Argentina Gears Up For Offshore Licensing Round
The country’s offshore auction is risky but offers opportunities for major oil companies, analyst says.
June 25, 2018
Petrobras, ExxonMobil, Equinor Win Coveted Brazilian Presalt Block
The round raised roughly $829 million in signature bonuses and a commitment of $194.2 million in planned investments for exploratory work.
June 7, 2018
US Eyes Brazil For More LNG Export Opportunities
Brazil is the third-largest importer of U.S. LNG in Latin America, having imported roughly 28 billion cubic feet in the last 12 months, according to the U.S. Department of Energy.
May 31, 2018
Potiguar Basin Provides Another Oil, Gas Opportunity In Brazil
Some companies are showing interest in the Potiguar Basin as Petrobras looks to sell some onshore blocks in the basin.
May 22, 2018
PetroRio Aims To Step Up Recovery Efforts At Brazil’s Polvo Field
The company is working to extend the life of the field, increase its recovery factor and avoid premature decommissioning.
May 11, 2018
Petrobras Chips Away At Debt With Asset Sales
Despite the amount of money generated by sales so far, the company’s current financial situation still worries investors.
April 30, 2018
Petrobras Fosters Digital Transformation, Considers Blockchain Technology
Petrobras’ business plan includes spending $6.63 billion on infrastructure and R&D, including investments in the digital transformation area.
April 23, 2018
Brazil’s Onshore Oil, Gas Sector Faces Challenges
As Brazil’s offshore segment flourishes, onshore opportunities have not gained much attention. But the Brazilian government is working to make its onshore assets more attractive.
April 13, 2018
Campos Basin, ExxonMobil Star In Brazil’s Latest Licensing Round
The 15th bidding round on March 29 raised more than 8 billion reais (US$2.42 billion) in signature bonuses.
March 29, 2018
Deadlock In Rio Over Oil Sector Tax Cuts Causes Angst
The author of the bill that would end Repetro in Rio de Janeiro said the move would only exempt taxation of imported oilfield equipment during the exploratory phase of projects.
March 28, 2018