Brazil

Petrobras’ troubles highlight bleak prospects for Brazil to 2020

Submitted by Editorial staff on 5th January 2016

05th January 2016

Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term, according to an analyst with research and consulting firm GlobalData.

Despite corruption probes, Brazil will drive global growth in FPSO industry

Submitted by Editorial staff on 29th October 2015

29th October 2015

Brazil will lead global growth in the Floating Production, Storage and Offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, says research and consulting firm GlobalData.

CGG begins BroadSeis Survey in Brazil’s Barreirinhas Basin

Submitted by Editorial staff on 22nd October 2015

22nd October 2015

CGG will begin a BroadSeis survey in Brazil's Barreirinhas Basin

CGG has announced that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas Basin in the Equatorial Margin of northern Brazil in early November.

Petrobras to seek strategic partnership for distribution subsidiary

Submitted by Editorial staff on 13th October 2015

13th October 2015

Petrobras wholly-owned subsidiary, Petrobras Distribuidora (BR)

The Executive Board of Petrobras has approved the proposal to find a strategic partner for its wholly-owned subsidiary, Petrobras Distribuidora (BR).

New wells confirm Libra field potential

Submitted by Editorial staff on 13th October 2015

13th October 2015

The consortium responsible for the Libra oilfield in the Santos Basin pre-salt has completed the drilling of well 3-BRSA-1310-RJS, located in the central area of the block.

Fluor consortium clinches gas field EPC contract in Brazil

Submitted by Paddy Harris on 8th May 2015

08th May 2015

Fluor Corporation’s Brazil unit was part of a consortium awarded a contract by Parnaíba Gás Natural (PGN) for engineering, procurement and construction (EPC) of a natural gas field development project in the state of Maranhão, Brazil

Karoon Gas flows oil from Echidna-1 off Brazil

Submitted by Editorial staff on 7th May 2015

07th May 2015

Karoon Gas Australia Ltd announces the production test results from the Company’s most recent discovery, the Echidna-1 exploration well in the Santos Basin, Brazil.

Petrobras confirms Sergipe light oil discovery offshore Brazil

Submitted by Paddy Harris on 1st May 2015

01st May 2015

Petrobras has finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499

Karoon confirms Echidna-1 discovery offshore Brazil with wireline data

Submitted by Paddy Harris on 20th April 2015

20th April 2015

Karoon Gas has announced that a 213-metre gross oil column has been confirmed in the Echidna-1 exploration well from wireline pressure data across the Paleocene and Maastrichtian aged reservoir intervals