Brazil ///

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).

Petrobras sells 90% stake in gas pipeline for $8.6 billion

France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec have agreed to buy Petroleo Brasileiro SA's 90% stake in a natural gas pipeline unit for $8.6 billion.

Gazprom Neft, IBM Research Brazil enhance geological processing with AI

More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills in a research project,

Equinor Brasil president wants an open gas market according to Quest Offshore

Margaret Øvrum recalls that investment depends on viability, "With a monopoly, you do not get the right price."

Brazil said to see Petrobras payout surpassing $18 billion

Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013.

Açu Petróleo signs contract with Equinor for ship to ship in Port of Açu

Açu Petróleo (a partnership of Prumo Logística and Oiltanking) and Equinor signed a contract for oil transshipment services at the Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro.

Petrobras seeks to trim budget by cutting jobs, marketing

Petroleo Brasileiro SA plans to implement a voluntary redundancy program and cost-cutting measures aimed at shaving $8.1 billion off its budget for the next five years.

Petrobras reports January's oil and gas production

Petrobras informs that in January its total production of oil and gas, including natural gas liquids (NGL), was 2.61 MMboe/y, of which 2.54 MMboed produced in Brazil and 73 Mboed abroad.

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior.

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.