Brazil ///

CGG awarded Equinor OBN imaging contract in Brazil

CGG has been awarded a major contract by Equinor for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km (158 sq mi) currently being acquired in Brazil’s deepwater Santos Basin.

Baker Hughes awarded subsea contract for Petrobras’ Marlim and Voador fields in Brazil

Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil.

Maersk Drilling secures four-well intervention contract for Mærsk Developer in Brazil

The contract is expected to commence in the first half of 2022, with a firm duration of 110 days. The value of the firm contract is approximately USD 34m, including rig modifications and a mobilization fee.

Novel flexible pipe overcomes challenges in pre-salt subsea developments

Andre Macedo, Mauricio Brandao, Baker Hughes

An innovative technological solution has overcome flexible pipe corrosion cracking in high CO2 content fields, including Brazil’s pre-salt offshore developments. The new pipe system is verified to extend service life by at least 50%, compared to standard flexibles.

Baker Hughes pioneers flexible pipe solution to overcome stress corrosion cracking

Baker Hughes has reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.

Forum Energy Technologies appoints Brazilian partner to support growth in South America

Forum Energy Technologies has entered into a partnership with Brazil’s Deepsea Technologies Equipamentos Industriais Ltda as part of their long-term growth strategy in South America.

Regional Report: Brazil

Mike Slaton, Contributing Editor

Despite a Covid-19 hit that sidelined many field operations, Brazil’s 2020 mid-year figures appeared to put production on track for another yearly gain dominated by the pre-salt.

Analyst downgrades erase $18B of Petrobras stock value

Bradesco BBI, BTG Pactual, Credit Suisse, JPMorgan, Nau Securities, Santander, Scotiabank and XP Investimentos cut their ratings on the shares after Brazilian President Jair Bolsonaro on Friday decided to fire the oil company’s CEO following a spat over hikes in fuel prices and moved to appoint Joaquim Silva e Luna, a former army general, as a replacement.

Tenaris to supply Subsea 7 with coated risers and flowlines for Brazil’s Bacalhau offshore field

Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project, operated by Equinor and located 115 miles off the coast of São Paulo in Brazil.

Petrobras matched Kuwait’s oil production in 2020

In a year that brought the U.S. shale industry to its knees, the Brazilian state-run giant pumped an all-time-high 2.3 million barrels a day of crude, according to a statement Thursday. That’s about the same as OPEC member Kuwait.

Brazil’s fuel demand surpasses 2019 levels, with more growth for 2021

Brazil’s surge in oil demand is a welcome development for a global market that’s been forced to push back expectations for when energy demand might get back to pre-virus levels.

Brazil’s Petrobras CEO doubts decarbonization by “magical year” 2050

Petrobras CEO Roberto Castello Branco's stance more or less echoes those of U.S. oil giants Exxon Mobil and Chevron, which have emission reduction plans but have been outspoken about their focus on crude.

TGS announces new Brazilian seismic acquisition projects

TGS will mobilize the COSL vessel HYSY720 to commence acquisition of the Espirito Santo 3D survey by year-end.

All-in for the Brazilian oil and gas industry

Ricardo Giamattey, Bruce Crager, Endeavor Management

Part 2: In this second and final installment, the authors examine a potential rebuilding of onshore production, the likely need for some offshore decommissioning, and the status of the country’s alternative fuels.

PJ Valves signs two Brazilian FPSO supply deals

The specialist manufacturer and supplier of valves for the global energy industry has been awarded two significant FPSO valve contracts for projects in Brazil. The company will manufacture and supply valves packages to both projects in the Santos and Campos basins.

Oceaneering wins Petrobras BOP tethering services contract

Oceaneering International has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year.

API signs MOU with Brazilian technological, certification and standardization group

API signed a Memorandum of Understanding (MOU) with the Brazilian technological, certification and standardization group, ABENDI, to collaborate on industry standardization with the goal of enhancing safety, environmental protection and sustainability.

Prumo, bp and Siemens enter into partnership with SPIC on Brazil LNG projects

Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.

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.