Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…
Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing…
Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from Tullow. Following negotiations with Perupetro…
Brazil experienced a “historic day in the oil and gas sector” with its 14th Round, as the joint venture of Petrobras and ExxonMobil signed the largest bonus of US$701 million (R$2.24 billion) for a block in the Campos basin. Oddone…
Karoon Gas says it still intends to move forward with the proposed divestment deal with Petrobras for the Bauna and Tartaruga assets, and the development of Echidna. Map of Santos basin, from Karoon…
Brazil is slowly emerging from one of its worst economic crises with the country’s oil and gas sector no exception, says the EIC’s Pietro Ferreira. Peregrino A platform. Photo from Statoil/ Øyvind Hagen…
Karoon Gas Australia is moving into front-end engineering and design on its Echidna light oil discovery in the Santos Basin offshore Brazil. The Echidna development concept consists of a leased floating production, storage, and offloading facility…
Wood Group was awarded a multi-year contract from Karoon Petróleo & Gás to provide owner’s engineering services to support the full field development for the Echidna field offshore Brazil marking the first project between the two companies…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Australia’s Karoon Gas is going back to court to defend its deal with Petróleo Brasileiro (Petrobras) for stake in two fields, following a rejection to lift the injunction made by the Brazilian state-owned company in the federal court of Sergipe…
Australia’s Karoon Gas is in the middle of an injunction order by the Brazilian court regarding its deal with Petróleo Brasileiro (Petrobras) for the acquisition of two offshore fields, in which Petrobras intends to appeal. Image from Karoon…
Karoon Gas Australia has been awarded a three-year commitment to explore the Great Australian Bight (GAB), in which the company will focus on acquiring seismic surveys, offshore South Australia. Map of GAB…
Petróleo Brasileiro (Petrobras) is in negotiations with Karoon Gas Australia to sell its stake in the Baúna and Tartaruga Verde fields, offshore Brazil. The proposed deal will see the sale of 100% stake in the Baúna field, in the shallow waters of post-salt Santos Basin…
Karoon Gas Australia entered into a binding sale and purchase agreement for Pacific E&P Corp.’s 35% equity interest in the jointly held Santos Basin exploration blocks S‐M‐1037, S‐M‐1101, S‐M‐1102, S‐M‐1165 and S‐M‐1166, offshore Brazil…
A number of key contracts were awarded in 1H 2016 in Brazil, pointing to a recovery of the local oil and gas sector. The Polvo FPSO (right) while docked at Keppel FELS shipyard. Photo from Keppel…
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