Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Diamond Offshore has won its case in a Brazilian court against the state oil firm Petrobras regarding the early termination of the Ocean Valor semisubmersible. Image of the Ocean BlackHawk, from Diamond Offshore…
Petrobras and Total have signed deals worth US$2.2 billion that will see Total take stakes in a number of Brazilian offshore fields and an onshore plant. Petrobras has agreed to give Total 22.5% in the Iara concession area, containing the Sururu…
Petrobras has achieved two new production records from its pre-salt reservoirs: a 1.28 MMb/d monthly production record and the 1.34 MMb/d record achieved on 4 January. Combined oil and natural gas production operated by Petrobras also reached a new record at 1…
Australia’s Karoon Gas is going back to court to defend its deal with Petróleo Brasileiro (Petrobras) for stake in two fields, following a rejection to lift the injunction made by the Brazilian state-owned company in the federal court of Sergipe…
Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in the Santos Basin. Image from Total. The licenses are the BMS-11 license…
Petrobras received nearly US$61 million ($204 million BRL) on Friday (18 November) in recovered funds stemming from the Lava Jato corruption scandal, with Petrobras President Pedro Parente expecting to win back a total of $1.6 billion ($5…
Australia’s Karoon Gas is in the middle of an injunction order by the Brazilian court regarding its deal with Petróleo Brasileiro (Petrobras) for the acquisition of two offshore fields, in which Petrobras intends to appeal. Image from Karoon…
Petrobras completed the first well in the Santos Basin’s Libra pre-salt field last week, with the anticipation of starting production next year, connected to the Pioneiro de Libra floating production and storage offloading (FPSO) unit. The West Carina…
After a thoroughly no good, very bad, couple of years for Brazil, the country is on the path to reform, and the first part starts with the country’s coveted pre-salt. Audrey Leon reports on what the opening means for the country and its state-owned oil company…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Petroleo Brasileiro (Petrobras) is once again decreasing its capex by 25%, the company revealed as part of its 2017-2021 business and management plan today (20 September). Libra operations. Image from Petrobras…
Petrobras has relaunched the bid process for its Libra Pilot floating production and storage offloading vessel (FPSO), following the cancelation of the previous bid process due to “an abnormally high price.” Image of Libra field operations…
Brazilian prosecutors have rejected the leniency agreement reached between SBM Offshore and Brazilian authorities in mid-July that could lead to a loss of US$12.7 billion. Image from SBM Offshore…
Norwegian giant Statoil and Brazilian giant Petrobras entered into a two-year memorandum of understanding (MoU) to strengthen cooperation between the two offshore Brazil. Statoil CEO, Eldar Sætre (left)…
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