Brazil News

 

Petrobras Awards Long-term Charters for Seadrill Drillship Duo

Nov 26, 2021

Offshore drilling company Seadrill has won two contracts with Brazil's Petrobras for the West Carina and West Tellus drillship.The two rigs will work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with an expected start in September 2022. The total contract value for the two contracts is approximately $549 million, including mobilization revenue and additional services…

Suriname Will Give Brazil's Petrobras Priority in Oil Exploration - Bolsonaro

Jan 21, 2022

Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…

Brazil, Guyana, and Suriname In Energy Alliance Push

Jan 20, 2022

The heads of state of Brazil, Guyana, and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources.Brazil's President Jair Bolsonaro…

Brazil: Equinor Awards Long-term Charters for Solstad PSV Duo

Dec 06, 2021

Norwegian oil and gas company Equinor has awarded Solstad Offshore new long-term charters for two platform supply vessels in Brazil.Solstad said Monday that Equinor had awarded it new deals for the Far Scotsman and the Sea Brazil platform suppliers…

No Plans to Join OPEC, Brazil's Energy Minister Says

Nov 17, 2021

Brazil has no plans to join the Organization of the Petroleum Exporting Countries (OPEC) for now, although it is working with the producer group, its energy minister said on Wednesday.Brazilian President Jair Bolsonaro said in 2019 he wanted his country to join OPEC…

Malaysian FPSO Firm Yinson Signs $5.2B LoIs with Petrobras for IPB FPSO Charter and Operations

Nov 15, 2021

Malaysian FPSO supplier Yinson has signed two letters of intent with Brazilian oil company Petrobras for the charter, operations, and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin…

BW Energy: No Formal Decision on Petrobras' Assets Buy

Sep 27, 2021

Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…

Exxon Investing in Brazil's Offshore Fields to Reduce CO2 Emissions

Aug 19, 2021

Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.Exxon's board is considering a pledge to cut…

Chevron Sees Brazil's Pre-salt Oil as Prize Asset

Aug 17, 2021

Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The 'pre-salt chapter' might be the most important development in Chevron's more than century-long presence in Brazil…

Report: Official Says Brazil's Lower-carbon Oil projects Can Attract Majors

Aug 17, 2021

Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview.Brazil oil…

GlobalData: Brazil to Lead Offshore Oil and Condensate Output in 2025

Aug 13, 2021

Energy intelligence firm GlobalData expects Brazil to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025…

TechnipFMC Wins Subsea Contract for Petrobras’ Búzios 6-9 Fields

Jun 29, 2021

TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil.TechnipFMC, which called the award is 'substantial', worth between $250 million and $500 million…

MSS Wins Libra Consortium Contract in Brazil

Jun 21, 2021

Maersk Supply Service reports winning a solutions project contract for the Libra Consortium in Brazil for the pre-lay of anchors to a newbuild FPSO in Brazil, a project integrating engineering, procurement, construction and installation (EPCI)…

Aker Solutions Awarded 'Large' Subsea Service Deal with Petrobras

Jun 09, 2021

Norway's Aker Solutions has signed 'a large' framework agreement with Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years…

Equinor Sanctions $8B Bacalhau Field Development in Brazil

Jun 01, 2021

Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil.The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects…

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