BP is in talks with Petrobras to sell a stake in its Bumerangue oil block off the coast of Brazil, Bloomberg News reported on Thursday, citing people familiar with the matter.Reuters could not independently verify the report. BP and Petrobras…
Brazil's state-run oil firm Petrobras has frustrated market expectations as it increased investment projections for the year while reporting lower-than-expected financial results in the third quarter on Tuesday.The firm's net profit of 39.7 billion reais ($7…
Italian engineering, certification and consulting company RINA has secured a three-year contract worth $12.3 million (€11 million) from Petrobras to provide engineering and technical assessments covering the integrity, maintenance and decommissioning of subsea infrastructure in Brazil…
The Sirius offshore gas project in the Colombian Caribbean, jointly run by Colombia's state oil firm Ecopetrol and its Brazilian counterpart Petrobras, is now due to start operations in 2031 rather than the previous 2030 start date due to consultation 'challenges'…
Petrobras has identified another oil-bearing interval in the Morpho well in ultra-deep waters off Brazil's Amapá coast, marking the third oil discovery in block FZA-M-59.The latest discovery was confirmed following continued evaluation of other…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
Brazil awarded 56 oil and gas exploration blocks in two licensing rounds held on October 7, with Petrobras, Equinor, QatarEnergy, Galp and Chinese energy companies among the successful bidders, according to the country's National Agency of Petroleum…
TechnipFMC has been awarded a subsea contract worth between $75 million and $250 million by Petrobras to supply flexible pipe systems for multiple pre-salt developments offshore Brazil.The contract, awarded following a competitive bidding process…
Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer…
Petrobras has made a new oil discovery in block FZA-M-59 in ultra-deep waters off Brazil's Amapá state after finding another oil-bearing interval while drilling deeper at its Morpho exploration well.The discovery was made at the 1-BRSA-1405-APS well in a water depth of 2…
Petrobras has signed a 22-year liquefied natural gas (LNG) purchase and sale agreement with U.S. LNG exporter Cheniere for 0.8 million tonnes per annum of LNG.The Brazilian state-run company signed a deal with Cheniere Marketing, a subsidiary of Cheniere Energy…
Brazil's state-run oil firm Petrobras may include the Sirius offshore gas project in Colombia as part of the production curve to be unveiled in its 2027-2031 business plan later this year, a company executive said on Wednesday.'I think it should…
Petrobras, Shell and Strohm have completed a qualification and offshore field trial program for a thermoplastic composite pipe flowline designed for high-CO2 conditions in Brazil's deepwater pre-salt, clearing the way for a Petrobras pilot installation planned for early 2027…
Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be 'very high quality' crude, an executive told Reuters on Monday.The crude found at the…