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TechnipFMC awarded EPCI contract for Statoil Peregrino Phase II project

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TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Norwegian multinational oil and gas company, Statoil. It covers the execution of the...

Keppel delivers 5th FPSO for MODEC; to be deployed offshore Brazil

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Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a...

Exxon bets on Brazil; buys 10 oil blocks in auction

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(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for...

Shell, Petrobras sign agreement to strengthen deep water partnership

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Royal Dutch Shell and Petrobras last week signed  in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in...

Shell begins deepwater production at newest FPSO in Brazil

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Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce Friday that deepwater production has...

Pressing issues addressed at opening of 26th La Jolla Energy Conference...

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The Institute of the Americas 26th annual La Jolla Energy Conference got underway today in San Diego, California marking the beginning of two days...

Brazil enacts new bidding rules for production sharing regime

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Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration...