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 →

Rio de Janeiro, March 28, 2018 - Petróleo Brasileiro SA - Petrobras, in addition to the press release disclosed on 03/20/2018, informs that the mothballing of the fertilizer plants located in Sergipe (Fafen-SE) and Bahia (Fafen-BA) should be concluded until October 31, 2018. The creation of committees to be formed by representatives of the governments... Continue Reading →

Rio de Janeiro, March 28, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has deployed a hedging strategy for part of its expected oil production in 2018. The transactions were carried out over the months of February and March, in a volume equivalent to 128 million barrels of oil. Put options have been... Continue Reading →

  March 28, 2018 Petrobras intends to start the production, from a Long-Term Test (TLD), of Farfan's discovery in the exploration block area SEAL-M-426 in ultra-deep waters of the Sergipe-Alagoas Basin in September. The TLD will be conducted by FPSO BW Cidade de São Vicente, which is currently in the Santos Basin, and will last... Continue Reading →

March 27, 2018 The shallow water, 3rd round  offer of exploration areas in Mexico ended with 16 new blocks awarded, out of 35 offered. Most of the winners are international groups that have re-invested in the country. The competition takes place two days before the 15th round of the ANP, which will offer 70 exploratory... Continue Reading →

Chevron Corp. is studding the ocean floor with heavy-duty pumping gear as part of an effort to make deepwater oil discoveries competitive with shale. The idea is to force crude from newly drilled wells in the deepest parts of the Gulf of Mexico to flow through miles and miles of pipe to platforms built a... Continue Reading →