Tag Archive

Shell adds new, deep-water production in Brazil

Shell adds new, deep-water production in Brazil

October 25, 2018 No Comments

New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. The FPSO P-69 is a standardized production vessel offshore Brazil with a capacity for 150,000 barrels of […]

P-69 starts operation in Lula field, Pre-salt of Santos Basin

P-69 starts operation in Lula field, Pre-salt of Santos Basin

October 25, 2018 No Comments

Petrobras announced that it has started, with its partners in the BM-S-11 Consortium, production of oil and natural gas in the Lula Extremo Sul area, in the pre-salt of Santos Basin, by means of platform P-69, eighth unit installed in the Lula field. The FPSO (floating production, storage, and offloading unit of oil and gas) […]

ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round

ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round

October 1, 2018 No Comments

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3 million net acres. “With the […]

Shell adds material acreage to its deep-water position in Brazil

Shell adds material acreage to its deep-water position in Brazil

October 1, 2018 No Comments

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), today won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay its share of the total signing […]

Newbuilt shuttle tankers for the Roncador field

Newbuilt shuttle tankers for the Roncador field

September 27, 2018 No Comments

The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen). The tankers will be built at Hyundai […]

Aker Solutions Wins Services Contract in Brazil

Aker Solutions Wins Services Contract in Brazil

September 18, 2018 No Comments

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension. Aker […]

S. America’s offshore boom accelerates in Guyana and Brazil

S. America’s offshore boom accelerates in Guyana and Brazil

August 31, 2018 No Comments

South America’s upstream sector of the past conjures images of the onshore heavy oil fields of Colombia and Venezuela. But in recent years, regional activity has pivoted offshore, where repeated success in Guyana and world-class productivity in Brazil have elevated offshore South America to its status as a top investment destination. Since 2015, Brazil and […]

Brazil becomes a core area for Equinor

Brazil becomes a core area for Equinor

August 29, 2018 No Comments

With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor. Brazil stands out globally as one of the most promising offshore oil and gas basins with a significant remaining resource base. […]

Ambev Partnership with Volkswagen involves 1,600 clean energy-powered vehicles

Ambev Partnership with Volkswagen involves 1,600 clean energy-powered vehicles

August 22, 2018 No Comments

Ambev, owner of brands such as Skol, Brahma, Antarctica and Guaraná, announced that by 2023, it will use 1,600 electric trucks made by Volkswagen Caminhões e Ônibus to transport beverages. With the partnership, about 35% of the fleet serving the brewery will consist of clean energy-powered vehicles, no longer emitting over 30.4K tons of carbon […]

Petrobras Update on CARF decision on taxes foreign subsidiaries located outside Brazil

Petrobras Update on CARF decision on taxes foreign subsidiaries located outside Brazil

July 26, 2018 No Comments

Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Administrative Board of Tax Appeals (CARF) issued today a partially favorable decision in a fiscal administrative proceeding related to taxable income (IRPJ and CSLL) of the 2011 fiscal year in relation to the income from foreign subsidiaries located outside Brazil, in the approximate amount of R$ […]

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