Brazil sold five of the seven blocks offered in an oil auction on Wednesday to majors including Petrobras and Equinor ASA in a sign of renewed interest to explore in deep waters off the country’s southern coast despite low oil prices.
The field, located in the Santos Basin, holds over 1 billion boe in recoverable reserves and marks Equinor’s largest international offshore development. Bacalhau is operated by Equinor (40%) alongside ExxonMobil Brasil (40%), Petrogal Brasil (20%) and Pré-Sal Petróleo (PPSA).
Norway’s DOF Group has secured long-term charters valued at around USD 200 million from Petrobras for two vessels to be deployed in Brazil, DOF Group announced on Thursday.
Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America.
Schlumberger NV (SLB) has secured a significant contract from Petroleo Brasileiro SA (Petrobras) to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin. SLB said that the contract was awarded through a competitive tender process.
SLB has won a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos basin. The wells, which are part of the second development of the Atapu and Sépia fields, target massive pockets of oil and gas beneath thick salt layers, located up to 2,000 […]
The agreement also includes installation support and life-of-field services, with options for additional equipment as projects progress. All subsea systems will be built and serviced in Brazil, underscoring both companies’ long-standing partnership and commitment to local content.
Renewables, oil and gas, mining, and manufacturing took the lion’s share of Chinese investments in Brazil in 2024, a new report by the Brazil-China Business Council, CEBC, showed this week.
PRIO SA, Brava Energia and BW Energy Ltd are considering buying Petroliam Nasional Berhad’s stake in the Brazilian oil field Tartaruga Verde to expand in Latin America’s largest producing country, according to people familiar with the matter.
BP, which announces its half-year results on Tuesday, said last month that it would sell its share in 10 US onshore windfarms to the New York-headquartered LS Power. On Monday it launched its 50:50 offshore wind joint venture with the Japanese wind company Jera worth up to £4.5bn, which it plans to use to gain some access to zero-carbon wind energy developments while focusing on fossil fuels.