WorldOil Golar Power enters alliance with Galileo to promote LNG in Brazil With this initiative, Golar Power intends to increase the share of local LNG in its supply and accelerate energy transition towards a cleaner energy chain with a lower carbon footprint in Brazil: switching from diesel fuel, liquefied petroleum gas or heavy fuel oil to natural gas. Underperforming offshore wells rack up over $100 billion in abandonment liabilities worldwide Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap. Ample storage and a recovering China insulate Petrobras from the oil glut Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime. Weatherford tallies three deepwater firsts offshore Brazil Weatherford International saved an operator 27.5 hours of deepwater rig time with an Integrated Completion Solution it developed to install downhole equipment in the Santos Basin, offshore Brazil. Sandvik lands first steel tube umbilical order offshore Brazil The milestone contract is significant for the offshore Brazilian oil and gas industry, which typically uses thermoplastic hose umbilicals. Regional Report: Brazil Short-term gains; long-term questions Equinor awards subsea integration alliance integrated FEED contract for Bacalhau field Schlumberger announced today an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil. Brazil stays out of OPEC to maximize its output expansion Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. TGS completes new multibeam and coring program in Brazil’s Campos and Santos basins TGS announced the completion of a new multibeam and coring program covering over 213,0000 square kilometers in the Campos and Santos basins of offshore Brazil. SBM signs 22-year FPSO contract with Petrobras FPSO Sepetiba will be deployed at the Mero field in the Santos basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. Delivery is expected in 2022.