Petrobras | Egypt Oil & Gas - Part 5
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, according to a press release. The slowdown in production can be attributed to compl...
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...
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, according to a Reuters. The four deepwater platforms produce...
Brazil’s Total Oil Production Decreases by 0.5% in April
Brazil’s oil production remained steady in April, only decreasing 0.5% in comparison to March’s output figures despite reduced global oil demand, according to Reuters. Official figures show that Brazil produced 2.958 ...
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... 
