Brazil
News
July 08, 2015
In November 2011, BG’s Brasil’s well engineering team and Petrobras set out an ambitious target at a historic drilling performance workshop—to drill ultra-deepwater, pre-salt wells from spud to final depth in 30 days at a cost of less than $30 million.
News
July 07, 2015
Rosneft Brasil—a wholly owned subsidiary of Rosneft—and PetroRio have received approval from Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for Rosneft Brasil to acquire an additional 55% interest in the Solimoes project.
News
July 07, 2015
British Columbia is pledging to cap levies on Petroliam Nasional Bhd.’s gas export project as it expects to collect C$9 billion ($7.1 billion) from the venture by 2030.
News
July 06, 2015
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them.
News
July 06, 2015
The floating production, storage and offloading unit (FPSO) Cidade de Itaguaí is now anchored in the Iracema Norte area of Lula field, in the pre-salt layer of the Santos basin, off the coast of Rio de Janeiro.
News
July 03, 2015
Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said.
News
July 02, 2015
PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.
News
June 30, 2015
Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.
News
June 29, 2015
Petroleo Brasileiro SA cut its five-year spending plan by 37% and lowered oil output targets as Brazil’s state-controlled producer battles the industry’s heaviest debt load and a slump in crude prices.
News
June 17, 2015
Petroleo Brasileiro management is supporting a proposal to remove its obligation to operate all oilfields in Brazil’s so-called pre-salt offshore area, according to two people briefed on the matter.
News
June 15, 2015
Petrobras’ pre-salt production in May set two new monthly output records, the company said Friday.
News
June 12, 2015
Petrobras has completed an analysis of the factors that contributed to the fatal accident on board the Cidade de São Mateus FPSO in February, the company announced Friday.
News
June 06, 2015
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.
News
June 03, 2015
Petrobras informs that well 3-SES-189, located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultra-deep waters.
News
May 30, 2015
Petrobras has announced that the drilling of the second well in Carcará area (Block BM-S-8), at Santos basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs.
News
May 28, 2015
Brazil’s state-controlled oil company Petroleo Brasileiro abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.
News
May 27, 2015
Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.
News
May 27, 2015
SALVADOR, Brazil -- BG Brasil and Senai CIMATEC have unveiled the fastest ever supercomputer in Latin America at the Senai CIMATEC Supercomputing Center for Industrial Innovation in Salvador, Bahia.
News
May 21, 2015
Parnaiba Gas Natural SA, Brazil’s biggest independent natural gas producer, is investing 1.5 billion reais ($500 million) in projects, including developing five fields in the country’s northeast.
The producer, backed by Cambuhy Investimentos, which counts Brazilian billionaire Pedro Moreira Salles as an investor, expects the plan to increase gas output 71%, to 8.4 MMcmd (297 MMcfd) by July 2016, said Henrique Rzezinski, institutional relations vice president of the company, known as PGN
News
May 20, 2015
Rosneft Brasil and PetroRio (the new brand of HRT Participações em Petróleo S.A.) have announced the signing of the Rosneft Brasil transaction to acquire PetroRio’s 55% in the Solimões project.
News
May 16, 2015
Petroleo Brasileiro SA, the state-run oil producer battered by months of bad publicity from a corruption probe and asset writeoffs, reported some surprising good news.
