Brazil upstream news
ESAI Energy: Brazil's crude growth set for takeoff
The increase in medium crude from Brazil will be one of the few sources of non-US supply growth this year, says ESAI Energy's Latin America Watch.
TechnipFMC reaches resolution with US and Brazilian authorities over legacy investigations
The company has agreed to pay a total of US$301.3 million to these authorities to resolve investigations into conduct dating back over a decade ago.
MODEC to supply FPSO to Petrobras for Búzios 5
The first oil production by the FPSO is planned for 2022, and the firm time charter period of the contract is 21 years.
Equinor completes acquisition of interest in BM-S-8 block, Santos Basin
The 10% interest in the BM-S8-block in Brazil's Santos basin has been acquired by Equinor from Barra Energia for US$379 million.
Rosneft project in Brazil awarded priority status
The company owns 13 license areas in the Solimões Basin in the Brazilian state of Amazonas with a total acreage of approximately 32 600 km2.
Libra Consortium takes final investment decision on Mero-2 FPSO in Brazil’s presalt
The consortium plans four new production systems to be deployed in the Mero field offshore Santos Basin in Brazil.
BW Offshore aims to establish BW Energy as separate E&P company
BW Energy was established in late 2016 and has since developed a portfolio of upstream oil and gas assets in West Africa and Brazil.
Petrobras awards McDermott Sepia field project contract
The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.
Airborne Oil & Gas and Símeros Technologies have signed a collaboration agreement
Oilfield technology firm Airborne Oil & Gas and engineering company Símeros Technologies are collaborating to qualify dynamic deepwater thermoplastic composite pipe risers in Brazil.
Petrobras sells assets totalling US$10.3 billion
The company executed three sale and purchase agreements to sell the assets.