Brazil | Egypt Oil & Gas - Part 4
Petrobras Sells Remaining Stake in Pipeline Company
Brazil’s state-owned oil company Petrobras has agreed to sell its remaining 10% stake in natural gas pipeline company TAG, according to Reuters. The 10% sale amounts to $187.5 million and will be sold to Engie Brazil...
Brazil Achieves Record Crude Oil Exports to Asia
Brazil has increased crude exports to Asia in the first half of the year as many oil-producing nations cut production to match record low demand, according to Reuters. This sudden rise in exports to Asia can be expla...
Buzios Oilfield Achieves Record Production
Brazil’s Petrobras announced on July 14 that the company’s four platforms in the Buzios oilfield located in the Santos Basin, yielded a record daily production, according to Reuters. The four platforms: P-74, P-75, P...
Norway Resumes Investment in Brazil’s Petrobras
Norway has reverted the country’s decision to prevent Norway’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras, according to Reuters. Norway had prevented investment in the Brazilian oil co...
K Line Buys Stake in Brazil’s FPSO Project
Japanese transportation company Kawasaki Kisen Kaisha (K Line) has agreed with Malaysian energy service provider Yinson Acacia Ltd to participate in the floating production, storage and offloading (FPSO) for Brazil’s ...
Brazil’s Petrobras Begins Long-Term Testing in Albacora Field
Brazil’s state-run oil company, Petrobras, has embarked on long-term testing in the Forno area within the Campos Basin field, according to Reuters. The testing, which is being carried out in the well about 120 kilomet... Brazil Encounters Optimum Quality Oil
Brazil’s state-owned oil company Petrobras has announced the discovery of a 208-meter reservoir containing high quality oil in the Buzios oilfield in the pre-salt region, according to Reuters. Petrobras also found a ...
Wintershall Dea Wins Offshore Blocks in Brazil
Wintershall Dea was awarded two offshore blocks: S-M-766 and C-M-845, in Santos and Campos basins in Brazil’s 16th bid round for oil and gas exploration blocks, According to Wintershall Dea’s press release. “We are ve...
