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Petrobras to sell stake in Brazil field

(Zacks) Petrobras PBR and minority partner Chevron CVX announced plans to sell their stakes in the Papa-terra deep-water oilfield located in Brazil’s Campos Basin. Per...

MODEC to supply largest ever FPSO to Brazil for production at...

MODEC, Inc.  said Thursday it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to...

Brazil to stay out of OPEC to make the most of...

(Bloomberg) Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. The South American...

MoU signed between India and Brazil for oil and gas exploration

(Offshore Technology) Indian Prime Minister Narendra Modi’s Union Cabinet has approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector. As...

Brazil’s Petrobras closes $1.5 billion deal to sell stake in African...

(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of...

One dead, five injured after ingesting toxic liquid on Brazil-bound FPSO

Dutch dredging and heavylift company Boskalis said in a statement on Thursday that an incident occurred earlier this week on board an FPSO which is currently...

Petronas wraps up acquisition of two deepwater fields in Brazil

Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the...

Brazilian northeast beaches hit by second oil spill

(Reuters) - Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country’s navy said on Monday,...

Brazil’s oil, natural gas output soars to record high in November

(S&P Global) Brazilian crude and natural gas production soared to a fresh record high in November as oil output topped 3 million b/d for...

Stabroek Block, Santos Basin set to add over 2.5 million b/d...

The prolific Stabroek Block offshore Guyana and neighbouring Brazil’s Santos Basin will add millions of barrels of oil to global production by 2025, industry...