Brazilian oil company Petrobras has decided not to sell its deepwater assets in the Sergipe-Alagoas Basin offshore Brazil, originally put up for sale in 2018.The company said Saturday it had decided to conclude the competitive process, which was in the binding phase…
Brazil's newly appointed mines and energy minister, Adolfo Sachsida, said on Wednesday he will request studies on Petrobras' privatization as his first act in office.'I request the beginning of the studies pending the proposal of the legislative changes necessary for the Petrobras' privatization…
Oslo-listed offshore accommodation firm Prosafe said Wednesday it had been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel.The contract, subject to a…
Brazilian President Jair Bolsonaro removed Bento Albuquerque from his role as mines and energy minister early on Wednesday, according to an announcement in an official gazette, and Economy Ministry official Adolfo Sachsida will replace him.Albuquerque…
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software.CGG said the…
Brazilian oil company PetroRio announced on Tuesday it entered into an agreement with U.K.-based Aquadrill to acquire the semi-submersible drilling rig Capricorn for $40 million.The Friede & Goldman ExD millennium design rig was delivered in…
Brazilian oil company Petrobras has started the binding phase for the sale of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe.Petrobras said last month it was relaunching the the sale process of its stake in the Tartaruga field…
A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate.'The joint venture encountered hydrocarbons in multiple zones…
U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed…
Australian oil and gas company Karoon Energy has extended the contract for the use of Maersk Drilling's Maersk Developer semi-submersible drilling rig offshore Brazil.Karoon Energy has exercised its option to add the drilling of up to two wells…
Guyana is in 'no rush' to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output.The government of South America's…
Offshore seismic data company ION Geophysical has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program…
Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people…
Brazil's government is trying to add the 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The Ametista block is located…
Offshore accommodation specialist Prosafe has won a four-year contract with the Brazilian oil company Petrobras for the provision of the Safe Notos semi-submersible accommodation rig.Petrobras will use the accommodation unit for safety and maintenance support offshore Brazil…
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