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PetroRio to acquire stakes in Wahoo and Itaipu fields offshore Brazil

PetroRio to acquire stakes in Wahoo and Itaipu fields offshore Brazil

PetroRio has agreed to acquire a stake of 35.7% in the BM-C-30 Block, containing the Wahoo field, and a stake of 60% in the BM-C-32 Block, containing the Itaipu field, from BP, in a deal worth up to $140 million. Both the blocks are located offshore Brazil. Under the terms of the deal, PetroRio will […]

Total exits Brazil’s offshore Foz do Amazonas Basin

Total exits Brazil’s offshore Foz do Amazonas Basin

French oil and gas giant Total said that it has reached an agreement to transfer to its equity interest in five exploration blocks in the Foz do Amazonas Basin in the Brazilian waters to Petrobras. The agreement marks the exit of Total from the Foz do Amazonas Basin. The five blocks – FZA-M-57, FZA-M-86, FZA-M-88, […]

Petrobras finds hydrocarbons in Block C-M-657 well in Campos Basin

Petrobras finds hydrocarbons in Block C-M-657 well in Campos Basin

Petróleo Brasileiro S.A (Petrobras) said that it has identified the presence of hydrocarbons in the Well 1-BRSA-1376D-RJS (Naru) of Block C-M-657 in the pre-salt of the Campos Basin. According to the Brazilian national oil company, the Naru well was drilled nearly 308km from the city of Rio de Janeiro in Brazil, in water depth of […]

Sapura Energy wins $206m contracts in South America and Africa

Sapura Energy wins $206m contracts in South America and Africa

Sapura Energy, a Malaysian oil and gas services company, has won three contracts with a total value of 840 million Malaysian Ringgit ($206 million) in South America and Africa. The contracts include a couple of major project wins in South America, and a drilling contract in the Ivory Coast. In South America, Sapura Energy’s subsidiary […]

Total resigns as operator of five blocks in Foz do Amazonas Basin

Total resigns as operator of five blocks in Foz do Amazonas Basin

French oil and gas giant Total said that it has stepped down as operator for five offshore exploration blocks in the Foz do Amazonas Basin in Brazil. In this connection, Total had notified its partners on 19 August regarding its resignation from operatorship of the FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks. Total has also […]

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]

Anna Nery FPSO : Dutch firm Royal IHC bags contract from Yinson

Anna Nery FPSO : Dutch firm Royal IHC bags contract from Yinson

Royal IHC has bagged a contract from Malaysian FPSO provider Yinson for a tandem mooring and offloading system and a riser pull-in system to be used by the Anna Nery floating production, storage and offloading vessel (Anna Nery FPSO). Financial terms of the contract were not disclosed by the Dutch maritime service provider. The Anna […]

Barcarena FSRU project : Golar Power, Norsk Hydro sign MoU for Brazilian LNG terminal

Barcarena FSRU project : Golar Power, Norsk Hydro sign MoU for Brazilian LNG terminal

Barcarena FSRU project : Golar Power, an LNG-based transportation and downstream solutions provider, and Norwegian integrated aluminium company Norsk Hydro have signed a memorandum of understanding (MoU) for the supply of LNG from what will be the first LNG terminal in northern Brazil. The Brazilian LNG terminal, which is slated to begin operations during the […]

Golar Power, Galileo Technologies to introduce Bio-LNG fuel in Brazil

Golar Power, Galileo Technologies to introduce Bio-LNG fuel in Brazil

Golar Power, an LNG integrated company, and Argentina-based green energy supplier Galileo Technologies have joined forces to introduce a new clean fuel source in Brazil by producing biomethane liquefied natural gas (Bio-LNG fuel). In this regard, the two parties have inked an agreement for providing LNG liquefaction solutions for supporting the development of the small-scale […]

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster)  in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and offloading vessel (P-70 FPSO). According to Total, a participant in Block BM-S-11A, the P-70 FPSO, which will produce the reserve of the Atapu field, […]

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