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European oil giants Statoil and Shell won four offshore blocks each in Brazil’s deep-water bid round held on Thursday. The round was historic in that it attracted the largest total signing bonus in Brazil’s history, R$8 billion – or 2.4 billion in U.S. dollars. Shell’s Brazilian subsidiary, Shell Brasil Petroleo, won four deep-water exploration blocks in the Campos... Continue Reading →
Last record in the concession rounds had been $ 3.8 billion. The National Petroleum, Natural Gas and Biofuels Agency ( ANP ) has so far raised R $ 8 billion in bonds with the auction of 22 oil and gas exploration blocks on Monday (29), and hit a new record in the rounds concessions (see below for... Continue Reading →
Exxon Mobil Corp roared into Brazil’s prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country’s choice reserves ahead of presidential elections later this year. Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block... Continue Reading →
Rio de Janeiro, March 29, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it has signed yesterday, with the Specific Purpose Entity (SPE) formed by the Chinese company Shandong Kerui Petroleum and the Brazilian company Método Potencial, a contract in the approximate value of R$ 1.95 billion for the construction of the Natural Gas... Continue Reading →
RIO DE JANEIRO, BRAZIL – MARCH 28, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$7,639,381,000 and €365,771,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Notes” and each a “series” of Notes), issued by its wholly-owned subsidiary... Continue Reading →
Six months after landing in Brazil along with giant ExxonMobil, American Murphy Oil is in search of more assets in the country. Company wants a field to call its own, assuming as operator, and preferably already in production. Murphy Oil is among those inscribed in ANP's 15th round of oil on Thursday, and is also... Continue Reading →
China's Shandong Kerui and the Brazilian Potential Method signed with Petrobras the contract for the construction of Comperj's Natural Gas Unit. The final value of the agreement is not yet known. In a tender promoted last year by the oil company, Shandong offered R$ 1.947 million to make the EPC (engineering, supplies and construction) of... Continue Reading →
Chevron is expected to split the well services packages into the new Frade field development campaign between BHGE, Halliburton and Schlumberger, according to sources heard by Brasil Energia Petroleo. The first two companies are expected to complete completion services, and Halliburton would be specifically responsible for lower completion and foundation services. There are ongoing negotiations... Continue Reading →
Rio de Janeiro, March 28, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Press Release disclosed on 1/25/2018, reports that its Board of Directors has approved, at a meeting held today, the company’s participation in the Oil and Gas Climate Initiative (OGCI). This is one of the main initiatives of the oil and... Continue Reading →
Oil majors will gather in Rio de Janeiro on Thursday to vie for stakes in offshore blocks near Brazil’s coveted pre-salt oil play, even after a court tossed the top two areas out of the running. Twenty companies including Chevron, BP, Exxon Mobil, Royal Dutch Shell, Statoil, and Total have registered to bid in a... Continue Reading →
Brazil Energy Insight 