Brazil


All posts for Brazil

Statoil ASA: 2018 First Quarter Results

Statoil (OSE:STL, NYSE:STO) reports adjusted earnings of USD 4.4 billion and USD 1.5 billion after tax in the first quarter of 2018. IFRS net operating income was USD 5.0 billion and the IFRS net income was USD 1.3 billion. The first quarter was characterised by: Solid earnings across all segm ...

OilVoice Press - OilVoice


Posted 4 months agoPress > StatoilOSENYSE +6

Petrobras Will Drive Over 76 Percent of Brazil’s Crude and Condensate Production to 2021, Says GlobalData

Petróleo Brasileiro S.A.'s (Petrobras) liquids production is expected to grow to 2.7 million barrels per day (mmbd) by 2021. Although in decline, the prolific Roncador field will still drive company's oil production with over 8.3 percent share of all the production in 2021. Buzios III (Franco) and ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > GlobalDataPetrobrasBrazil +5

Over $36.9bn Will Be Spent on Top 10 Offshore Heavy Oil Projects to 2025, Says GlobalData

Over $36.9bn in capital expenditure will be spent over the lifetime of the top 10 upcoming offshore heavy oil projects to produce 2.6 billion barrels of oil. These 10 projects, selected from 18 upcoming offshore heavy oil projects globally, will contribute incremental capacity of 400.5 thousand bar ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > OffshoreGlobalDataOil +4

TGS Announces New Multibeam and Seep Study Project Offshore Brazil

ASKER, NORWAY (3 April 2018)  - TGS announces the Brazil Southern Basins SeaSeep Project in the Campos and Santos Basins, offshore Brazil. The project will cover existing TGS surveys in these hydrocarbon rich basins as well as the highly prospective Pre Salt trend where many untested structures ex ...

OilVoice Press - OilVoice


Posted 5 months agoPress > TGSOffshoreBrazil +2

ExxonMobil Wins Eight Deepwater Blocks in Latest Brazil Bid Round

ExxonMobil now one of Brazil's largest acreage holders among international companies Adds more than 640,000 net acres to ExxonMobil's deepwater portfolio offshore Brazil Seismic data acquisition planned in 2018 for operated blocks announced in 2017 IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil ...

OilVoice Press - OilVoice


Posted 5 months agoPress > BrazilExxon MobilExxon Mobil Corporation +6

Shell Expands Brazil Operated Footprint With New Deep-Water Blocks

Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks. In the 15th deep-water bid round organized by the Brazilian National ...

OilVoice Press - OilVoice


Posted 5 months agoPress > ShellBrazilDeepwater +4

Statoil Awarded Four Blocks Offshore Brazil

  Statoil and partners were the hihg bidders for four blocks in the Campos Basin in Brazil's 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects.  A consortium comprising Petrobras (3 ...

OilVoice Press - OilVoice


Posted 5 months agoPress > StatoilOffshoreBrazil +8

Over $811bn Will be Spent on 615 Upcoming Oil and Gas Fields by 2025, Says GlobalData

Over $811bn will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capital expenditure (capex) into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to $352bn, $44bn, $43.4bn and $30bn respectively over the eight-year period, according t ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > GlobalDatao&gOil Field +6

Exploring Energy Opportunities in Brazil: Subsea UK to Lead Trade Mission to Rio de Janeiro

UK subsea companies are being encouraged to join the sixth edition of the ‘UK Energy in Brazil' trade mission which takes place in March. The event has been organised by the Department for International Trade (DIT) in association with Subsea UK, along with the Energy Industries Council (EIC), Soci ...

OilVoice Press - OilVoice


Posted 8 months agoPress > Subsea UKBrazilUK +5

Will Upstream Bounce Back in 2018?

Last year, the focus was firmly fixed on prices and downstream activity. The headlines and industry talk was all about demand versus supply; OPEC production cuts; price fluctuations; geopolitical factors; US oversupply, and at what point Russian frustration would crash the OPEC deal.    Obviously, ...

Scott Johnson


Posted 8 months agoOpinion > RussiaBrazilShell +2

Statoil ASA Acquires 25% of the Roncador Field in Brazil and Advances its Strategic Partnership with Petrobras to Increase Recovery

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras ("Petrobras") (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil's production in Brazil, with attr ...

OilVoice Press - OilVoice


Posted 9 months agoPress > StatoilNYSERoncador Field +2

Petrobras and ExxonMobil Form Strategic Alliance

Petrobras and ExxonMobil  have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president ...

OilVoice Press - OilVoice


Posted 9 months agoPress > PetrobrasExxonMobilStrategic Alliance +2

Production From Offshore Pre-Salt Oil Deposits Has Increased Brazil’s Oil Production

Source: U.S. Energy Information Administration, International Energy Statistics Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of pe ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > BrazilCrude oilLiquid Fuels +5

Brazil’s High Court Rejects Attempt to Enforce Fraudulent Ecuadorian Judgment Against Chevron

Brazil's Superior Court of Justice (STJ) unanimously rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corporation on Wednesday, November 29, citing a lack of jurisdiction. The fraudulent judgment has now been rejected in Argentina, Brazil and the United States. “Cour ...

OilVoice Press - OilVoice


Posted 9 months agoPress > BrazilChevronChevron Corporation +2

Total: Brazil’s Giant Libra Field Comes On Stream

Total announces first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The floating production, storage and offloading (FPSO) unit Pioneiro de Libra has a capacity of 50,000 barrels of oil. This start-up of t ...

OilVoice Press - OilVoice


Posted 9 months agoPress > TotalBrazilLibra Field +7