Archive for the ‘Oil and Gas Brazil’ Category

TNK-Brasil Signs Farm-In and Operating Agreement with Brazil’s HRT O&G

Comments Off | 11-1-2011

TNK-Brasil (a 100% subsidiary of TNK-BP Group) announced Monday that it has signed a farm-in and a joint operating agreement (JOA) with the Brazilian company HRT O&G. Through the deal TNK-Brasil will acquire a 45% stake in the Solimoes Basin project in Brazil.
The 21 oil and gas exploration blocks, majority owned and operated by HRT [...]

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Baker Hughes opens new research and technology center in Rio de Janeiro

Comments Off | 10-10-2011

Baker Hughes announced Friday the opening of a new research and technology center in Rio de Janeiro designed to enable the development of technologies and solutions to unlock the full potential of deep water and pre-salt reservoirs.
Andy O’Donnell, president of the Western Hemisphere for Baker Hughes said; “Baker Hughes’ new research facility on the CENPES [...]

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HRT Participações acquires four heli-transportable drilling rigs

Comments Off | 09-23-2011

HRT Participações em Petróleo S.A., Thursday signed a contract with the Joint Venture Andrews Technologies, Inc. and Sichuan Honghua Petroleum Equipment Ltd. for the acquisition of four heli-transportable drilling rigs for the exploratory campaign in the Solimões Sedimentary Basin.
The bidding process for the hiring of the drilling rigs was published on June 15 of this [...]

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Barra Energia clinches two separate deals to acquire a combined 30% stake in Santos basin oil block

Comments Off | 09-23-2011

Brazilian independent oil firm Barra Energia has clinched two separate deals to acquire a combined 30% stake in Block BS-4 in the Santos basin.
The company secured a 20% participation interest from US oil company Chevron and the remaining 10% that Anglo-Dutch super major Shell held in the license, home of the Atlanta and Oliva heavy-oil [...]

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Santos Offshore Oil & Gas Expo in Brazil acquired by Reed Exhibitions

Comments Off | 09-19-2011

Reed Exhibitions announced Friday the acquisition of Santos Offshore Oil & Gas Expo. The investment comes as the latest addition to a growing number of events in Reed’s global energy portfolio. Held in the port city of Santos in Sao Paulo State, Santos Offshore enjoys a key geographic position.
Brazil continues to develop the extensive Pre-salt [...]

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OGX Subsidiary Acquires Participation in Block in the Parnaíba Basin

Comments Off | 09-14-2011

OGX, the Brazilian oil and Gas Company responsible for the largest private-sector exploratory campaign in Brazil, announced the acquisition, through its subsidiary, OGX Maranhão Petróleo e Gás Ltda., of a 50% stake in the onshore exploratory block, PN-T-102, in the Parnaíba Basin in the state of Maranhão.
The approval of this acquisition was published on the [...]

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Petroleo Brasileiro SA to invest upwards of US$224 billion in Brazil and overseas investments

Comments Off | 07-26-2011

Bloomberg Monday reported that Brazilian state owned oil and gas major, Petroleo Brasileiro SA (Petrobras), plans to boost debt and sell assets after approving a $224.7 billion investment plan.
Under the investment plans, Petrobras will raise as much as $91 billion in debt and sell up to $13.6 billion of assets as part of the spending [...]

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Shell sells participation in an exploration block in Santos Basin, Brazil

Comments Off | 07-23-2011

Shell announced it has sold for US$ 350 million the 20% shares that it had in the BM-S-8 block of the Santos Basin. The buyers were the newly formed company Barra Energia, which acquired 10% of the area – its first asset in the country – and the Brazilian Queiroz Galvão Exploração e Produção (QGEP), [...]

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Russia’s TNK-BP in Farm-out Agreement with Brazilian Petra Energia

Comments Off | 07-20-2011

TNK-BP has signed a farm-out agreement with Petra Energia for the acquisition of a 45% stake in 21 blocks in the Brazilian Solimoes Basin.
The 21 oil and gas exploration blocks, majority owned and operated by HRT O&G, covering an area of approximately 48,000 km2, are located in the Amazon’s Solimoes basin. According to a Degolyer [...]

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Barra Energia to acquire 10% of Block BMS-8 from Shell Brasil Petróleo Ltda

Comments Off | 07-7-2011

Barra Energia do Brasil Petróleo e Gás Ltd (Barra Energia) announced that it has entered into an agreement to acquire 10% of Block BMS-8 from Shell Brasil Petróleo Ltda, which currently owns a 20% participation in the area. Financial terms of the transaction were not disclosed.
The block is located offshore in the Santos Basin in [...]

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