Brazil ///

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.

Suretank Brazil aims to revolutionize chemical transportation for oil and gas

Suretank Latin America has entered into a partnership agreement with Pinamak aimed at dramatically reducing operating costs in the transportation of chemicals to offshore platforms.

Karoon approves FEED for Echidna oil discovery in Santos basin, Brazil

Karoon Gas Australia Ltd. is pleased to announce that its Board has approved the development concept for the Echidna light oil discovery, progressing the project to the next phase in the development, Front-End Engineering and Design (FEED).

Subsea 7 awarded contract extensions offshore Brazil

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.

CGG wins Brazil data processing contract for world’s largest seabed seismic survey

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.

Brazil mulls easing local content rules in older oil contracts

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.

Statoil secures Seadrill rig for exploration drilling in Brazil

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.

Statoil strengthens position in Brazil with $379-million transaction

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.

Petrobras awards two-year contract to Fugro in Brazil

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.

Brazilian study urges Petrobras to cut Bolivian natural gas purchases

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.

OPEC gets another supply headache from surging Brazilian exports

Brazil’s most crippling recession on record is complicating life for OPEC.

Seatronics supports global oilfield engineering services provider with key Brazilian project

Seatronics has supported a global oilfield provider of engineered services and products, with a key project in Brazil through the supply of subsea equipment.

ITC Global initiates satellite communication on Brazil FPSO fleet following West Africa deployment

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.

Shell announces start of deepwater production at newest FPSO in Santos basin

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.

Petrobras to divest 100% stake in Brazil's Juruá field

Petrobras has begun the disclosure phase of the teaser regarding the transfer of Petrobras’ stake in the Juruá field, in the Solimões basin.

Petrobras posts net income of $1.4 billion in first quarter 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.

Heerema Fabrication Group secures contract for Peregrino II jacket

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.