Brazil
News
January 02, 2023
Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 a.m.
News
January 01, 2023
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse.
News
December 28, 2022
The total acquisition consideration is $174.1 million, with a purchase price of $138 million, subject to specific adjustments, plus $36.1 million to be paid upon successful achievement of earnout milestones.
News
December 22, 2022
The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel. Mobilization is scheduled to start in Q2 2023 and acquisition is expected to be completed in early 2024.
News
December 21, 2022
Carmo Energy, a subsidiary of Cobra IS, will oversee the maintenance of these facilities and of the work to upgrade them to technical and environmental standards. It will be remunerated through their exploitation.
News
December 19, 2022
Petro-Victory re-entered the SJ-11 well, removed the failed progressive cavity pump system and equipped the well for production using a pumpjack. In addition, two additional reservoirs were penetrated to provide potential oil production gains to the existing open and proven oil zone.
News
October 05, 2022
Brazilian state-owned oil and gas producer Petrobras awarded Sembcorp Marine Rigs & Floaters Pte, a wholly-owned subsidiary of Sembcorp Marine, a $3.05 billion contract for the P-82 FPSO vessel through an international tender.
News
September 29, 2022
Wood, the global consulting and engineering company, has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor.
News
September 21, 2022
Radix Engineering and Software closed a R$49 million (approx. $9.5 million) contract with Petrobras to develop and maintain scientific software focused on Well Engineering and Subsea Engineering.
News
September 15, 2022
TechnipFMC has been awarded a significant engineering, procurement, construction and installation contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil.
News
August 30, 2022
Pioneer Consulting has been contracted by the Zemax-Planova Consortium to provide expertise related to the various oil and gas aspects of the Petrobras Malha Óptica project in Brazil.
News
August 18, 2022
National Oil Company Petrobras is focusing on output growth from pre-salt, following a trend of Brazilian oil independents raising output at fields the NOC already divested, Petroleum Economist reported.
News
July 15, 2022
Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019.
News
July 11, 2022
Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project.
News
June 08, 2022
Forum Energy Technologies (FET) has delivered two work-class ROV sales to Brazilian marine engineering company Oceanica Engenharia e Consultoria Limitada to support its deepwater intervention operations and strengthen its offering to the energy sector.
News
May 26, 2022
The FPSO Atlanta, contracted by Enauta to Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class.
News
May 16, 2022
Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center.
News
May 02, 2022
The FPSO Guanabara has an installed capacity of 12 million cubic meters of natural gas and 180,000 bopd and initially has six producing wells and seven injector wells connected to the field.
News
May 02, 2022
ApexBrasil is partnering with numerous companies and organizations to highlight the country's burgeoning leadership in the sector at the Offshore Technology Conference (OTC) in Houston, Texas.
News
April 29, 2022
Shell Brasil Petróleo, a subsidiary of Shell plc, signed a Production Sharing Contract to acquire a 25% stake of the Atapu field. Shell paid $1.1 billion to Petrobras for the increased stake in the field.
News
April 18, 2022
Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced.
