BP and Petrobras sign exploration MoU

The energy giants have committed to exploring areas of mutual interest in the upstream, downstream, trading and low carbon sectors

Petrobras joins CEO-led oil and gas climate initiative

Petrobras is to join a CEO-led group of oil and gas companies that intends to lead the industry’s response to climate change. The Oil and Gas Climate Initiative (OGCI) aims to increase the ambition, speed and scale of the projects undertaken by individual firms to reduce greenhouse gas emissions and explore new businesses and technologies. […]

Shell-Petrobras announce deep water partnership

Shell and Petrobras have signed a Memorandum of Understanding (MoU) to strengthen their deep-water partnership. They aim to share their experiences and best practice, learnings on safety and governance management, technical and operational solutions, wells construction and air transportation safety. The agreement focuses on sharing cost-efficient solutions in developing pre-salt fields in Brazil. According to […]

Petrobras’ workers announce open-ended strike action

Workers at Brazil’s largest oil company have announced an open-ended strike action. Petrobras’ employers plan to begin the protest against the state-owned firm on Friday. In a statement, the union known as Federação Única dos Petroleiros (FUP) stated the protest is against the company’s new business plans. It added: “It represents impacts across the country such […]

Brazil confirms successful bids for oil exploration rights

A handful of the world’s largest oil firms have won the rights to explore the biggest oil field in Brazil. The group made up of Anglo-Dutch oil firm Shell, Brazil’s state-run Petrobras, France’s Total and China’s CNOOC and CNPC made the only bid in the auction at the Rio de Janeiro hotel. The hotel was […]

Eleven companies register for Brazil’s oil auction

Brazil’s National Petroleum Agency (ANP) has announced that 11 oil companies have registered for the auction of the Libra oil field – one of the world’s largest offshore oil discoveries – although some of the world’s biggest firms have backed out according to reports. The list of companies which stumped up the 2 million Brazilian […]

Brazil to auction rights to ‘largest’ oil find

Brazil plans to auction an offshore oil discovery, believed to be its largest ever, later this year. Rights to explore and develop blocks in the Libra field, which is expected to produce around 12 billion barrels of recoverable oil over 35 years, will be on offer in the first bidding round in October. Brazil’s national […]

UK firm wins Brazilian gas-to-chemicals contract

A UK engineering and construction firm has been awarded a contract to build a gas-to-chemicals facility in Brazil. Foster Wheeler’s agreement for Petrobras’ ‘Complexo Gas-Quimico UFN-IV’ will include design, technical assistance and training during the construction phase up until the successful completion of the plant. The plant is expected to produce more than 1million tonnes […]

Rolls-Royce bags contract worth up to $650 million

Rolls-Royce has been awarded contracts worth up to $650 million by a Brazilian oil and gas company, Petrobras. Rolls-Royce will supply 32 gas turbines, which includes waste to heat recovery units. The turbines will be used on eight specialist vessels for the extraction of oil and gas. The British company will also provide long-term services, […]

Skanska to build $490m gas plant in Rio, Brazil

Skanska is to design and build a new 550MW natural gas thermal power plant in Rio de Janeiro, Brazil. The engineers won the $490million contract from Brazilian oil, gas and biofuels firm Petrobras. The power plant will be built in the city of Seropédica, 75 kilometres away from the capital.