The company operates the Açu Port and originated from LLX Logística SA, from the entrepreneur Eike Batista, the tender offer  occurred on Friday. Prumo Logística said on Monday that it will proceed with the cancellation of its registration as a publicly-held company after the successful public takeover bid on Friday , according to company’s relevant... Continue Reading →

March 13, 2018 Petrobras is licensing a pilot project for offshore wind generation at the Ubarana field in the Potiguar Basin. The oil company will install a tower with an aero-generator, an anemometric tower and an umbilical electric-optical submarine cable of approximately 1 km of extension at about 20 km of the coast of Guamaré,... Continue Reading →

With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels. Out of 22 analysts tracked by Bloomberg who follow China’s state-run global oil major, 14 recommend buying the stock and none call for selling. Consensus price... Continue Reading →

CEFC China Energy Co.’s rapid ascent was shrouded in mystery. So is the turmoil that’s engulfing the Shanghai-based company. Its chairman, Ye Jianming, is said to have been investigated by authorities, and the company is reported to have been taken over by an arm of the Shanghai government. Speculation that the company is connected to China’s military, the People’s... Continue Reading →

Rio de Janeiro, March 9, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (“Teaser”) regarding the transfer of Petrobras’ total stake in the Piranema and Piranema Sul fields. In this project, Petrobras, operator with a 100% equity interest, offers all the rights in the maritime concessions Piranema... Continue Reading →

Rio de Janeiro, March 08, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/07/2017 and press release disclosed on 11/17/ 2017, hereby announces the start of the binding phase regarding the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project,... Continue Reading →

Brazilian police on Friday served fresh search warrants in a new phase of the so-called “Car Wash” investigation that targeted a former cabinet minister and a consortium accused of corruption relating to construction of the Belo Monte hydroelectric dam. Read more

  March 9, 2018 In a new expansion of its E & P portfolio, with the completion of the acquisition of Maersk Oil, Total becomes a partner of two more projects in the Brazilian offshore exploration phase. The discoveries in Total's portfolio are in blocks C-M-61 and C-M-101, operated by Anadarko - which has even... Continue Reading →

Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude. “I cannot remember ever in my career having seen a negative decline rate,” the British oil-giant’s chief executive officer said in an interview on the sidelines of the CERAWeek by... Continue Reading →

OGCI Climate Investments, an investment vehicle formed by several oil majors  through their joint Oil and Gas Climate Initiative, has this week announced a $20 million grant aiming to fund technologies that will help reduce methane emissions, helping slow down the global warming. The announcement of the $20 million commitment was made on Wednesday by... Continue Reading →