Brazil’s Andrade Gutierrez to pay $381 million fine to settle graft charges

Andrade Gutierrez Engenharia, a construction company, has signed a 1.49 billion reais ($381.49 million) deal to settle corruption allegations against it, federal authorities said on Tuesday, as part of the so-called “Car Wash” graft investigation. Andrade Gutierrez is one of more than 30 construction companies being investigated in the sprawling probe which has ensnared senior... Continue Reading →

CNPE approves 2019 auctions

  December 16, 2018 The National Energy Policy Council (CNPE) is expected to approve this Monday (17/12) the 16th round and the 6th pre-salt auction. The auctions are scheduled by the National Petroleum Agency (ANP) to take place in the second half of next year. There was strong expectation - even within part of the... Continue Reading →

Petrobras – Diesel Price Subvention Program

Rio de Janeiro, December 14, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/29/18 informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of 8/27/18, the average price of diesel practiced by the company in its refineries and terminals will be R$... Continue Reading →

P-66 continues to lead in production

12/14/18 The P-66 held the second consecutive month as the platform with the largest production of oil and gas in the country, extracting 183 thousand bopd in October, being 146 thousand bopd and 5.8 million m³ / d of natural gas. Petrobras' FPSO ramp-up in the last year is the most marked among the platforms... Continue Reading →

Petrobras Appointment of the new CEO

Rio de Janeiro, December 13, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today it received from its controlling shareholder a letter with the appointment of the economist Roberto da Cunha Castello Branco to serve as President of the company and member of Petrobras Board of Directors. The indication shall be submitted to corporate... Continue Reading →

TechnipFMC Delivers 2019 Forecast

The UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion. The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%. Continue reading

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