Brazil | Egypt Oil & Gas - Part 7

New ‘Megareserve’ Off Brazilian Coast All Gov’t Owned

The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo. It is believed to big as large as the so-called Lula oil field, which holds between fiv ...

Brazil Oil Regulator Eases Fines on Producers to Improve Development

Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.

Petrobas Finds New Oil Reservoir Off Brazilian Coast

Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast.

Brazil Oil Group Hopes Regulatory Changes Will Boost Exploration

Brazil's national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and ...

Russian Company Acquires Remaing Solimoins Oil, Gas Fields in Brazil’s Amazon River Basin

Russia’s Rosneft oil and gas company has acquired the remaining shares of Brazil’s Solimoins oil and gas fields in the Amazon River basin, Rosneft announced Monday in a statement.

Iran to Build Refineries Abroad from Brazil to India

Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says.

Petrobras Makes Light Oil Discovery in Ultra-Deep Waters

Petrobras has finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499

Brazil’s Petrobras on the Road to Recovery, but Challenges Remain

Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results.

Petrobras Shuts Four Platforms in Brazil After Leak

Four Petrobras oil platforms off the north-east coast of Brazil have halted production after a leak of about 44 barrels of oil was detected coming from a pipeline linking the platforms.

Brazil’s Petrobras Says Scandal Cost Company Over $2Bn

Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized t ...

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