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Tuesday, May 21, 2019
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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...

Pipeline leak forces Petrobras to halt production at P-25 platform

Brazil's state-run oil company, Petrobras, said Monday it has halted production at platform P-25 in the Albacora field after identifying an oil spill from...

Brazil gov’t to pay Petrobras $9 billion in oil contract settlement

Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the...

TechnipFMC secures subsea contract for Lapa Pre-Salt Field in Brazil

UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the...

Brazil oil regulator announces details on October deepwater oil auction

(Reuters) Brazil's oil regulator ANP on Monday announced details of the 16th-round auction of oil areas under the concession regime, stipulating a higher bonus...

Brazil overtakes Russia as top supplier to China’s independent refineries in...

(S&P Global Platts) Surpassing Russia, Brazilian crude oil shipments for China's independent refineries topped the list in February at 2.17 million mt, S&P Global...

Why billions of barrels of oil go untapped in Brazil

(Bloomberg) There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months....

Liza Phase 2 tops list for South America’s 2019 greenfield investments

South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service...