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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 →
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 →
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 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’ 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 →
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 →
Regulatory fixes: Brazilian Petroleum Institute president Jorge Camargo Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 10/25/2016 Regulatory developments to leverage the competitiveness of the Brazilian oil and gas industry were discussed in a plenary session on the second day of the Rio Oil & Gas conference. All four panelists agreed that regulatory changes... Continue Reading →
Expansion: existing Peregrino A platform STATOIL Steve Marshall 24 October 2016 12:37 GMT Cameron Sense has reportedly secured a contract to deliver a complete drilling equipment package for a wellhead platform to be used under the second development phase of Statoil’s Peregrino heavy oil field off Brazil. The Kristiansand, Norway-based supplier, part of Schlumberger unit... Continue Reading →
Teamwork: Petrobras headquarters in Rio de Janeiro AFP/Scanpix By Gareth Chetwynd from Rio de Janeiro 25 October 2016 09:38 GMT Petrobras chief executive Pedro Parente has emphasised the importance of partnerships to help drive forward the Brazilian giant's E&P programme in a cash-constrained environment. In an exclusive interview with Upstream, the recently appointed Parente stressed... Continue Reading →
Cost cutting: Total CEO Patrick Pouyanne (left) and Petrobras CEO Pedro Parente Agencia Ponto By Fabio Palmigiani in Rio de Janeiro 24 October 2016 22:29 GMT Brazilian national oil company Petrobras has put in motion an ambitious plan designed to bring down capital expenditure at the giant Libra pre-salt field in the Santos basin in... Continue Reading →
