AGENCIA PONTO/IBP 24 October 2016 12:47 GMT By Mark Hillier and Gareth Chetwynd in Rio de Janeiro 26 October 2016 14:39 GMT French giant Total is aiming to give the green light before the end of this year to plans to kick off exploration drilling in the first half of 2017 in Brazil's frontier Foz... Continue Reading →
Liza 3 solidifies ExxonMobil Guyana find
Stena Carron: is still on location at Liza 3 Noah Brenner 26 October 2016 13:54 GMT A key appraisal of ExxonMobil’s large Liza oil discovery offshore Guyana was successful, further boosting the resource estimate for what was already the largest oil discovery of 2015, as the partners eye a project sanction next year. The drillship... Continue Reading →
Brazil regulator aims to streamline licensing
Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 26/10/2016 Brazilian federal environmental regulator Ibama wants to speed the process of issuing licenses for oil and gas projects, partially ending bureaucratic procedures that locked investments in the sector for far too long. According to Ibama licensing director Rose Mirian Hofmann, the regulator identified approximately... Continue Reading →
Brazil regulator puts number on Carcara
Carcara: More than 2 billion barrels up for grabs PETROBRAS By Gareth Chetwynd 25 October 2016 22:16 GMT The portion of the Carcará discovery that overlaps onto open acreage has close to 2.2 billion barrels of oil equivalent in place, meaning bidders in the promised 2017 licensing round can chase the right to produce about... Continue Reading →
Petrobras sees Lapa output near ‘immediately’
Coming online: Roberto Moro, Petrobras' chief production development & technology officer Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 25 October 2016 22:41 GMT Brazilian oil giant Petrobras expects to start output from the Lapa field within days, as the company waits for the final operating licence to kick-start production from its ninth floating... Continue Reading →
Brazil president’s plan to restore finances takes step forward
By Maria Carolina Marcello | BRASILIA Brazil President Michel Temer won another victory on Tuesday in his effort to restore fiscal discipline when the lower house of Congress approved a constitutional amendment to cap spending for 20 years. Heavy public spending, a recession and a massive corruption scandal rocking Brazil's political establishment undermined confidence in... Continue Reading →
Brazil’s oil & gas industry seen steadying
Innovation: Petrobras' Cenpes R&D centre By Erik Means, Rio de Janeiro 24 October 2016 A new survey of companies involved in Brazil's oil and gas sector suggests that the industry – shaken by low oil prices and the Car Wash corruption scandal that have hit the country over the past two years – has gone... Continue Reading →
Baker Hughes’s Selfie Looks Good By Liam Denning
Baker Hughes is enjoying the single life. In the six months since its $34 billion merger with Halliburton was called off, Baker Hughes has been remaking itself. Walking away with a $3.5 billion break-up fee from its erstwhile suitor certainly helped. But the real improvements have been all of Baker Hughes' own making. Read more
Petrobras onshore concessions sale may spark a revival
PETROBRAS’ proposed sale of more than 100 onshore concessions spread across five states may be the spark to ignite a new wave of investments in a sector that has long been overlooked in Brazil. The Topaz Project offers 98 producing fields and six exploration blocks in the mature Reconcavo, Potiguar, Espirito Santo and... Continue Reading →
Statoil builds up Brazil gas team
Gas commercialisation: Statoil Brazil president Paal Eitrheim By Mark Hillier in Rio de Janeiro 25 October 2016 16:30 GMT Norwegian operator Statoil is setting up a dedicated team in Brazil to work on gas commercialisation opportunities as it builds up a portfolio that is becoming increasingly gas-weighted. Statoil Brazil president Paal Eitrheim said it is... Continue Reading →
Brazil Energy Insight 