Brazil ///

Brazil's burgeoning crude production is OPEC’s next headache

Brazilian supply boom poised to challenge OPEC’s efforts to balance the global market.

World of oil and gas

Emily Querubin, World Oil

The Huizhou 32-5 oil field comprehensive adjustment/Huizhou 33-1 oil field joint development project reportedly started production.

Airborne Oil & Gas strengthens its presence in Brazil

Airborne Oil & Gas announces that Renato Bastos has joined Airborne Oil & Gas, as V.P. Brazil, strengthening its presence in Brazil.

Shell, partners start deep-water production at Lula North in Brazil

Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin.

Petrobras has published its 2018 oil, natural gas production

Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd.

New Petrobras CEO rejects government intervention, vows increased oil production

The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.

Petrobras has produced 2.62 MMbbl of oil in Nov. 2018

Petrobras' total production of oil and gas in November, including natural gas liquids (NGL), was 2.62 MMboed, of which 2.52 MMboed were produced in Brazil and 100 Mboed outside.

Petrobras, Total advance in new strategic partnership deals

Agreement signed involves the sale of Petrobras' stake in the Lapa field and joint venture formation for onshore solar and wind projects in Brazil.

Minister of the year awarded to Wellington Moreira Franco

Moreira Franco has had a long, varied and distinguished career spanning decades in Brazilian politics and academia, starting out as a sociology professor at the Federal Fluminense University before making the move into politics as the Mayor of Niterói in 1977.

Bolsonaro seeks $30 billion Brazil oil boon where others failed

President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors.

Companies in the news

Michele Cowart, World Oil

Ashtead Technology has completed a subsea installation monitoring project for Subsea7 in support of Equinor’s Utgard development, in Blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.

Brazil gets oil windfall as output poised to soar

Brazil’s President-elect Jair Bolsonaro is staring at an oil windfall.

Shell adds new, deepwater production in Brazil

New, deepwater production is underway today at Lula Extreme South in the Brazilian Santos basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing.

Exxon makes major bet on Brazil as Petrobras eases its grip

Exxon Mobil has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro.

Aker Solutions wins subsea order for giant Mero field, offshore Brazil

Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

Exxon adds acreage to its deepwater portfolio offshore Brazil

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round.

Equinor contracts newbuilt shuttle tankers for Brazil's Roncador field

The crude oil production from the newly acquired 25% interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen).

Jumbo has been awarded an FSRU mooring system contract

Jumbo’s offshore division was awarded the contract by Sapura to perform the transportation and installation of the FSRU’s mooring system as well as project management and engineering services.

People in the industry

Michele Cowart, World Oil

Evy Glørstad-Clark has been appointed senior V.P., exploration, for Aker BP.

Aker Solutions wins services contract with Brazilian major

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos basin offshore Brazil.