Brazil upstream news
Saipem announces annulment of two year contracting ban in Brazil
Under Brazilian law, an appeal phase must follow, during which the effects of the annulment ruling are suspended.
CNOOC Ltd signs four concession contracts for exploration blocks offshore Brazil
The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, all located offshore Brazil.
Petrobras: FPSO Maria Quitéria starts operating in the pre-salt Campos Basin
The platform can produce up to 100 000 bpd of oil in the Espírito Santo portion of the basin.
SLB OneSubsea awarded major contract for deepwater project in Brazil
SLB’s OneSubsea joint venture has been awarded a major contract by Petrobras for the Roncador project, offshore Brazil.
Petrobras sets new production records at its refineries
Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.
Petrobras and Ecopetrol announce major gas finds in Colombia
Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.
PRIO to acquire 40% interest in Peregrino oil field in Brazil
Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).
Petrobras to pump natural gas from reopened offshore well
Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.
Vallourec enhances its line pipe coating solutions with the acquisition of Thermotite do Brasil
Vallourec enters into a definitive agreement to acquire from Mattr 100% of the shares of its subsidiary Thermotite do Brasil Ltda.
Petrobras provides information about FPSO Maria Quitéria
Petrobras has informed that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in 3Q24.