Petrobras To Put More Key Oil Assets Up For Sale
Brazil’s state-run oil company, Petroleo Brasileiro SA, hopes to boost its value by nearly 50 percent by 2021, in part by putting more offshore oilfields up for sale. The oil Continue Reading
Brazil Aims For $18 Billion From Its Sale Of Key Refinery Assets
Petrobras is launching the binding phase of the sale of four refineries out of eight that it has earmarked for divestment, the Brazilian state-held energy firm said in a statement. Continue Reading
Brazil subsalt production-sharing fields to pump 3.9 million b/d by 2031: management company
Oil companies to install 28 new FPSOs in 2020-2032 Peak development activity expected in mid-2020s Investments total $135 billion for FPSOs, wells, subsea lines Output from oil fields in Brazil’s Continue Reading
This Underdog Could Soon Become The World’s Largest Oil Producer
Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s biggest-ever oil auctions Continue Reading
Brazil Adds To Supply Glut With Major Deepwater Field
International oil majors and Brazil’s state oil firm Petrobras have just announced first oil from a deepwater field in Brazil’s pre-salt Santos basin, which will add 150,000 barrels of oil Continue Reading
The Real Reason Big Oil Bailed On Brazil
This year’s final oil auction in Brazil ended in a flop on Thursday, with Big Oil staying away from bidding and only one of five blocks awarded, suggesting that the Continue Reading
Big oil stuns Brazil in back-to-back auction flops
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a Continue Reading
The Oil Nation Aiming To Double Its Production
Brazil may be able to produce in the future as much as 7 million barrels of oil per day (bpd), Mines and Energy Minister Bento Albuquerque said on Wednesday, without Continue Reading
Brazil’s Overhyped Oil Auction Ends In Failure
What would have been Brazil’s biggest oil auction ever has ended in a near-total flop, as oil majors steered clear of the pricey oil areas up for grabs. Brazil was Continue Reading
Has Brazil Found The Culprit Of Its Catastrophic Oil Spill?
The federal police in Brazil said on Friday they are investigating a Greece-flagged ship that may have been the origin of a mysterious oil spill that washed up on more Continue Reading