South America | Egypt Oil & Gas - Part 2

Oil Prices Prompt Topaz to Extend Ambitions to South America

Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price,

Brazil Halts Production on Platform After Gas Leak

Brazil's state-run oil company Petroleo Brasileiro SA was forced to stop oil and natural gas output at its P-40 offshore platform after a gas leak, the country's petroleum regulator ANP said in a statement on Monday.

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 ...

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