BP looks to deepen partnership with Brazil’s Petrobras
British energy company BP said it wanted to expand its level of cooperation with an oil company in Brazil, one of the largest producers outside of OPEC. BP signed a Continue Reading
Offshore Brazil among the world’s best oil basins, Wintershall says
The oil basins off the coast of Brazil are among the best prospects in the world, German energy company Wintershall said after the latest auction. The Brazilian government offered nearly Continue Reading
Royal Dutch Shell’s Brazil subsidiary secures four deep-water blocks
Royal Dutch Shell’s Brazilian subsidiary secured four deep-water exploration blocks off the country’s coast, the company announced. Shell Brasil Petroleo said Thursday it will operate in two of the four Continue Reading
World’s Most Indebted Oil Company Makes Major Hedge
In February and March, Brazil’s state-controlled oil firm Petrobras hedged 128 million barrels of its expected 2018 production —equal to around 15 percent of total production—at an average price of Continue Reading
Exxon leads oil majors in bids for Brazil’s offshore reserves
Exxon Mobil Corp roared into Brazil’s prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country’s choice reserves Continue Reading
Bribery in the Energy Market – More than Bags of Cash
Parker Drilling’s Kelly Thorman discusses bribery and corruption in oil and gas and how companies can equip themselves with compliance measures. At the mention of corruption in oil and gas, Continue Reading
Brazil and Mexico, 2017 Summaries
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
Brazil’s Coming Oil Boom Will Weigh On Oil Prices
It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry Continue Reading
Total plants flag offshore Brazil
French energy company Total said it’s now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. Total and Continue Reading
Japan steps into offshore Brazil bonanza
A consortium of Japanese energy companies said Tuesday they agreed to invest in a long-term agreement involving floating production options for offshore Brazil. Japanese energy company Marubeni said it teamed Continue Reading