Brazil
News
February 16, 2016
Petro Rio said Tuesday that Royal Dutch Shell has cancelled an agreement to sell an 80% stake in Bijupirá and Salema fields to the company.
News
February 16, 2016
Petrobras has begun operating the Cidade de Maricá FPSO in Lula field in the pre-salt layer of the Santos basin.
News
February 15, 2016
Royal Dutch Shell Plc. has made Brazil one of its top three countries after completing a merger with BG Group Plc, and sees the South American nation’s deepwater fields remaining competitive for years to come.
News
January 29, 2016
Oil and gas fields already paid for and in production can sustain Brazilian state-run company Petroleo Brasileiro SA for two to three years of low prices, a board member for the firm told reporters on Friday.
News
January 22, 2016
Keppel Corp.’s uncertainties about the oil-rig market are set to continue after a key customer in Brazil that has fallen more than a year behind on its bills postponed a meeting on restructuring.
News
January 07, 2016
Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100 km off the coast of Rio de Janeiro.
News
December 23, 2015
Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term, according to GlobalData.
News
December 23, 2015
Petrobras has concluded two formation tests in the 3-SPS-105 well, confirming the high productivity of the pre-salt carbonate reservoirs.
News
December 11, 2015
The head of Brazil’s troubled oil giant is carving a path through the worst oil rout in a generation that would look familiar to producers throughout the U.S. shale patch: focus on the core.
News
November 06, 2015
Fugro has taken delivery of the new ROV support vessel (RSV) Fugro Aquarius, the most advanced vessel of her type built in Brazil.
News
November 06, 2015
Petrobras has managed to reduce the impact of the strike on its operations by implementing its contingency plan, the Rio De Janeiro-based company announced Thursday night.
News
November 04, 2015
Brazil’s daily oil production has fallen by about 500,000 bbl as oil workers strike to protest austerity measures by state-controlled Petroleo Brasileiro SA that are resulting in job losses, the country’s main oil union said Tuesday.
News
October 29, 2015
Brazil will lead global growth in the Floating Production, Storage and Offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, research and consulting firm GlobalData said.
News
October 29, 2015
Sandvik has announced the opening of its South American hub in Rio de Janeiro to better meet the needs of clients, such as Petrobras and service companies.
News
October 28, 2015
Cutbacks by Brazil’s state oil company has one of its main suppliers exporting local talent to an unlikely location: Venezuela.
News
October 27, 2015
Technip was awarded a substantial (ranging from $110 to $276 million) contract from Libra Oil & Gas BV.
News
October 22, 2015
Production of oil and natural gas from facilities operated by Petrobras in the pre-salt layer exceeded 1 MMboed during September, with output averaging 1.028 MMboed, and reaching a record level of 1.12 MMboed on Sept. 15.
News
October 22, 2015
CGG announced Thursday that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas basin in the Equatorial Margin of northern Brazil in early November.
News
October 15, 2015
The consortium responsible for the Libra oil field in the Santos basin pre-salt has completed the drilling of well 3-BRSA-1310-RJS, in the central area of the block.
News
October 07, 2015
Brazil’s first auction of oil and natural gas exploration rights in two years got off to a weak start with three of the first four basins offered receiving no bids.
News
October 06, 2015
Brazil will auction crude-exploration blocks on Wednesday for the first time since a colossal corruption scandal crippled the nation’s oil industry and forced state-run Petroleo Brasileiro SA to scale back investments.
