Brazil

Norwegian offshore rig provider Seadrill has provided further details on plans originally unveiled in 2011 to launch an initial public offering of shares in its Brazilian unit Seabras... 2012-01-27

OGX has received some much-needed and encouraging news after discovering a huge hydrocarbon column with its Fortaleza well, which is showing promise in the Santos Basin. The company... 2012-01-17

France's Total, Norway's Statoil and Denmark's Maersk Oil are among the firms expected to bid for Anadarko Petroleum's Brazilian assets, the Financial Times (FT) reported on January... 2012-01-16

French independent Perenco announced on January 6 2012 that it had signed a deal with the Brazilian subsidiary of China's Sinochem to farm-out stakes in its five offshore concessions... 2012-01-09

A declaration of commerciality at the Petrobras-operated Guara field has been issued to Brazil's National Petroleum Agency (ANP). The prospect illustrates the enormous reserves and... 2011-12-30

News that federal prosecutors will hit Chevron and Transocean with an unprecedented fine and production injunction is likely to be motivated by a desire to restore public faith in offshore... 2011-12-15

A US$1.5bn loan could help restore momentum to the the Abreu E Lima project after years of delays. The loan is likely to see China secure valuable crude supplies.

BMI View: Petrobras' latest offshore discovery in the Santos basin further confirms Brazil's subsalt potential. However, disagreements over royalties continue to hamper the monetisation... 2011-11-30

Chevron's Frade oil spill, which leaked from a relatively small oil fissure in the seabed, has become a major issue in Brazil and has cast a shadow over the company's future in the... 2011-11-24

The consequences of the Frade oil spill are only just beginning to emerge, with Brazil's ANP issuing Chevron with a US$28mn fine on November 22. The fines are likely to grow but it... 2011-11-22