22 Mar (Reuters) – ExxonMobil is rumored to be negotiating  a thermoelectric plant, in Rio Grande do Sul, originally contracted by the Bolognesi Group, whose concession was canceled in October, according to Valor newspaper. According to the report, representatives of the company met at the beginning of the month with the National Energy Agency (Aneel)... Continue Reading →

Settlement of the Second Installment of the Sale of Exploratory Block BM-S-8 03/21/2018 Rio de Janeiro, March 21, 2018 - Petróleo Brasileiro S.A. - Petrobras informs that it has received today the second installment, in the amount of US$ 300 million, related to the sale of its stake in the exploratory block BM-S-8 to Statoil... Continue Reading →

Brazil’s central bank cut interest rates to an all-time low on Wednesday and unexpectedly signaled it is likely to pursue another reduction at its May meeting as inflation continues to underwhelm. The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 25 basis points to 6.50 percent, capping a 775-basis-point... Continue Reading →

PetroChina Co., the country’s biggest oil and gas company, once again rewarded shareholders by paying out its entire net income as dividends. After a surprise payout from its half-year results in August, the Beijing-based company said Thursday it will send investors dividends that amount to slightly more than its 22.8 billion yuan ($3.6 billion) in 2017 net income. Read... Continue Reading →

03/22/2018 In an extraordinary meeting held Wednesday , the CNPE validates the autonomy of  ANP to regulate the case and begins countdown to the resolution of the national content The waiver issue will ultimately be regulated by mid-April. Following the proposal recommended by Pedefor, (Program to Encourage the Competitiveness of the Production Chain, Development and... Continue Reading →

Shell expects to begin drilling the Gato do Mato area early next year. The company has already filed an environmental licensing process to drill, which is in a more advanced stage of development compared to other company assets, company president André Araújo said. While awaiting the issuance of the license, the company is in negotiations... Continue Reading →

Petrobras postponed for the sixth time in a row the bidding deadline for chartering the Búzios V FPSO, a unit scheduled to be on assignment in 2021. With the extension, the new deadline was re-scheduled for April 13. The postponement, according to sources, was motivated not only by the request of some participating companies but... Continue Reading →

The oil, natural gas and biofuels areas already have investments guaranteed around R $ 800 billion by the end of the next decade with projects announced or contracted by the government since May 2016. In a positive tone, on the eve of a change in the team that will be triggered by Minister Fernando Coelho... Continue Reading →

March 20, 2018 The Ministry of Transparency and Comptroller General of the Union (CGU) said on Tuesday (20/3) the company Sanko Sider is ineligible to contract with the public administration. The decision is the eighth penalty applied to the companies investigated in Operation Lava Jato. The punishment prevents for at least two years participation in... Continue Reading →

The Brazilian central bank is likely to cut interest rates once again to a new low on Wednesday as stubbornly muted inflation derailed its plans to halt monetary easing. Read more