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Massive discovered resource opportunities on offer in Brazil 2019 pre-salt bid...

The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds.  Timing for...

SBM signs letter of intent to lease and operate FPSO Mero...

SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero...

Mexico moratorium on oil auctions giving rival Brazil an edge

(Bloomberg) -- Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Mexico...

Petrobras, SBM sign LOI for Mero 2 FPSO

(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating...

Brazil facing offshore gas constraint issues

Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the...

Brazil’s subsalt frontier sets output records in April

(S&P Global Platts) Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the...

Brazil’s Petrobras nears sale of offshore oilfields

Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run...

Stabroek co-venturer CNOOC looking to expand presence in Brazil

Chinese oil company CNOOC Ltd, a co-venturer in Guyana’s Stabroek Block, wants to expand in Brazil and is considering bidding in an auction of...

Petrobras earnings take a hit

(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued...

Brazil government publishes additional rules regarding massive oil auction

(Reuters) - Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it...