March 12, 2019 (Reuters) - President Jair Bolsonaro's government has discussed a review plan to regulate the natural gas sector to increase competition and reduce costs for input consumers, such as industries, a senior source told Reuters. The measures would partly retake a program outlined during the Michel Temer administration, the so-called "Gas to Grow",... Continue Reading →
Oceaneering Gets Equinor Contract Renewal
Oceaneering International has secured a contract renewal from Equinor, covering the provision of maintenance, reliability and integrity management. The contract, which was originally awarded to Oceaneering’s integrity business in 2005 and competitively tendered again in December 2013, is extended until December 2020. Continue reading
Eni hits ‘major oil discovery’ offshore Angola
Italian oil company Eni has announced “a major oil discovery” in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside, Eni said on Wednesday. The Agogo-1 NFW well, which has led to... Continue Reading →
Petrobras announces the Pricing of Global Notes and increase of Waterfall Tender Cap
March 12, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of (i) additional notes of its 5.750% Global Notes due 2029 (CUSIP No. 71647N AZ2/ ISIN No. US71647NAZ24) (the “2029 Notes”) and (ii) new notes denominated in U.S. Dollars (the “New Notes” and, together with the 2029 Notes, the “Notes”)... Continue Reading →
Petro Rio S.A. Announces 2018 Earnings
Petro Rio S.A. (“PetroRio” or “Company”) (B3: PRIO3) announces its results for the fourth quarter of 2018 (“4Q18”) and 2018 financial year. The financial and operational information below, except if otherwise indicated, is presented on a consolidated basis and stated in Brazilian Reais (R$) according to International Financial Reporting Standards (IFRS), including our direct subsidiaries:... Continue Reading →
Lopez Obrador rebuts finance ministry over $2.5 billion Mexico refinery funding
Mexican President Andres Manuel Lopez Obrador on Tuesday denied any delay to a flagship refinery project in his home state after the deputy finance minister was quoted as saying $2.5 billion for its construction will be moved to state oil firm Pemex. The planned investment for the Dos Bocas refinery “can go to exploration and... Continue Reading →
Búzios V FPSO delayed another
March 12, 2019 The first oil of the Búzios V FPSO will delay another year. Petrobras postponed from 2021 to 2022 the start date of the Transfer of Rights assignment project in the Santos Basin pre-salt, originally planned for 2020. The delay was confirmed by the oil company, but was already taken for granted by... Continue Reading →
Shell inks contracts for two blocks offshore Colombia
Colombia’s regulator Agencia Nacional de Hidrocarburos (ANH) and Shell have signed exploration and production contracts for two blocks offshore Colombia. Officials from Shell and the country’s regulator on Monday, March 11 signed the exploration and production contracts for the “COL 3” and “GUA OFF 3” blocks in the Colombian Caribbean Sea with an investment commitment... Continue Reading →
Petrobras – Disinvestments in Shallow Water: Beginning of binding phase of Polo Rio Grande do Norte
Rio de Janeiro, March 11, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact dated 07/28/2017 and Notice to the Market dated 10/4/2017, announces the beginning of the binding phase of the competitive process for the assignment of all exploration, development and production rights of Polo Grande do Norte, located in... Continue Reading →
Cade approves sale of Pasadena Refinery
Cade has approved Chevron's acquisition of the Pasadena Refinery, a deal announced by Petrobras at the end of January. The operation is valued at US $ 562 million, of which US $ 350 million is worth of shares and US $ 212 million of working capital with a base date of October 2018. The... Continue Reading →
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