Brazil
News
May 24, 2019
There is room to discuss postponement of at least one oil and gas auction in 2019.
News
May 23, 2019
New routes to deliver the natural gas produced in the pre-salt could require $2 billion in investments, according to the Energy Research Company (EPE).
News
May 14, 2019
McDermott International, Inc. has announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 mi (280 km) from the Rio de Janeiro coastline in Brazil.
News
May 10, 2019
Industry body Subsea UK is inviting UK organizations to participate in the ‘UK and Brazil: Partners in Energy’ trade mission, which takes place in June.
News
May 07, 2019
At the 50th edition of the Offshore Technology Conference (OTC), Petrobras will highlight its technological journey to enable one of the main exploration and production projects of its portfolio: the development of the Libra block in pre-salt of the Santos Basin.
Article
May 2019
Brandishing an array of government initiatives and the allure of world-class geology, Brazil is intent on reversing recent years of decline in overall production.
News
May 06, 2019
Oilfield technology firm Airborne Oil & Gas and engineering company SÍMEROS Technologies have signed a collaboration agreement, which aims to deliver the first qualified thermoplastic composite pipe (TCP) risers in the deepwater region of Brazil.
News
May 03, 2019
One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petroleo Brasileiro SA.
News
April 29, 2019
Petrobras executed three sale and purchase agreements to sell assets in the total amount of $10.3 billion (R$40 billion). In 2019, considering the signed transactions and the closed one, the total amount of asset sales is $11.3 billion.
News
April 17, 2019
The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast.
News
April 17, 2019
Total plans four new wells in Lapa field, offshore Brazil.
News
April 10, 2019
Petrobras will get $9.06 billion to settle a deepwater contract dispute with the government, ending years of negotiations and paving the way for the majors to access crude deposits in the area.
News
April 09, 2019
Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs).
News
April 03, 2019
More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills in a research project,
News
March 20, 2019
Margaret Øvrum recalls that investment depends on viability, "With a monopoly, you do not get the right price."
News
March 19, 2019
Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013.
News
March 18, 2019
Açu Petróleo (a partnership of Prumo Logística and Oiltanking) and Equinor signed a contract for oil transshipment services at the Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro.
News
March 10, 2019
Petroleo Brasileiro SA plans to implement a voluntary redundancy program and cost-cutting measures aimed at shaving $8.1 billion off its budget for the next five years.
News
March 03, 2019
Petrobras posted $6.84 billion (R$25.8 billion) net income in 2018. The first positive annual result in five years is also the highest since 2011.
News
February 25, 2019
Petrobras informs that in January its total production of oil and gas, including natural gas liquids (NGL), was 2.61 MMboe/y, of which 2.54 MMboed produced in Brazil and 73 Mboed abroad.
News
February 21, 2019
TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior.
