RIO DE JANEIRO, BRAZIL – May 21, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes of the series set forth in the tables below (all such […]
05/17/18 Premier Oil is expected to drill a well in block CE-M-717 in the Ceará Basin in 2020, according to a review of the plan made by the ANP. The original commitment was to drill two wells, but switched to a single well with two targets to test […]
05/21/18 Brazil will demand 20 new tankers by 2025, pulling the world’s demand for oil tankers and gassers. The forecast is from Teekay Offshore, based on data from Rystad Energy. The estimate considers that the production of oil and gas in fields that use ships as means of […]
Offshore oil and gas explorer Kosmos Energy has encountered problems while drilling an offshore well in Suriname and will have to start again. Kosmos on Monday said: “The Anapai-1 well drilling in Block 45 offshore Suriname encountered shallow borehole stability issues before reaching the target interval. Kosmos and […]
Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc (BAMa.TO) and its subsidiaries have made nearly a dozen major acquisitions there since 2013. The companies have spent about $10 billion on […]
The oil market gives signs that it is leaving the ICU after years of uncertainties in the Brazilian economy, but the oil and gas industry in Brazil shows signs of recovery. During the Oil and Gas Seminar held this week in Rio de Janeiro, the panelists unanimously stated […]
05/18/18 The ANP intends to hire the company that will carry out the environmental assessment of the sedimentary area of the Sergipe-Alagoas and Jacuípe basins at the end of May. The winning company was Ecology in open bidding earlier this year. The hiring of the company is in […]
May 17, 2018 Spanish Repsol will change the focus of its business. It does not want to grow in the oil and gas sector, but wants to make a transition to the cleaner energy segment. The Spanish company is the first among its peers to take such a […]
Relative: increase or not, investment will depend on the upcoming auctions, with greater commitment in exploration The president of Petrobras, Pedro Parente, sees space for the company to increase investments, albeit in a timely manner, in the new version of the company’s business plan. The oil company is […]
Rio de Janeiro, May 17, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that the revision process of the Transfer of Rights Agreement continues to be negotiated between the company and representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance and Ministry of Planning, […]
