Ivan Monteiro continues as president of Petrobras until the appointment of the new president 19/11/2018 Roberto Castello Branco will be the president of Petrobras (PETR3, PETR4), according to a statement by the future Minister of Economy, Paulo Guedes. Guedes confirmed in a statement the appointment of Castello Branco as president of Petrobras under the... Continue Reading →

11/16/18 Based on seismic, oil companies estimate that the basin presents risks and high exploratory costs   High exploratory risk and wells with high costs, amounting to US $ 120 million. The little encouraging scenario was estimated by operators of exploratory blocks in Foz do Amazonas from the results of seismic surveys in the basin,... Continue Reading →

11/16/18 Supply contracts are extended to December 2021 and companies negotiate new terms   Comgás and Petrobras closed a legal dispute involving an amount of R $ 1 billion, related to commercial practices in the sale of natural gas. With that issue resolved, the two companies renewed their supply contracts to 2021 and are now... Continue Reading →

11/16/18 Conformity and difficulties in obtaining guarantees and financing threaten the contract   Exmar runs the risk of not being able to ratify the charter agreement with Petrobras for the Buzios V FPSO, scheduled to start operating in 2021, in the onerous assignment field in the Santos Basin. BE Petróleo found that the oil company... Continue Reading →

11/16/18   The ANP board approved Shell's exploration plan for the southern area of ​​Gato do Mato. The oil company intends to drill two wells in the sharing area, contracted in the 2nd pre-salt auction in 2017. QGOG's Brava Star drill rig was hired to run the campaign at a rate of $ 130,000 /... Continue Reading →

Investors on Friday welcomed the appointment of Santander executive Roberto Campos to head Brazil’s central bank as a sign President-elect Jair Bolsonaro will entrust economic and monetary policy to a market-friendly team of economists. Analysts said Bolsonaro, a former army captain and lawmaker who has admitted having scant knowledge of economics, was assembling an experienced... Continue Reading →

There are 42 exploratory blocks in the 16th round and another five in the 6th pre-salt auction November 16th, 2018 The Jair Bolsonaro government can bring to market the offer of 47 offshore exploration blocks in its first year. There are 42 blocks indicated by the National Petroleum Agency (ANP) for the 16th round of... Continue Reading →

November 16, 2018 2019 will bring the revitalization plan for the Marlim and Voador fields, Petrobrás projects involving the retirement of nine FPSOs and the installation of two new units. But deadlines are short to maintain the schedule of the new platforms in 2021, as predicted in the company's business plan. FPSOs 1 and 2... Continue Reading →