Brazil's state-run oil company Petrobras has agreed the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Brazil's subsidiary of UK-based oil and gas firm Perenco.Production from the two fields was interrupted in March 2020 and the respective platforms have been mothballed ever since.The amount to be received by Petrobras from the transaction is $10 million…
Petrobras and BP have signed Memorandum of Understanding (MoU) to promote cooperation and business opportunities between the companies.Petrobras and BP are partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central…
Brazil’s state-run energy company Petrobras signed a memorandum of understanding (MoU) with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition.The partnership also provides…
Petrobras, in a consortium with CNOOC, CNODC, and PPSA, has marked a new milestone with the Búzios field, which has reached 1 billion barrels of oil (bbl) produced since the start of operations in 2018.The milestone was reached on March 31,…
The U.S. will not renew a temporary license that widely eased sanctions on Venezuela's oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson said on Monday…
Thermoplastic composite pipe (TCP) technology company Strohm has secured a contract from ExxonMobil for the supply of pipes for the Whiptail project, offshore Guyana.This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana…
Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block.TechnipFMC will provide project management, engineering, and manufacturing…
Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field.The scope of the contract includes…
Norwegian company Miko Marine has secured a contract from Offshore Frontier Solutions, a MODEC Group company, for the supply of sea inlet covers for its new floating production storage and offloading (FPSO) Errea Wittu, being built for ExxonMobil…
Italian offshore energy services firm Saipem has received authorization to proceed with the execution of works for ExxonMobil’s Whiptail oilfield development project, in the Starbroek block offshore Guyana.The go-ahead from ExxonMobil Guyana…
SBM Offshore has secured a contract from ExxonMobil to construct and install the Jaguar FPSO for the Whiptail development project located in the Stabroek Block in Guyana.The ownership of the Jaguar FPSO will be transferred to ExxonMobil Guyana…
A Brazilian judge has suspended the chair of state oil firm Petrobras, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, a court decision seen by Reuters on Thursday showed.The ruling by Sao Paulo…
Enauta has signed a memorandum of understanding (MoU) with 3R Petroleum and Maha Energy regarding the potential transaction involving the integration of Enauta and 3R’s activities, which would create one of the largest oil and gas companies in Latin America…
Petrobras has discovered an oil accumulation while drilling the Anhangá exploratory well in the ultra-deep waters of the Potiguar Basin, located in the Equatorial Margin.The well, located in the POT-M-762_R15 concession, is the second discovery in the Potiguar Basin in 2024…
BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks.BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1…
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