Rio de Janeiro, October 4, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Press Release disclosed on 09/08/2017, informs the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte,... Continue Reading →
Petrobras – Sale of Maromba Field in Campos Basin: Start of the binding phase
Rio de Janeiro, October 3rd, 2017 - Petróleo Brasileiro S.A. – Petrobras and Chevron Brasil Petróleo Ltda., further to the Material Fact disclosed on July 6, 2017, inform the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the Maromba Field, in the Campos Basin. At this stage of the... Continue Reading →
Solstad Farstad sells Far Service platform supplier
Norwegian offshore shipping company Solstad Farstad has sold one of its platform supply vessels (PSVs). The sale was made by the Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA to an undisclosed buyer. Solstad Farstad said that the delivery of the vessel to the new owners took place on October 3. The... Continue Reading →
Karoon eyeing ‘hundreds of millions of barrels of oil’ in new offshore block in Brazil
Brazilian oil and gas regulator ANP last week held a licensing round, offering 287 offshore and onshore exploration blocks for oil companies to bid for. Out of the 287 blocks, it offered 76 offshore blocks in the Santos basin, the second largest producer of oil and the first of natural gas in Brazil. Only one... Continue Reading →
Subsea 7 firms up reel-lay vessel order with Royal IHC
Following a letter of intent in September, Royal IHC and Subsea 7 have signed a contract for the design and build of a new reel lay vessel, which will be capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC said on Monday that, in close cooperation with Subsea 7, it had incorporated several innovative... Continue Reading →
Brazil’s largest ever corruption probe nearing its end, judge says
Brazilian federal Judge Sérgio Moro on Monday said the Car Wash probe, Brazil’s largest ever corruption investigation, is nearing completion in the southern city of Curitiba, where it started in 2014. “There are still investigations under way, but a large part of the work has been done,” Moro told reporters in Sao Paulo after a... Continue Reading →
BHP Gearing Up to Start Drilling for Oil in Mexico’s Deep Waters
The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the second half of 2018, Steve Pastor, BHP’s petroleum president, said Monday in an interview in Mexico City. Trion, which Pemex estimates to hold... Continue Reading →
Brazil’s Presidential Race Remains Wide Open, Polls Say
Brazil’s 2018 presidential race remains wide open as half a dozen potential contenders across the political spectrum stand a chance to win the country’s top job, opinion polls show. After years of recession, political crisis and corruption scandal, Brazil’s electorate is deeply divided with former President Luiz Inacio Lula da Silva of the leftist Workers’... Continue Reading →
Petrobras CEO Presentation Oct. 2, 2017, New York.
Petrobras CEO, Pedro Parente, presentation to investors in New York See attached presentation CEO-Presentation-Petrobras-Day-New-York-2017_0
Petrobras – Prepayment of bank debts and new financing
Rio de Janeiro, October 2, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has executed prepayment, renegotiation and new financing operations, in the total amount of US$ 6,3 billion, according to the tables below. Additionally, the company settled a financing operation with the bank BNDES, linked to the Nitrogen Fertilizer Unit III ("UFN-III"),... Continue Reading →
Brazil Energy Insight 