RIO DE JANEIRO (Reuters) - Brazil’s far-right president-elect Jair Bolsonaro said on Thursday that debt-ridden state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) is not in the position to afford new investments and will need to look for partnerships. Bolsonaro also said that a proposed deal between Embraer SA (EMBR3.SA) and Boeing Co (BA.N) that... Continue Reading →

Drilling campaign is the first of the oil company as operator in the pre-salt by epbr November 1, 2018 IBAMA issued an operating permit authorizing the drilling, completion and abandonment of four Total wells in the Lapa field, in the Santos Basin pre-salt. The license is valid for five years and will be the first... Continue Reading →

10/31/18 Brazil could get four private refineries in the next decade, increasing its processing capacity by 100,000 b / d. The new plants are being planned by Noxis Energy, a Rio de Janeiro-based company that intends to invest US $ 1.3 billion in the projects. The agreements to lease or buy the land are still... Continue Reading →

The current fundamentals in the market aren’t driving values; buyers are. As deepwater drillship transactions keep trickling in, values are likely to climb further. Golden Close Maritime Corp. announced [on Tuesday] the sale of their only drilling rig, the Deepsea Metro I, to an Asian buyer. The drillship, built in 2011 by Hyundai Heavy Industries and... Continue Reading →

Following Offshore Energy Today’s report this week that Ensco had won a drillship deal with France’s Total, the driller has shared more info on the deal. According to Ensco, the Ensco DS-9 was actually awarded a one-well, four-month, contract with Total offshore French Guiana. The contract, Ensco said, is expected to start in January 2019, and end... Continue Reading →

RIO DE JANEIRO (Reuters) - Brazilian federal judge Sergio Moro, a crusading anti-corruption judge, said on Thursday he had accepted an offer from far-right President-elect Jair Bolsonaro to lead the justice ministry, drawn by the chance to implement a broad agenda to combat graft and organized crime. Moro, who led the so-called “Operation Car Wash”... Continue Reading →

Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3) announces its 3Q18 earnings. Quarter Highlights Net Revenue of R$ 224.6 million, over twice that of 3Q17 Highest Operating Results in Company history: R$ 130.1 million Highest ever adjusted EBITDA: R$ 107.1 million in 3Q18, vs. R$ 22.8 million in 3Q17 Highest contribution margin for Polvo since 2014... Continue Reading →

Rio de Janeiro, October 31, 2018 - Petróleo Brasileiro SA - Petrobras reports that today it prepaid a debt with Banco Santander in the amount of US$ 1 billion, due 2023. Simultaneously, it signed with the same institution a new line of credit worth US$ 750 million, due October 2028 and with more competitive financial... Continue Reading →