An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil.
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country's north east coast this month.
A first of its kind event focussing solely on the subsea and drilling industries in Brazil is set to take place in Rio de Janeiro in November.
Chariot Oil & Gas is covered for its near-term work commitments but to step ahead it must sign up partners for its various projects.
Houston-headquartered energy service firm Halliburton has been handed a contract by Petrobras for pre-salt development in the Santos Basin, offshore Brazil.
Trac Oil and Gas’ boss believes the time is right to revisit the firm’s international expansion plans after getting off to a false start several years ago.
Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum.
Dutch oilfield services group SBM Offshore has signed a letter of intent (LoI) with Petrobras to provide an FPSO for the Mero field, 110 miles off Rio de Janeiro.
Australian energy service firm Worley has launched a 50:50 joint venture with a Brazilian engineering and construction company to carry out brownfield work in the Latin American country.
McDermott International will construct and install subsea risers and flowlines on Petrobras' Sepia field off Brazil.
UK firms are being invited to take part in a trade mission to Brazil which will showcase new innovations in subsea technology.
Aberdeen council bosses are looking for new business opportunities in Asia, Africa and South America as they try to boost the city’s reputation on the world stage.
Halliburton has inked an integrated services contract with Shell for post-salt development and pre-salt exploration in Brazil's Campos and Santos Basins.
TechnipFMC has won a “significant” contract for work on the Lapa oilfield offshore Brazil.
Forum Subsea Technologies will supply three remotely-operated vehicles (ROVs) to DOF Subsea for projects off Brazil.
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
Norwegian investigators today called for regulations to be put to the test after a worker died in a blast in Brazil.
Production of an FPSO for Shell has started at a huge oil and gas field in Brazil.
Norwegian energy service company Aker Solutions will supply a subsea production system for Petrobras' Mero 1 project off Brazil's coast.
Oil field services giant Aker Solutions has clinched a contract with Petrobras for maintenance and modifications work on nine platforms in the Campos Basin offshore Brazil.
Former Brazilian president Luiz Inacio Lula da Silva has been found not guilty of obstruction of justice.
Equinor has agreed to buy Barra’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin for $379 million.
Norwegian energy giant Equinor has completed the acquisition of a 25% stake in the Roncador oil field in Brazil's Campos Basin.