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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).…
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…
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…
Petrobras has signed a heads of agreement (HoA) with Norway's Statoil to commit to assessing cooperation opportunities aligned with their…
Sunday, 01 October 2017 00:00

A balancing act

Balancing digitalization, decommissioning, and a need to remain relevant and the lower “for the foreseeable future” scenario made for a…
Published in OE: 2017 / October
Wednesday, 27 September 2017 11:31

Brazil sees success in 14th round

Brazil experienced a “historic day in the oil and gas sector” with its 14th Round, as the joint venture of…
Friday, 15 September 2017 10:42

Karoon still set on Brazil deals

Karoon Gas says it still intends to move forward with the proposed divestment deal with Petrobras for the Bauna and…
Tuesday, 12 September 2017 08:22

Shell, Petrobras ink pre-salt MoU

Shell and Petrobras signed a five-year memorandum of understanding (MoU) last week to establish a long-term mutual collaboration in developing…
Wednesday, 06 September 2017 00:24

Magma inks Odebrecht Brazil deal

Magma Global has signed an agreement with Odebrecht Oil & Gas to supply m‐pipe for the CMHR (Composite Multi-­‐Bore Hybrid…
Tuesday, 05 September 2017 00:06

OE17: Brazil needs you!

Brazil has been and remains a key stone in the global offshore industry, not least when it comes to deepwater…
Wednesday, 16 August 2017 11:40

DoJ closes Vantage investigation

The U.S. Department of Justice (DoJ) has closed its investigation into Vantage Drilling International over Vantage’s possible violations of the…
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