Reuters) Norway's BW Energy and Brazil's DBO Energy have sent bids for Petrobras' offshore oil cluster Golfinho PETR4; PETR3, two knowledgeable sources told Reuters. The oil company has sold dozens of assets in recent years – from oil pipelines to refineries – in order to reduce its debt and focus on oil production in deep... Continue Reading →
Baker Hughes nets major contracts from Petrobras for five offshore fields
Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Baker Hughes’ flexible... Continue Reading →
SBM Offshore closes financing for Exxon’s Payara FPSO
Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →
Enauta’s Output Doubles as Barra Exits Atlanta Field Offshore Brazil
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
Brazil’s Oil Boom Continues Unabated
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
Eco Atlantic Joins ExxonMobil’s Canje Block Off Guyana
Oil and gas company Eco Atlantic has agreed to acquire a stake in JHI Associates, which owns a share in the Canje block, offshore Guyana, where ExxonMobil is drilling for oil. Eco will acquire up to a 10% interest in JHI and appoint Keith Hill, a non-executive Director of Eco, to the JHI Board. "The... Continue Reading →
TechnipFMC Wins Subsea Contract for Petrobras’ Búzios 6-9 Fields
TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million, will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation... Continue Reading →
Enauta to see all-time high output volume following Atlanta field takeover
(Offshore Energy) Oil and gas company Enauta has revealed that the Brazilian Oil, Gas and Biofuels Agency (ANP) has approved the constitution of guarantees for the company to take over a 100 per cent stake in the Atlanta field off Brazil, doubling its oil production. Enauta said on Friday that the ANP has approved the... Continue Reading →
PetroRio’s Frade Field Plans Approved by ANP
Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil. The new development plan, approved by the national oil industry regulator ANP, allows the drilling of four production wells and three horizontal injection wells in the Frade Field. The ANP also authorized the... Continue Reading →
Foreigners already own 20% of oil and gas production in Brazil
With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
Brazil Energy Insight 