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Expanding output from the pre-salt province starts to bear fruit for the Brazilian company Petrobras, the Brazilian state-owned oil company, recorded strong production performance across the third quarter, as record figures in the pre-salt region helped boost the firm’s upstream portfolio. Total hydrocarbon output for the quarter reached 2.88mn bl oe/d, a 9.3pc increase over... Continue Reading →
Oct 23, 2019 (Reuters) - Brazilian police conducted raids on Wednesday in a new phase of the sweeping “Car Wash” corruption probe targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petroleo Brasileiro SA. Federal police and prosecutors said local Techint units Techint Engenharia e Construção SA and Confab Industrial... Continue Reading →
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. The Latin American oil powerhouse is rapidly developing a... Continue Reading →
Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations. In an interview on Monday, the head of Pre-Salt Petroleum, better known by its Portuguese acronym PPSA, said it is close to inking a deal in... Continue Reading →
Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →
October 21, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) published this Monday (21) a project summary of Brasil Refinarias to build a unit with capacity to process 735 barrels / day (117 m³ / day) in Bahia. According to information sent by the company to ANP, the unit is designed to... Continue Reading →
Switzerland’s top prosecutor filed its first indictment against an individual in the long-running Petrobras-Odebrecht corruption scandal, charging the unidentified person with bribing foreign public officials and money laundering. The case against the person of Swiss-Brazilian origin is being run using an accelerated procedure at the Swiss Federal Criminal Court, the Attorney General’s office said in a statement... Continue Reading →
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
Oct 21, 2019 The National Council of Energy Policy - CNPE, approved the blocks for the 17th Bidding Round, in the Concession modality, scheduled for 2020. 128 blocks will be offered in the maritime sedimentary basins of Pará-Maranhão, Potiguar, Campos, Santos and Pelotas, totaling 64.1 thousand km². The blocks selected for the event are in... Continue Reading →
Houston-based Helix Energy Solutions recorded an increase in its quarterly profit boosted by higher utilization in the well intervention business in the Gulf of Mexico and Brazil. In its quarterly report on Monday, Helix said it had recorded a net income of $31.6 million for the third quarter of 2019 compared to $27.1 million for... Continue Reading →
