French oil major Total and Brazilian national Petrobras have finalized the US$1.95 billion transfer of interests in the pre-salt Santos Basin from Petrobras to Total. The companies called the move a “decisive milestone” in a strategic alliance…
Petrobras has released its new 2018-2022 business plan, in which the Brazilian giant has promised to maintain about the same level of investments in exploration and production (E&P) as it listed in last year's plan. Photo from OE/Audrey Leon…
Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente…
Norway's Statoil is set to triple its production in Brazil after agreeing to acquire a 25% stake in the Roncador oil field in Brazil's Campos Basin from Petrobras. Statoil CEO Eldar Sætre (left) and Petrobras…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the Brazilian operator announced on 30 November. Pioneiro de Libra FPSO…
Petrobras and its partners have achieved first oil from the mega pre-salt development Libra, the operator announced today (27 November). Libra is in the ultra-deep waters of the Santos Basin, 180km offshore Rio de Janeiro, Brazil. The…
Petrobras and BP have signed a letter of intent (LOI) to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and elsewhere, which include cooperation on upstream, LNG and downstream, with the purpose of developing a potential strategic alliance…
An injunction stopping Petrobras selling 22.5% of its stake in the Iara area and transfering 35% stake in the Lapa field, both offshore Brazil, to Total has been lifted. The sale and transfer were part of a Strategic Alliance agreement signed with Total in March this year…
Brazil held its 2nd and 3rd production sharing rounds concerning pre-salt areas today (27 October) where Shell and Petrobras were early winners. Shell will participate in three blocks, and operate two, while Petrobras will serve as operator for three blocks…
Shell and Petrobras signed a five-year memorandum of understanding (MoU) last week to establish a long-term mutual collaboration in developing pre-salt fields in Brazil that will focus on sharing technical and cost-efficient solutions. Libra…
Karoon Gas says it still intends to move forward with the proposed divestment deal with Petrobras for the Bauna and Tartaruga assets, and the development of Echidna. Map of Santos basin, from Karoon…
Brazil has been and remains a key stone in the global offshore industry, not least when it comes to deepwater production. Despite the recent turmoil it has faced, including low oil prices, debt woes and the Operation Car Wash investigation…
Petrobras’ insatiable deepwater production plays a significant role when it comes to driving global subsea systems demand. Elaine Maslin speaks with the firm’s subsea systems executive manager Cristina Pinho. Cristina Pinho…
Petrobras encountered oil at the Poraquê Alto well, marking the company’s first commercial oil discovery in the pre-salt layer of the Marlim Sul area offshore Rio de Janiero state, Brazil. Map of Marlim Sul…
After years of turbulence fueled by scandal and debt woes, Brazil and its oil company Petrobras detailed how they intend to get back on the right track. Melissa Sustaita reports. Fernando Coelho Filho…
Subscribe
