Brazil | Egypt Oil & Gas - Part 2

Petrobras Discovers New Oil Well in the Campos Basin

Petrobras announced that it has discovered oil in the pre-salt in the Campos Basin’s southern portion, in a wildcat well within the Alto de Cabo Frio Central block. The well 1-BRSA-1383A-RJS (Alto de Cabo Frio C...

TotalEnergies Wins PSC for Two Pre-Salt Oil Fields in Brazil

TotalEnergies along with its co-venturers announced that it has won production sharing contracts (PSC) for the Brazilian Atapu and Sépia pre-salt oil fields, the company said in a statement. It elaborated that the PSC...

Brazil’s Vale authorized to Import LNG for First Time

Brazilian oil and gas regulation agency (ANP) has allowed mining company Vale to import liquefied natural gas (LNG) to serve its own heating demand, according to Argus Media. This is the first time Vale has requested ...

Brazilian Enauta Suspends Operations in Two Atlanta Field Wells

Brazil’s oil company, Enauta Participações S. A., announced a production halt in two of its three Atlanta field wells after discovering a failure in the pumping system, Reuters reported. The first halted well is...

Equinor Awards EPCI Contract for Brazil’s Bacalhau Project

Schlumberger announced that Equinor has awarded Engineering, procurement, construction and installation (EPCI) contract to Subsea Integration Alliance for its Bacalhau project offshore Brazil, a press release issued b...

Raizen to Acquire Shell’s Lubricant Business in Brazil

Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc and local group Cosan SA, has announced the acquisition of Shell’s lubricant businesses in Brazil, including a blending plant and a termin...

Equinor Awards Seadrill Ltd Four Year Contract to Drill in Bacalhau Field

Equinor Brasil Energia Ltd has awarded Seadrill Management S PTE Ltd a four year contract for the West Saturn drillship to start drilling in Bacalhau field in Brazil in the Q1 of 2022, according to  press release issu...

Petrobras Approves Proposal for Establishing with IPDMC

Petrobras announced that its board of directors has approved the proposal of establishing with the Industrial Plant Development and Modernization Company (IPDMC), according to a press release. The company added that t...

Petrobras to Sell RLAM Refinery to UEA’s Mubadala for $1.65 B

Petrobras announced that it will sell its Landulpho Alves Refinery (RLAM) to the United Arab Emirates (UAE)’s Mubadala Capital Company as it presented the best offer in an amount of $1.65 billion, according to a press...

Petrobras Completes its Exit from the Frade Field

Petrobras company announced that it has completed its 30% stake sale from the Frade field, located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remaining 70% shar...

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