An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil.
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country's north east coast this month.
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Houston-headquartered energy service firm Halliburton has been handed a contract by Petrobras for pre-salt development in the Santos Basin, offshore Brazil.
Dutch oilfield services group SBM Offshore has signed a letter of intent (LoI) with Petrobras to provide an FPSO for the Mero field, 110 miles off Rio de Janeiro.
McDermott International will construct and install subsea risers and flowlines on Petrobras' Sepia field off Brazil.
A Nigerian high court dismissed the government’s claims that local units of Eni SpA and Petroleo Brasileiro SA illegally exported crude oil to the U.S.
Majors including Aramco, BP, Ørsted and Shell will talk about US$150bn of global projects requiring UK products and services
TechnipFMC has won a “significant” contract for work on the Lapa oilfield offshore Brazil.
As neighboring Venezuela collapses, Colombia is hoping to lure oil majors with an unprecedented bidding system: Producers can propose drilling anywhere, at any time, and the country will look into it.
Offshore is ready for the limelight again.
Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013.
Investigators have found “complacency and fatigue”contributed to the death of an offshore worker in the Gulf of Mexico.
To his friends, Rodrigo Berkowitz lived within his means in a rented house in the suburbs of Houston.
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.
Production of an FPSO for Shell has started at a huge oil and gas field in Brazil.
Norwegian energy service company Aker Solutions will supply a subsea production system for Petrobras' Mero 1 project off Brazil's coast.
Energy giant Equinor has now entered into two new built shuttle tanker contracts with Knutsen NYK Offshore Tankers AS.
Oil field services giant Aker Solutions has clinched a contract with Petrobras for maintenance and modifications work on nine platforms in the Campos Basin offshore Brazil.
Former Brazilian president Luiz Inacio Lula da Silva has been found not guilty of obstruction of justice.
An international tribunal has determined that Petrobras, Brazil's state-run oil company, is liable to pay $622 million to settle a contractual dispute with a deepwater drilling contractor operating out of Houston.