Ibama has denied licensing and has ordered BP to complete environmental studies for a well drilling campaign in the FZA-M-59 exploratory well area, which was won in the 11th round bids in 2013. This is the second time in 2017 that the environmental body asks for complementation for the studies of the British company in... Continue Reading →
Libra to have its first oil shipment in early January, says Petrobras
Petrobras predicts that the first shipment of oil produced in the Libra area in the Santos Basin pre-salt will take place in early January, said the company's chief operating officer, Fernando Borges. Libra, which started operations last week, is currently producing about 17,500 barrels of oil per day and is expected to reach an... Continue Reading →
Petrobras makes first big service tender after Lava – Jato
Petrobras will reform 75% of its platforms in the Campos Basin, an investment of R $ 3 billion in the first big service tender since 2014 when Lava - Jato started. The estimate is that the investment will create 3,000 jobs mainly in the Macae region according to Abespetro's projections, the association of companies providing... Continue Reading →
Brazil environmentalist Marina Silva to run for president in 2018
BRASILIA (Reuters) - Former Brazilian senator and environmental minister Marina Silva said on Saturday that she would seek her party’s nomination to run for president next year. Read more
Blackstone Offers $6 Billion for Petrobras Pipeline
Blackstone Group has teamed up with its Brazilian partner to compete for Petroleo Brasileiro SA’s natural gas pipeline network in the country’s northeast, said people with knowledge of the matter. Blackstone and Patria Investimentos Ltda are one of at least three groups that have made non-binding offers up to $6 billion to acquire the asset, the people said, asking... Continue Reading →
Declaration of Commerciality of the Libra Northwest area, in the Pre-salt of Santos Basin
Rio de Janeiro, November 30, 2017 – Petróleo Brasileiro S.A. – Petrobras, as the Operator and acting on behalf of the Libra Consortium, announces that today it submitted the declaration of commerciality to the Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) regarding the oil accumulation located in the northwestern portion of Libra block,... Continue Reading →
Another Solstad Farstad PSV to work for Statoil offshore Brazil
Statoil’s Brazilian subsidiary has awarded a contract to one of Solstad Farstad’s platform supply vessels (PSV). Solstad Farstad said on Thursday that Brasil Óleo e Gás Ltda. had awarded a two-year firm contract to the Brazilian flagged Sea Brasil PSV. The company added that Statoil had an option to extend the contract for two... Continue Reading →
Graña y Montero Announces Its Full Cooperation with the Public Ministry Investigations / Odebrecht
Graña y Montero S.A.A (NYSE:GRAM) (BVL:GRAMONC1) a leading Engineering and Construction company, expresses its full cooperation with the actions of the Office of the Prosecutor regarding investigations into the projects in which our company, along with other Peruvian companies, participated as a partner with the Brazilian company Odebrecht. Read more
Copersucar partners with BP on ethanol complex in Brazil
SAO PAULO (Reuters) - Brazil’s Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50-50 logistics joint venture in the country. The venture will operate Copersucar’s recently built ethanol storage complex in the Brazilian city of Paulínia, the country’s largest fuels hub. The announcement comes... Continue Reading →
OPEC Is Said to Agree on Oil-Cuts Extension to End of 2018
OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in mid-2018, the delegates said, asking... Continue Reading →
