Brazil
News
July 21, 2017
Subsea 7 S.A. has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil.
News
July 19, 2017
CGG announced the award by Petrobras of a contract to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km2 in Brazil’s deepwater Santos Basin.
News
July 18, 2017
Brazil's oil regulator is proposing a plan to allow companies to apply more flexible local content rules to pre-existing contracts, the agency chief said on Tuesday, in a bid to attract fresh investment by foreign oil majors into Latin America's top economy.
News
July 13, 2017
Statoil Brasil Oleo e Gas Ltda has awarded Seadrill two service contracts for exploration drilling in the BM-S-8 license in Brazil's Santos basin.
News
July 12, 2017
Statoil ASA and Queiroz Galvão Exploração e Produção (QGEP) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin.
News
July 04, 2017
Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.
News
June 28, 2017
Petróleo Brasileiro SA should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.
News
June 26, 2017
Brazil’s most crippling recession on record is complicating life for OPEC.
News
June 26, 2017
Seatronics has supported a global oilfield provider of engineered services and products, with a key project in Brazil through the supply of subsea equipment.
News
June 23, 2017
ITC Global, a provider of satellite communications to remote and harsh environments, announced today that it has initiated installations to deliver communications services to seven floating production, storage and offloading (FPSO) vessels located offshore Brazil for a leading oil and gas service company.
News
May 26, 2017
Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce today that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos basin.
News
May 23, 2017
Petrobras has begun the disclosure phase of the teaser regarding the transfer of Petrobras’ stake in the Juruá field, in the Solimões basin.
News
May 19, 2017
Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.
News
May 16, 2017
Petrobras’ net income was R$4.4 billion in first quarter 2017, reversing the loss recorded in the same period of last year. This result reflects the company’s outstanding operating performance, despite lower demand for oil products in the Brazilian market.
News
May 16, 2017
Heerema Fabrication Group has been awarded the Procurement & Construction contract of the Peregrino II jacket by South Atlantic Holding B.V. on behalf of the Statoil Peregrino II project.
News
May 09, 2017
Exxon Mobil Corp. and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, similar to the $2.2-billion deal signed with Total SA in December, said people familiar with the conversations.
Article
May 2017
Latin America schleps forward on its quest for recovery
News
May 09, 2017
Petrobras is entering the fourth expansion cycle in its history as it ramps up its production in the pre-salt layer. This is a major milestone for the company, achieved by overcoming challenges, developing technologies and building up technical capacity.
News
May 09, 2017
Intense collaboration between the Libra area’s partners to develop technologies needed to maximize value has cut the project’s break-even price by approximately $13/bbl.
News
May 09, 2017
Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime.
News
May 05, 2017
Two affiliates of Cut Off, LA-based Edison Chouest Offshore (ECO), have signed a five-year contract with Shell Brazil for light subsea construction and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel.
