Brazil ///

Petrobras reports oil and gas production from October

Petrobras reports that its total oil and natural gas production in October was 2.77 MMboed, with 2.67 MMboed produced in Brazil and 104,000 boed produced abroad.

Petrobras begins negotiation with BP towards strategic alliance

Petrobras announced that it has signed a Letter Of Intent (LOI) with BP to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and abroad, which include cooperation on upstream, downstream, gas transportation and marketing, LNG, oil trading, lubricants, aviation fuel, power generation and distribution, renewables, technology and low carbon initiatives, with the purpose of developing a potential strategic alliance between the companies.

Brazil joins IEA as an association country

The International Energy Agency and Brazil jointly announced today that the country joined the IEA as an association country, opening new avenues for cooperation towards a more secure and sustainable energy future with Latin America's largest country.

Qatar Petroleum part of winning consortium for oil exploration offshore Brazil

A consortium comprising Qatar Petroleum, Shell, and China National Offshore Oil Corporation (CNOOC) was selected as the winning bidder for the Alto de Cabo Frio-Oeste block in the prolific Santos hydrocarbon basin offshore Brazil.

Shell expands pre-salt growth in deepwater Brazil with winning bids

Royal Dutch Shell plc (Shell) and its partners won today three, 35-year production sharing contracts for pre-salt blocks located in the Santos basin, offshore Brazil.

Statoil, Exxon strengthen position in Brazil's Carcará oil discovery

Statoil Brasil Oleo e Gas Ltd., a subsidiary of Statoil ASA, ExxonMobil Exploracao Brasil Ltda., a subsidiary of ExxonMobil Corporation, and PETROGAL BRASIL, SA, a subsidiary of Galp, were the high bidders for a production sharing contract for the Carcará North Block in Brazil’s second pre-salt offshore licensing round held on Oct. 27.

International oil majors flock to deep waters of Brazil

Leaner and fitter after three years of low prices, oil majors are descending on Rio de Janeiro to join a deep-water bonanza that has already helped state-controlled Petrobras emerge from financial heartache.

Petrobras contracts FPSO for Sepia field, in the Santos basin

Petrobras informs that on Oct. 13, 2017 it signed a contract with Modec Group to charter a FPSO platform to be used at the Sepia field development project, derived from the Transfer of Rights Agreement, located in the pre-salt of the Santos basin.

FairfieldNodal sets sail for deeper waters to acquire data for Libra consortium

FairfieldNodal’s project to acquire and process high-resolution 3D marine seismic for the Libra consortium has left port for deeper waters to begin work.

Shell Brazil, COPPE select 4Subsea for 25-million NOK research project

4Subsea is awarded a Shell-funded contract to support COPPE, the centre for engineering research and education at the Federal University of Rio de Janeiro (UFRJ).

Petrobras notified of ANP's decision on local content in Libra

Petrobras informs that, as operator of the Libra consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem of the Libra Pilot project.

Petrobras announces start of non-binding phase for divestment in shallow-water fields

Petrobras has announced the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte, Sergipe, Rio de Janeiro, and São Paulo.

Binding phase begins for Petrobras, Chevron in sale of Maromba field in Campos Basin

Petrobras and Chevron Brasil Petróleo Ltda., have announced the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the Maromba Field, in the Campos Basin.

Petrobras, Statoil advance partnership to optimize recovery of mature offshore fields

Petrobras informs that it signed the Heads of Agreement (HoA) with the Norwegian company Statoil, in continuity to the Memorandum of Understanding signed in Aug. 30, 2016, through which the companies committed themselves to assessing cooperation opportunities aligned with their business strategies.

Petrobras acquires seven blocks in 14th round of ANP bidding

Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held yesterday by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of which offshore and one onshore. The company will be the operator in all blocks, including the offshore blocks, where Petrobras will hold 50% participation, in partnership with ExxonMobil.

Murphy Oil announces strategic entry into deepwater Brazil

Murphy Oil Corporation has announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploração E Produção De Petróleo E Gás Ltda. (Murphy), has entered into a farm-in agreement with Queiroz Galvão Exploração e Produção S.A. (QGEP) to acquire a 20% working interest (WI) in Blocks SEAL-M-351 and SEAL-M-428.

Shell, Petrobras strengthen deepwater partnership in Brazil's pre-salt fields

Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.

CGG starts Espirito Santo IV survey offshore Brazil

CGG announces the start of work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo basin offshore Brazil.

Petrobras discovers oil accumulation in Campos basin pre-salt layer

Petrobras has reported the discovery of oil accumulation in the Campos basin’s pre-salt layer, in the area of Marlim Sul field.

Oil & Gas in the Capitals

Mauro Nogarin, Contributing Editor

Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.