Brazil ///

Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations

Mark Miksa, Halliburton

Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.

Aker Solutions wins services contract from Petrobras in Brazil

Aker Solutions won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market.

Petrobras, Total complete transfer of rights in Lapa and Iara concessions

Petrobras and Total announce that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017.

Petrobras comeback snubbed by former backer as election nears

Petrobras may be making progress in its plan to reduce debt, but a former shareholder in the state-controlled energy giant isn’t ready to jump back in quite yet.

Total launches large-scale development of giant Libra field

Total announces that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos basin in Brazil.

Statoil acquires 25% interest in Roncador field, tripling its production in Brazil

Statoil ASA and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos basin in Brazil. The transaction nearly triples Statoil's production in Brazil, with attractive break-evens and potential for additional value creation for both parties.

ExxonMobil, Petrobras form strategic alliance

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

The Global Offshore Brazil Summit is a must-attend event

Gulf Quest LLC, a joint venture between Quest Offshore and Gulf Publishing Company, is pleased to announce the first edition of the Global Offshore Brazil Summit (GOBS), which will be held June 11-13, 2018 at the Sheraton Grand, Rio de Janeiro, Brazil.

Blackstone said to offer $6 billion for Petrobras pipeline

Blackstone Group has teamed up with its Brazilian partner to compete for Petroleo Brasileiro SA’s natural gas pipeline network in the country’s northeast, said people with knowledge of the matter.

Newly named Mero field estimated to hold 3.3 Bbbl

Petrobras, as the Operator and acting on behalf of the Libra Consortium, announces that today it submitted the declaration of commerciality to the Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) regarding the oil accumulation located in the northwestern portion of Libra block, in the Pre-salt of the Santos basin.

CNOOC announces start of production at Libra Block

CNOOC Limited announced today Libra Block in Brazil has already started production.

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.