Rio de Janeiro, September 22, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in five sets of onshore fields (totaling 19 concessions), located in Ceará, Rio Grande do Norte and Sergipe states, as per... Continue Reading →
ANP – Oil and gas opportunities in Brazil.
ANP presents the publication of the booklet "Oil and Gas Opportunities in Brazil 2017 - 2019 Bidding Rounds" that provides information on the areas for exploration and production to be offered in the 14th, 15th and 16th Bidding Rounds in the concession regime and also the areas of the 2nd, 3rd, 4th and 5th Pre-Salt... Continue Reading →
PETROBRÁS FINDS PETROLEUM INDICATORS IN THE DOLPHIN FIELD, ESPIRITO SANTO BASIN
Sep, 2017 Petrobrás found evidence of offshore oil in the Espírito Santo Basin. This time, the state oil company notified the National Petroleum Agency about the presence of the input in the 4BRSA1352ESS well in the Golfinho field. The discovery was made in a water depth of 1,448 meters, using the Gold Star drill... Continue Reading →
Extrajudicial mediation with Sete Brasil
Rio de Janeiro, September 21, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release disclosed on June 23, 2017, informs that the extrajudicial mediation procedure with Sete Brasil Participações S.A. (“Sete Brasil”) – currently under Judicial Reorganization - has been initiated, for which the mediator chosen by the parties is Mr. Gustavo... Continue Reading →
OGX changes name to Dommo Energia
Sept 19, 2017 Dommo Energia announces to its shareholders and market that, in an Extraordinary General Shareholders meeting on Sept 19, 2017, the change of OGX Petroleo e Gas S.A. denomination was approved to Dommo Energia S.A. See attached DommoEnergia_eng
Maersk sells tanker business
Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit. The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis. APMHI is a... Continue Reading →
Victory in Defeat as Brazil’s Top Court Speeds Up Temer Case
A majority of Brazil’s Supreme Court rejected a request by lawyers for Michel Temer to suspend the criminal charges filed against him, a decision which may actually benefit the president by paving the way for a swift resolution to the case. The bulk of the court’s 11 judges voted to throw out the defense’s argument... Continue Reading →
Brazil’s Temer says government not considering privatizing Petrobras
Brazil’s President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro (PETR4.SA), a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push. Temer, speaking at a Reuters Newsmaker event in New York, also said that sprawling investigations that have led to corruption charges against scores... Continue Reading →
Total invests in renewables, energy efficiency
French oil major Total which recently announced the acquisition of Maersk Oil for $7.45 billion, is also investing in energy efficiency and renewables businesses. The company on Tuesday announced a partnership with EREN Renewable Energy to expand its renewable business. On the same day, Total said it had acquired GreenFlex, a French company specialized in... Continue Reading →
Bassoe: Offshore drilling rig empires emerging to take over the industry
Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon. We’ve commented on all the offshore rig deals that have happened this year, and there have been quite a few of them. Borr Drilling, Nothern Drilling, Shelf, Ensco, and most recently, Transocean have started acquiring offshore rigs at... Continue Reading →
Brazil Energy Insight 