Tag: Brazil

Brazil’s Braskem SA and Mexico-based Grupo Idesa’s joint venture Grupo Idesa has received a USD$700 million line of credit approval by the Brazilian National Economic and Social Development Bank.

Statoil and operator Repsol Sinopec in partnership with Petrobras have confirmed the significant potential of BM-C-33 pre-salt block in the Campos basin offshore Brazil. Including the Seat, Gávea and Pão de Açúcar discoveries, the estimated resources of the block amount to over 700 million barrels of light crude and 3 trillion cubic feet of gas.

OGX Petroleo e Gas Participacoes SA, Brazilian independent driller declared its Waikiki oil field commercial, its first commercial declaration of an offshore oil discovery.   To be renamed Tubarao Martelo or hammerhead shark, in following with the Brazilian custom of renaming producing oil fields after marine animals, the oil field development plan is being finalized to be submitted to Brazil's National Petroleum Agency.

The Brazilian National Petroleum Agency approved BP’s farm-in to four deepwater exploration and production concessions in the Brazilian equatorial margin.

   Skanska has been contracted by Petrobras for engineering, procurement and construction to increase the capacity of the natural gas treatment and compression of the Cabiúnas Terminal in Rio de Janeiro, Brazil, a joint venture with two local companies.

    Business intelligence company GlobalData has released a report stating that, through the use of Floating Production Storage and Offloading (FPSO), oil and gas reserves in hard-to-reach oil fields in Brazil will be accessible.

  Petrobas, Brazil’s state-run oil company has signed a letter of intent to conduct studies over the next six months to determine the possibility of building fertilizer and liquefied natural gas regasification plants in Rio Grande do Sul state.

Brazil’s Petrobas has allowed its Venezuelan state oil company counterpart PDVSA to extend the deadline to make its contribution to the long delayed Abreu e Lima refinery project in northeast Brazil.

    SBM Offshore has been granted a 26-month extension by Petrobas, on the lease and operating contract of the FPSO Marlim Sul offshore Brazil.

Chevron Corp has reported that while its subsidiary, Chevron Brasil Upstream Frade Ltda., has not received formal notice from Brazil's National Petroleum Agency (ANP) suspending its drilling license, the company has voluntarily suspended its current and future drilling operations, offshore Brazil.