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Statoil has completed a deal with Queiroz Galvão Exploração e Produção (QGEP) to acquire a 10% interest a block offshore…
Keppel Offshore & Marine, through its subsidiaries, has inked new contracts froom Petrobras and SOFEC, worth in total about US$96.22…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the…
Monday, 27 November 2017 04:17

Libra achieves first oil

Petrobras and its partners have achieved first oil from the mega pre-salt development Libra, the operator announced today (27 November).…
Monday, 20 November 2017 03:25

Statoil extends Archer Peregrino contract

Statoil has confirmed a three-year extension to its contract with Archer for platform drilling management services on the Peregrino A…
Thursday, 09 November 2017 14:26

Brazil approves bidding round picks

Brazil’s National Energy Policy Council has approved acreage to be offered in the 15thRound of Bids for Exploration, scheduled for…
An injunction stopping Petrobras selling 22.5% of its stake in the Iara area and transfering 35% stake in the Lapa…
Tuesday, 31 October 2017 10:08

Petrobras, BP to form strategic alliance

Petrobras and BP have signed a letter of intent (LOI) to jointly identify and evaluate business opportunities involving assets or…
Friday, 27 October 2017 15:18

Shell, Petrobras lead pre-salt auctions

Brazil held its 2nd and 3rd production sharing rounds concerning pre-salt areas today (27 October) where Shell and Petrobras were…
Friday, 27 October 2017 11:56

Exxon joins Statoil at Carcará

ExxonMobil will join Statoil as a partner offshore Brazil, buying half of Statoil's interest in block BM-S-8, which contains part…
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals,…
Friday, 20 October 2017 04:00

Petrobras picks MODEC for Sepia FPSO

MODEC has signed a contract for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with…
Tuesday, 17 October 2017 14:28

FairfieldNodal starts Libra survey

FairfieldNodal has begun a project to acquire and process high-resolution 3D marine seismic for the Libra consortium led by Petrobras,…
Spectrum Geoscience has started the Ceara Basin 2D multi-client seismic survey in the Equatorial Margins of northern offshore Brazil.  The…
Tuesday, 10 October 2017 11:34

Shell funds 4Subsea Brazil program

4Subsea has been awarded a Shell-funded contract to support COPPE, the center for engineering research and education at the Federal University…
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