A wave of renewed investment approaching the deep waters offshore Brazil has rekindled demand for new, highly-specialized vessels.Underwater service providers play a major role in maintaining offshore assets by performing diving operations and remotely operated underwater vehicle (ROV) surveys…
Brazil environmental regulator Ibama on Friday said it had denied a permit to French oil major Total SA to drill in the environmentally sensitive Foz do Amazonas Basin for a fifth and final time.Ibama said in a statement that it agreed with…
Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters.Roberto Castello Branco, named by president-elect Jair Bolsonaro's economic team to take the helm at Petrobras…
Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S. Paulo reported on Thursday, citing an unnamed source…
The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…
Brazilian state-run oil company Petroleo Brasileiro SA plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil.Petrobras intends to make $84…
Specialized offshore services provider Petrus Group was founded in Macaé, on the North Coast of Rio de Janeiro, the acknowledged oil capital of Brazil in 2009, during the oil boom caused by the early pre-salt discoveries. The company has since grown steadily in Brazil…
Brazilian investigators said on Wednesday that 'top executives' of trading giants Vitol , Trafigura and Glencore had full knowledge that their employees paid millions in bribes to executives of state-controlled oil company Petroleo Brasileiro SA in return for business…
U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…
Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday.The total divestment goal has not been approved yet and…
Energy services company Chet Morrison Contractors LLC said it has completed an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) work scope at the Iguana field development for Trinidad and Tobago’s newest upstream operator…
Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date.The agreement is in partnership with Ulstein Belga Marine…
Brazil's state-controlled oil company Petroleo Brasileiro SA said Wednesday it had signed agreements to cease participation in several oil fields in Brazil's northwest region.The company said it had reached a $370 million deal with Perenco to cease its operations in the Polo Nordeste…
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records…
Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…
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