Brazil

One of the company’s pipelay and construction vessels will install rigid and flexible pipelines for Equinor’s Peregrino Phase 2 project, adding an estimated 273 million bbl of recoverable oil to the field.

Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery.

Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.

The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?

Petrobras has awarded TechnipFMC with an engineering, procurement, construction, and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin at 2100 m offshore Brazil. The contract covers the engineering, procurement, and construction of all rigid lines, as well as the installation and precommissioning of all the infield risers and the …

Petrobras and Shell have brought online the Lula field’s seventh FPSO as the firms continue to ramp up production from the pre-salt Santos Basin.

The unit is flowing oil and gas from the Lula Extremo Sul area, 290 km off Rio de Janeiro state in 2150 m of water.

Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production.

The paper provides a fast-track approach to perform screening assessment of multiple subsea concepts.

This paper aims to evaluate the applicability of input/output analysis to local content management as a tool to assess the relationship between the Brazilian government’s local content policy and social and economic effects of investment projects in the oil and gas and shipbuilding industry.