Oil Prices Prompt Topaz to Extend Ambitions to South America

• Sunday, 28th June 2015
• by Egypt Oil & Gas

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, its chief ex...

Brazil Halts Production on Platform After Gas Leak

• Tuesday, 16th June 2015
• by Egypt Oil & Gas

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...

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

• Sunday, 14th June 2015
• by Egypt Oil & Gas

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 five...

Brazil Oil Regulator Eases Fines on Producers to Improve Development

• Sunday, 7th June 2015
• by Egypt Oil & Gas

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. The first set of chang...

Petrobas Finds New Oil Reservoir Off Brazilian Coast

• Thursday, 4th June 2015
• by Egypt Oil & Gas

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. The well, named Poco Ver...

Brazil Oil Group Hopes Regulatory Changes Will Boost Exploration

• Wednesday, 27th May 2015
• by Egypt Oil & Gas

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, delay...