Brazil upstream news
ANP suspends 17th Bidding Round
ANP announced the suspension in compliance with a request from the country's Ministry of Mines and Energy.
Petrobras announces further cuts to production
Oil production will be cut by 200 000 bpd, a volume that includes the reduction of 100 000 bpd announced on 26 March 2020.
Petrobras cuts spending
The company will reduce planned investments for 2020 from US$12 billion to US$8.5 billion.
PGS begins survey in Campos Basin
The Campos Deepwater GeoStreamer X project will deliver long offset, multi-azimuth seismic data over the deepwater portion of the northern Campos Basin.
Sandvik to provide stainless steel umbilical tubes for Mero oilfield
The contract is significant for the offshore Brazilian oil and gas industry, which typically uses thermoplastic hose umbilicals.
OTC 2020 to recognise Petrobras for Búzios Project achievements
The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.
Rotork actuators used for oil and gas flow control on Brazilian FPSO
The actuators will be operated by end user Modec to control the flow of oil and gas from the FPSO to the metering system.
MODEC, Mitsui, MOL and Marubeni to proceed with the deepwater FPSO charter project for Marlim Field of Brazilian offshore oilfield
The four companies have entered into related agreements on 30 January 2020.
Equinor selects contractors for Bacalhau area offshore Brazil
Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the subsea, umbilical, risers and flowlines contract and MODEC Inc. for the FPSO contract.
Petrobras to sell interests in Golfinho and Camarupim deepwater assets
Petrobras holds 100% interest in both concessions, with the exception of exploratory block BM-ES-23, in Golfinho, where it owns 65%.