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For 2018, GeoPark is focused on Colombia's Llanos 34 Block where it plans to invest about $90 million.
Challenges posed by the hostile environmental characteristics of Brazilian presalt oil and gas fields have prompted Petrobras to weigh use of rigid risers instead of flexible risers, which are mostly used by the company offshore Brazil.
A larger FPSO unit and subsea systems could be in store for the second phase of the ExxonMobil-operated Liza development offshore Guyana.
The Brazilian government could launch a mega-auction in June, but it needs to resolve issues regarding valuation of reserves first.
Karoon has been talking to suppliers to contract an FPSO unit for the field.
Shell Brazil CEO André Araújo talks about the company’s plans and expectations for its future in Brazil’s oil and gas segment.
The Brazilian major intends to drill an average of 29 exploratory wells annually by 2020, nearly double the average number of wells drilled in 2016 and 2017.
The regulation, called the Production Safety Systems Rule, addresses safety and pollution prevention equipment, subsea safety devices and safety device testing for oil and gas production on the U.S. Outer Continental Shelf.
ANP, the country’s oil and gas regulator, is working on a regulatory framework aimed at encouraging R&D activity in Brazil.
A recent surge of interest is putting the country on the radars of major oil and gas companies.
The Mercosur and the EU free trade agreement marks a watershed in Brazil's participation in international agreements.
In 2016 China invested $7.18 billion, nearly 80% more than the U.S. invested, in Brazil. The amount of China’s investment is expected to rise in 2017.