Climate change is critical to future energy markets but its effect on Chevron Corp.’s oil and gas business will be minimal for decades to come, the company said in a report Thursday. With the prospect of tighter emission controls, carbon pricing and growth in renewable energy, some investors and activists are pushing companies to reveal the... Continue Reading →

  The Special Bidding Commission (CEL) analyzed the first requests from companies that applied for registration in the 15th Round of Bidding. A total of 14 companies had applications for registration judged and approved by CEL. Of these companies, 12 are of foreign origin and there are big names in the industry. Of the 14... Continue Reading →

For Karine Fragoso, Repetro is a fundamental agenda for the expansion and development of the oil markets 2/28/18 4:39 PM Representatives of companies in the oil and gas market defended, in an event held at FIRJAN, the importance of the new Repetro to ensure a more competitive environment for its productive chain. The event discussed... Continue Reading →

Rio de Janeiro, March 1, 2018 - Petróleo Brasileiro S.A. - Petrobras, in compliance with CVM Instruction no. 358/2002 and further to the press release disclosed on 9/21/2017, reports that its Board of Directors approved in a meeting held yesterday the key terms for a possible settlement, in the context of the extrajudicial mediation procedure... Continue Reading →

Rio de Janeiro, March 1, 2018 - Petróleo Brasileiro S.A. - Petrobras announces that the U.S. District Court for the Southern District of New York (“SDNY”) granted preliminary approval yesterday to its agreement to settle the securities class action lawsuit filed in the United States. The Court’s ruling is another important step towards resolving the... Continue Reading →

Brazil’s economic recovery was weaker than expected in the fourth quarter due to fluctuations in agricultural exports, data showed on Thursday, indicating a gradual but more widely dispersed recovery in Latin America’s largest economy. Read more

SAO PAULO, March 1 (Reuters) - Brazilian state oil company Petroleo Brasileiro SA will continue to lease four rigs from Sete Brasil Participações SA and will terminate 28 other rig lease contracts, possibly settling a long-running legal dispute, it said on Thursday. Petrobras, as the company is known, said in a securities filing the rig... Continue Reading →

Without Russia, Exxon has struggled to grow production. Output has dropped in five of the last six years and the company has made several acquisitions from the U.S. to Mozambique to arrest the decline. Under Tillerson’s successor, Darren Woods, Exxon has shifted more of its focus to the Permian Basin of Texas and New Mexico,... Continue Reading →

The company invested $ 14 billion in the year, below the $ 16 billion forecast in November. 28/02/2018 Petrobras invested US $ 14 billion in 2017, a 12.5% ​​decrease compared to 2016. The information appears in the presentation made by the company's president, Pedro Parente, at an event at FGV, Rio. The amount was below... Continue Reading →

Rio de Janeiro, February 28, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2017 annual results on March 15, 2018, before the market opens. Therefore, the company is in quiet period until the release date, during which it is not able to comment or provide clarifications related to its results... Continue Reading →