Brazil
News
August 12, 2021
Brazil alone is expected to contribute around 23% or 1.3 million barrels per day of global crude oil and condensate production in 2025 from key offshore planned and announced projects that are expected to start operations between 2021 to 2025, according to GlobalData.
News
August 09, 2021
Tenaris has been awarded the supply of a complete package of products, technologies and services for the Libra offshore exploratory block - renamed Mero 3 - in Brazil’s pre-salt, one of the largest deepwater discoveries in the world.
News
August 05, 2021
Brazil’s state-controlled oil company saw its earnings surge to a record for the second quarter, providing relief to investors who were rattled by a messy management change earlier this year.
News
July 26, 2021
Outside of the U.S. and OPEC, Brazil is set to add more crude production through 2026 than any other country. It wants to double crude output by 2030 to become the world’s fifth-largest exporter, and even if it doesn't hit that target, low-cost oil plays have positioned the country well to emerge as one of the world's most important sources for production growth.
News
June 15, 2021
Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems and subsea pipelines.
News
June 03, 2021
Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022.
News
May 10, 2021
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.
News
May 03, 2021
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.
News
April 28, 2021
CGG announced the delivery of the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt.
News
April 27, 2021
Seadrill Limited secured a four-year firm contract with four one-year options, for the West Saturn drillship with Equinor Brazil Energia Ltda for work on the Bacalhau field in Brazil.
News
April 20, 2021
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.
News
April 13, 2021
“At Petronas, we are continuously looking to create value with disruptive technologies that offer optimum solutions. Utilizing AVEVA Unified Supply Chain software, we have been able to adopt a more integrated business process, that optimizes our productivity, allowing us to deliver with less,” said Yusri Yusof, vice president of refining and trading at Petronas.
News
March 31, 2021
The revision, which mainly affects the next few months, follows a recommendation from OPEC Secretary-General Mohammad Barkindo that the coalition should remain very cautious.
News
March 30, 2021
Oil is poised to close out a fourth quarterly advance on Wednesday, but the past week has seen volatility climb amid the Suez Canal blockage. While fuel consumption is rising in many parts of the world, risks remain, with the head of the U.S. Centers for Disease Control and Prevention warning of “impending doom” as cases and deaths in the country pick up.
News
March 30, 2021
The coalition led by Saudi Arabia was widely criticized three weeks ago when it rebuffed calls to revive some of the crude production halted during the pandemic. As OPEC prepares for another decision on oil output, the producers believe their defiantly cautious approach is paying off.
News
March 22, 2021
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.
News
March 19, 2021
Siemens Energy was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression aboard an FPSO that will operate offshore South America starting in 2024.
News
February 20, 2021
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.
News
January 26, 2021
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.
News
January 08, 2021
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.
News
December 09, 2020
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.
