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Petrobras makes new discovery in Brazil’s pre-salt

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Petrobras said on Friday it has identified the presence of hydrocarbon in a pioneer well in the CM-411 block, located in the Campos Basin...

Baker Hughes expanding digital capabilities, reducing emissions in new order with...

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Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions across the state oil company’s...

SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

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Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state...

Brazil’s Petrobras produced record 2.28 million bpd in 2020

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Brazil’s state-run oil company Petrolero Brasileiro SA produced a record 2.28 million barrels of oil per day on average in 2020, according to a...

Brazil’s Petrobras strikes high-quality oil at Búzios field

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Brazil state-oil company Petrobras has made a discovery of high-quality crude at the Búzios field, in the Santos Basin. The company confirmed Tuesday the...

Brazil’s Petrobras targets oil output of 2.7 million b/d by 2025

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(S&P Global) Brazilian state-led oil company Petrobras plans to spend $55 billion over the next five years to develop subsalt fields that will boost...

BP drops operatorship of sensitive exploration block offshore Brazil

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(S&P Global Platts) BP has handed over operatorship of an environmentally sensitive exploration block offshore Brazil in the Amazon Delta to state-run oil company...

Oceaneering bags BOP tethering services contract from Brazil’s Petrobras

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Oceaneering International Inc. announced Tuesday that it has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year...

Brazil’s Supreme Court maintains Petrobras E&P divestment rules

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(S&P Global) Brazil's Supreme Court maintained 2018 regulations that allowed state-led oil company Petrobras to sell exploration and production assets, in a...

Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

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TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting...