Total Resigns as Operator for 5 Exploration Blocks in Brazil
France’s oil major, Total, notified its partners on August 19 that the company will resign from its role of operator for five exploration blocks offshore Brazil.
Petrobras | Egypt Oil & Gas - Part 4
Petrobras to Sell 26 Onshore Oil Fields, Refinery
Brazil’s state-run Petrobras has put up for sale 26 onshore and shallow-water oil fields along with a small refinery, Clara Camarao, in the northeast of Brazil.
Petrobras Agrees to Sell 8 Onshore Fields for $94.2 MM
Brazil’s state-owned oil company, Petrobras, has announced it has reached an agreement with 3R Petroleum to sell its entire stake in eight onshore fields at Polo Rio Ventura.
Petrobras Opens Bidding for Lease of Biggest LNG Terminal in Brazil
Petrobras Company announced that it imposed its LNG regasification terminal and associated facilities for lease. The terminal is located in the northeast of Bahia.
Petrobras’ Production Decreases in Q2
Brazil’s state-run oil company, Petrobras, has published its Q2 2020 results, indicating a slow down in production compared to Q1 2020.
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.
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.
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.
Norway Resumes Investment in Brazil’s Petrobras
Norway re-permits the country’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras once more.
Brazil’s Buzios Field Achieves New Daily Production Record
Brazil’s state-run Petrobras has confirmed that deepwater Buzios oilfield’s platforms P-74, P-75, P-76, and P-77 have yielded an all-time record production.
