Petrobras

Petrobras has taken a 65.3-billion Brazilian real ($11.2-billion) impairment on its exploration and production (E&P) assets, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent.

Operations during the COVID-19 pandemic and actions to decarbonize operations are among the highlights.

Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.

OTC announces Distinguished Achievement Awards for 2020.

P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.

Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions.

Just three firms submitted bids in an auction many are deeming as a disappointment for Brazil.

This work focuses on the development of specific methodologies to support managed-pressure-dilling (MPD) operations implemented on real-time diagnostic software.

UK operator Trident Energy is entering Brazil while Australian firm Karoon Energy is expanding its position in the country. Both will try to boost output from already-producing assets.

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.