Ecopetrol and Petrobras announce joint-venture to market natural gas from Colombia’s Sirius Project
Ecopetrol, Colombia's energy company run by the state and Petrobras, Brazil's oil firm owned by the state, announced a partnership on Thursday for a joint marketing of natural gases from Colombia's Sirius Project. Ecopetrol owns 55.6% of the Sirius block, Petrobras holds the remaining 44.4%…
Amapa Governor: Brazil's Petrobras is studying a logistics base for Amapa
Clecio Liu, the governor of the Amazonian State of Amapa told reporters that Brazil's Petrobras had authorized studies to build a logistics centre in the state. Last week, the state-run oil company began exploring a promising offshore area. Luis explained that…
Petrobras and SBM are in discussions over FPSOs to be used for deepwater projects at Sergipe
Petrobras, Brazil's state oil company, is currently in negotiations with SBM Offshore about two floating production ships to be used for the Sergipe deepwater project. The head of Petrobras Exploration and Production announced this on Wednesday. Sylvia Anjos…
Petrobras and Equinor have acquired the majority of blocks at Brazil's presalt auction
The oil regulator ANP announced on Wednesday that Brazil's Petrobras, the state-run oil company, and Norway's Equinor had won a block in Brazil's Pre-salt Area. They each acquired one and partnered up to acquire a third, according to ANP. Karoon Energy, based in Australia, also purchased a block.
Petrobras CEO: Production at Foz do amazonas could start in seven years
Magda Chambriard, Chief Executive of Petrobras, said on Tuesday that the Brazilian state-owned oil company could begin oil and gas production within seven years in the Foz do Amazonas Basin if the presence of large reserves is confirmed. Petrobras will drill…
The Colombian Sirius gas project is moving forward with consultations and nearing the contracting phase
Alcindo Moritz, Petrobras Colombia's chief, said that the project Sirius, which is being developed by Ecopetrol, a state oil company in Colombia, and Petrobras of Brazil, off its Caribbean coast, has nearly completed half of the consultations with communities who could be affected by it.
Poll shows that the majority of Brazilians are opposed to oil drilling near Amazon coast
According to a Datafolha poll commissioned by Eko (a corporate accountability group), a majority of Brazilians think President Luiz inacio Lula da Silveira should ban oil exploration near the Amazon rainforest coast, which is a sensitive eco-system and Brazil's most promising frontier for oil.
Petrobras to meet 20% of the country's nitrogen fertilizer demand in 2026
Magda Chambriard, CEO of Petrobras, said that the company will be able meet about 20% percent of the total nitrogen fertilizer demand in Brazil next year once it restarts its operations at three plants. According to Petrobras' strategic plan, the Bahia plant and the Sergipe plant…
BP seeks partner for Brazil Bumerangue Block
BP's Brazil Chief Andres Guevara de la Vega announced on Thursday that the oil giant will look for a partner in order to evaluate the discovery made at Brazil's Bumerangue Block. It could also reach a deal with a partner before making a final decision about investing in the project.
Brazil environmental agency approves Petrobras emergency drill results in Foz do Amazonas
Documents seen by revealed that Petrobras passed the emergency response test set by environmental regulators for the Foz do Amazonas Basin on Wednesday. This marks a major victory for the state oil company in its goal to drill in this environmentally sensitive area.
Oil companies ask Brazil's antitrust watchdog to interfere in Subsea7 and Saipem merger
Public documents obtained by show that Exxon Mobil and Brazilian state-run Petrobras, as well as oil services provider TechnipFMC, petitioned Cade, the country's antitrust regulatory body, to intervene in an energy contractor merger between Subsea7 & Saipem.
Ecopetrol will beat its 2025 drilling target and may even best the output target, says executive
Rafael Guzman said that Colombian state energy company Ecopetrol will exceed its goal of drilling 10 oilwells in 2025 by 20% to 40%. It has been reported that the company drilled six successful wells during the first half of this year. Guzman said on the sidelines…
Lula: Brazil's environmental agency must be satisfied with Petrobras tests in offshore areas.
Brazil's president Luiz Inacio Lula Da Silva said that the environmental agency Ibama must be satisfied with results of a emergency drill conducted by the state-run oil company Petrobras within the Foz do Amazonas Basin. Petrobras already conducted the test.
Petrobras passes key test for Amazon exploration license
The Brazilian state-owned oil company Petrobras concluded an emergency drill on Wednesday in the Foz do Amazonas Basin, according to the company and Brazil’s environmental agency. This was one of the last steps required to secure the controversial exploration license for the mouth of Amazon river.
Petrobras begins emergency drill in Foz do Amazonas basin
Two sources familiar with the situation said on Monday that the Brazilian state-owned oil company Petrobras started an emergency drill on Sunday in the Foz do Amazonas area. Petrobras considers the so-called preoperative assessment as the final step in an environmental…
O Globo reports that Petrobras is considering investing in Raizen as a way to enter the ethanol market.
The Brazilian state-owned oil company Petrobras, according to local newspaper O Globo, is looking at investing in sugar and bioethanol producer Raizen, as a means of reentering the ethanol industry. Petrobras has previously stated that it is looking to return…
Petrobras Simulation for Foz do Amazonas Drilling License scheduled for late August
Ibama, the Brazilian environmental agency and Petrobras, the state-run oil firm in Brazil's Foz do Amazonas Region have planned a disaster simulation for the week beginning August 24. Pre-operational assessment is the final step before Ibama decides whether…
Colombia's Ecopetrol reports a 46% drop in profit as oil prices fall
Ecopetrol, Colombia's state-owned oil company, reported a 46% drop in its net profits for the second quarter 2025. This was due to lower oil prices globally, which impacted sales. Production also decreased. The company reported a net profit of 1.81 trillion pesos ($450 million) for the three-month period ending June…
Equinor's auction prospects are boosted by BP's large Brazil oil and gas discovery
The announcement by BP on Monday that it had made its largest oil and gas find in 25 years off the coast of Brazil in Santos Basin bodes well both for Equinor and for their nearby interests. It also shows a strong appetite to auction oil blocks in October in this region.
Sources say that the CO2 levels are crucial to BP-Petrobras' partnership in Bumerangue Block.
Three sources from the Brazilian state oil company told us that a possible partnership between BP, Petrobras and the British firm to develop BP's oil-and-gas find in Brazil's Pre-salt Layer would depend on the carbon dioxide levels of the reservoir. BP's chief…