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Crude Oil
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor…
Oil Field
Hunt for Partners Coming Soon as Brazilian Oil Project’s Cost Estimates Reach up to $1.2b
Australia’s Karoon Energy is advancing its Neon oil field project in the Santos Basin, 75 kilometers northeast of the Baúna project off Brazil&rsqu…
Oil Field
BW Energy Sets Aside $107M to Boost Production From Brazilian Deepwater Field
BW Energy, listed in Oslo, has approved the final investment decision for the Golfinho Boost project, targeting an additional 3,000 barrels per day of oil produ…
Oil Field
Brazilian Oil Field’s FPSO Two Wells Richer With Another Duo Slated for June
Brava Energia, a Brazilian energy company formed from the merger of 3R Petroleum and Enauta, has activated two additional wells, 4H and 5H, at the Atlanta field…
Oil Field
Oil Uplift Coming up Next on Brazilian Field’s Horizon
BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offsh…
Crude Oil
Centrica to Supply Petrobras With LNG Until 2040s
GasLog WestminsterBrazil’s state-owned energy giant Petrobras has signed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with t…
Oil Refinery
OMV Petrom Starts Construction of Sustainable Fuels Production Unit at Petrobrazi Refinery
OMV Petrom S.A. (Bucharest, Romania) announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the…
OPEC
Brazil Joins OPEC+
Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country&rsq…
Oil&Gas Drilling
Petrobras Strikes Black Gold Within Producing Oil Field’s Pre-salt Offshore Brazil
Map showing location of new discoveryBrazilian state-owned energy heavyweight Petrobras has made a new oil discovery in the pre-salt area of its existing field …
Oil Field
CNOOC Limited Announces Buzios7 Project Commences Production
CNOOC Limited announces that Buzios7 Project has commenced production safely.Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with …
Oil & Gas Trade
Trafigura Buying Oil From Brazilian Player’s Santos Basin Field
Brazil’s oil and gas company Brava Energia has signed a contract with global commodity trading group Trafigura for the sale of oil produced at the former&…
Oil Field
Petro-Victory, ATO to Acquire 13 Oil Fields in Brazil’s Prolific Potiguar Basin
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the…
Oil Field
Decision Over Progressing Brazilian Oil Discovery to FEED Entry Stage Due in Spring
Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, w…
Oil & Gas Trade
Petrobras’ Total Q4 Production Falls 10.5%, Sales and Exports Also Down
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019.Brazilian state-run oil giant Pe…
Crude Oil
MODEC’s FPSO Staying Five More Years With Petrobras Offshore Brazil
FPSO Cidade de Angra dos Reis;Brazil’s state-owned oil and gas giant Petrobras has prolonged the assignment of a floating production, storage, and offload…
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