Rio de Janeiro, March 1, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 12/10/2018, announces the beginning of the binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espírito... Continue Reading →

  Petrobras intends to use the billions of reais it will receive by renegotiating the Transfer of Rights agreement to buy new assets in the surplus auction of the same. The president of the company, Roberto Castello Branco, said yesterday that he does not have the resources to de-lever the company and that the oil... Continue Reading →

Offshore driller Ensco managed to take the edge off some of its quarterly loss but remained in the red with decreased revenues ahead of its merger with Rowan. Ensco’s revenues were impacted by lower floater utilization and dayrate decline. In one of its last quarters as Ensco before it merges with Rowan, Ensco recorded a... Continue Reading →