobras has signed contracts with SLB OneSubsea for the acquisition of subsea equipment to enable oil production projects in the Santos and Campos basins. Ocyan has also secured a new offshore maintenance contract with Petrobras. Brazil's oil and gas production in June saw an increase, with notable figures for oil and natural gas output. Additionally, President Lula da Silva signed a law establishing a regulatory framework for green hydrogen, offering incentives for low carbon hydrogen production. The article also highlights the growth in solar power in Brazil, with over 45GW of installed capacity and significant investments in the photovoltaic sector. Furthermore, developments in offshore projects include the completion of subsea systems and line connections for FPSO Atlanta by Enauta, and the departure of the Almirante Tamandaré FPSO to the Búzios field for high-capacity oil and gas production. Overall, the article portrays a positive outlook on Brazil's energy sector with advancements in various areas including oil and gas, solar power, and offshore developments.
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