Brazil ///

Mexico’s moratorium on oil auctions gives rival Brazil an edge

Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana.

New managing director to head Wintershall Dea in Brazil

Change at the top of Wintershall Dea in Brazil: Valerie Bosse is the new managing director of the Wintershall Dea Business Unit Brazil and is responsible for all previous Wintershall and DEA activities in the country.

World of oil and gas

Emily Querubin, World Oil

Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.

Equinor, partners fully align interests in Carcará oil discovery in Brazil

Equinor and Barra Energia have completed their transaction announced on July 4, 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total consideration of $379 million.

Rosneft project in the Solimões basin gets priority status

The government of the Brazilian state of Amazonas assigned the priority status to Rosneft’s project in the Solimões basin.

Petrobrás makes biggest gas discovery in the Sergipe basin since 2006

Petrobras has made its biggest discovery in the Sergipe since the pre-salt in 2006. Of six fields, it expects to extract 20 MMcmd of natural gas, equivalent to a third of the total Brazilian production.

Libra Consortium takes FID on Mero-2 FPSO in Brazil’s pre-salt

Libra Consortium has announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at Mero field offshore Santos basin in Brazil.

SBM Offshore awarded LOI, operate contracts for FPSO Mero 2 lease

SBM Offshore has announced that it has signed a Letter of Intent (LOI), together with Petróleo Brasileiro S.A. (Petrobras), for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at Mero field in the Santos basin offshore Brazil, 180 km offshore Rio de Janeiro.

Petrobras elects new officer to board of directors

Petróleo Brasileiro S.A. - Petrobras reports that its board of directors, at a meeting recently, elected Mr. Roberto Furian Ardenghy for the position of chief institutional relations ffficer.

Brazil's ANP identifies opportunity to postpone oil and gas auctions in 2019

There is room to discuss postponement of at least one oil and gas auction in 2019.

Brazil wants to double gas outflow from pre-salt formation

New routes to deliver the natural gas produced in the pre-salt could require $2 billion in investments, according to the Energy Research Company (EPE).

McDermott awarded EPCI contract by Petrobras for Sepia Field Project

McDermott International, Inc. has announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 mi (280 km) from the Rio de Janeiro coastline in Brazil.

Subsea technologies to be explored in Brazil

Industry body Subsea UK is inviting UK organizations to participate in the ‘UK and Brazil: Partners in Energy’ trade mission, which takes place in June.

Petrobras receives investment from top Brazil hedge fund as they "buy low"

One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petroleo Brasileiro SA.

Petrobras executes three agreements for sale of assets totaling $10.3 billion

Petrobras executed three sale and purchase agreements to sell assets in the total amount of $10.3 billion (R$40 billion). In 2019, considering the signed transactions and the closed one, the total amount of asset sales is $11.3 billion.

Brazil's Pre-salt Exclusive Economic Zone discussion postponed for 2020

The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast.

Total plans four new wells in Lapa field, offshore Brazil

Total plans four new wells in Lapa field, offshore Brazil.

Halliburton awarded Shell Offshore exploration contract in Brazil's Campos, Santos basins

Halliburton awarded Shell Offshore exploraiton contract in Brazil's Campos, Santos basins

Brazil to pay Petrobras $9 billion in oil contract settlement

Petrobras will get $9.06 billion to settle a deepwater contract dispute with the government, ending years of negotiations and paving the way for the majors to access crude deposits in the area.

Forum secures ROV contracts for DOF Subsea's Brazil projects

Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs).