en.Wedoany.com Reported - The Brazilian oil and gas industry journal Oil & Gas Brasil has released its June issue, covering the recovery of growth in the Campos Basin, the FPSO decommissioning process, multiple investments and cooperation agreements by Petrobras, and key developments among major oilfield service companies.
The cover story focuses on the production recovery in the Campos Basin (Bacia de Campos), authored by Fabiano Reis and Julia Vaz. The exclusive interview features Rogério Quirino, Regional Director of John Crane, conducted by Julia Vaz. Columnist Roberto Silva presents his views under the title "Offshore Decommissioning: Brazil Needs to Transform Future Costs into Industrial Policy," while Jorge Luiz Mitidieri analyzes FPSO EXPO 2027. Other articles in this issue include: a century-long data analysis of U.S. crude oil production (1920–2024) by Eduardo Bustamante, and an analysis of vulnerabilities in industrial operational safety by João Carlos Alves Rodrigues.
Key news in this issue includes: The Búzios oilfield set a new record with daily output exceeding 1.2 million barrels; an FPSO operated by MODEC arrived at a recycling shipyard after completing operations in Brazil; Petrobras, in partnership with the Brazilian Development Bank (BNDES), is evaluating opportunities for research, development, and innovation in critical minerals; Petrobras plans to invest 12 billion reais in shipbuilding in the state of Santa Catarina. Additionally, the state-owned company (Petrobras) signed the contract to resume the UFN III project in the presence of President Lula; the company reported a 36% reduction in emissions from its oil operations and expanded its contributions to society; Petrobras acquired stakes in exploration blocks in the Campos Basin; PRIO brought another well online in the Campos Basin; Hanwha Ocean created a new revenue stream for Petrobras; TGS and SLB are advancing 3D seismic surveys; Belov Group invested over 70 million reais to expand the Belov shipyard; Petrobras started production early at Búzios 8 (P-79); RNEST refinery set a record for diesel production in April; Petrobras announced approval of the production sharing agreement for the Sururu and Berbigão shared fields; Petrobras released its Q1 2026 financial results, posting a net profit of 32.7 billion reais. The article also discusses the risk of dependence on royalty income in the Niterói region.
In the oilfield services and equipment sector, John Crane launched the Performance Plus service to optimize maintenance and reduce industrial downtime; the Port of Rio de Janeiro completed channel expansion and began receiving vessels up to 366 meters in length; the Oil and Gas Supplier Opportunity Network introduced over 600 companies to FPSO Expo 2026; Vallourec achieved high operational efficiency in Brazil in Q1 2026, maintaining global profit margins; Wilson Sons plans to expand Tecon Rio Grande to serve larger vessels and the Southern Cone market; Petrobras celebrated the resumption of fertilizer production in Bahia, with President Lula visiting the Fafen plant; Petrobras signed contracts worth 11 billion reais for the construction and operation of four offshore support vessels; the company also consolidated its strategic partnership with Lightsource bp in Brazil's renewable energy sector; ABL provided support for Subsea7 in Brazilian waters; Wilson Sons launched a new tugboat for operations at the Port of Santos; Mills opened a new chapter on its 74th anniversary, partnering with Europe's largest equipment rental group, Loxam; the Mero field in the Santos Basin pre-salt adopted innovative seismic monitoring technology; Saipem signed an agreement with Petrobras for decommissioning activities in Brazil; the state-owned company (Petrobras) will invest over 2.8 billion reais in Amazonas state to expand natural gas production at Urucu and its fleet; GE Vernova reported that its global fleet of HA gas turbines has surpassed 4 million operating hours and noted accelerating global energy demand; Baker Hughes secured a contract extension with Petrobras; Vallourec signed an agreement for a bioenergy carbon capture and storage project in Brazil; Halliburton established a strategic partnership with Shape Digital to advance digital management of asset performance.
In market and policy developments, the state-owned company is pushing for immediate approval of the 2026 capacity reserve auction; Petrobras approved joining a new economic subsidy program and adjusted diesel prices. In trading and cooperation, CNOOC and Petrochina purchased crude oil from the Atapu and Bacalhau fields in spot auctions; MODEC and Eld signed a memorandum of understanding to jointly develop next-generation FPSO energy systems with carbon capture capabilities; Ocean Installer signed a contract with Equinor; SBM Offshore reached two FPSO project agreements with Petrobras, totaling $12 billion; Altera & Ocyan transferred operation of the FPSO Cidade de Itajaí to Karoon Energy. Finally, Petrobras announced progress on its energy transition initiatives and established a partnership with Pemex in exploration, production, and industrial processes.
