5th Production Sharing Round: result for Tita (Santos Basin) - Exxon Brasil (64%), QPI Brazil (36%). Signature bonus: R $ 3.125 billion.   5th Production Sharing Round: result for Pau-Brazil (Santos Basin) - BP Energy (50%), CNOOC Petroleum (30%) and Ecopetrol (20%). Signature Bonus R $ 500 million.   5th Production Sharing Round: result for... Continue Reading →

Total SA is among a growing chorus that sees $100-oil on the horizon. But the French energy giant isn’t thrilled about it. CEO Patrick Pouyanne sees supportive elements, such as looming sanctions on Iran and disruptions in Venezuela, that are stripping supply from the market and pushing prices back into triple digits for the first... Continue Reading →

Transocean said on Friday that the contract extension was for the ultra-deepwater drillship Petrobras 10000. The company added that the contract was extended by 790 days and that the vessel would work offshore Brazil. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September... Continue Reading →

Oil majors are set to gather in Rio de Janeiro on Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry. The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring... Continue Reading →

Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company’s chief executive officer in Brazil, Carla Lacerda, said on Thursday. Exxon also sees new opportunities in Brazil’s biofuels, bioenergy and gas sectors, Lacerda said during a panel discussion at... Continue Reading →

09/27/18 Libra 2 with ten Brazilian modules With the imminent end of the construction of the P-76, Techint is running out of time to seek new offshore construction contracts. In an interview with BE Petróleo, the company's commercial director, Luís Guilherme de Sá, says that the next feasible opportunity to bring works to Brazil is... Continue Reading →

09/27/18 Açu Petróleo negotiates VLCC charter to store 2 million b / d in São João da Barra, Rio de Janeiro.   Brazil will get its first private oil tanking terminal in the first quarter of 2019. It will be located at the Açu Petróleo terminal in Açu Port, in São João da Barra (RJ),... Continue Reading →

September 27, 2018 Total expects to more than triple its production of oil and gas in Brazil in the next four years. The company's new president, Arnaud Breuillac, announced that the company's goal is to reach a production of 100,000 barrels per day of oil equivalent (BOE / day) in the country in 2022. Currently,... Continue Reading →

  September 27, 2018 Karoon began the environmental licensing of its shallow water production project in the Santos Basin. The company filed an application with IBAMA for the project to produce oil in the Neon and Goiá fields, 240 km off the coast of the state of São Paulo, areas from the exploratory blocks SM-1037... Continue Reading →

  Sep, 2018 The Dutch company SBM Offshore is also keeping a close eye on the energy transition that the world is going through. The company presented some of its plans for renewable energy and also for the natural gas market, considered by many as a transition fuel for a cleaner matrix. SBM Offshore's business... Continue Reading →