Rio de Janeiro, September 6, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its debt portfolio management strategy, it has effected the following transactions: (i) prepayment of a NCE (Export Credit Note) of R$ 2.5 billion, issued to Caixa Econômica Federal to mature in November 2018. ii) issue of a new NCE to... Continue Reading →
Big Oil Says It Still Loves North Sea Despite Asset Sales
Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit. The North Sea will always be “one of the great basins,” said BP Chief Executive Officer Bob Dudley. Royal Dutch Shell Plc will keep investing in... Continue Reading →
Ibama releases 4D for Shell in the Campos Basin. P-69 receives installation license
Shell received from IBAMA environmental license for 4D data acquisition for the Ostra field area, in Parque das Conchas, Campos Basin. The license is valid until January 31, 2018 and was being discussed with the environmental agency since 2014. The data acquisition campaign will cover a total area of 3,478.45 km2. The minimum distance from... Continue Reading →
Shell no longer uses Port Açu to tranship oil
Shell has confirmed that it no longer uses the Port of Açu to tranship oil because of environmental issues. "The interruption of the ship-to-ship transfer operations of Shell's cargoes in Açu effectively led to the suspension of payments related to this activity, since the port failed to comply with contractual security clauses," the company said... Continue Reading →
Brazil former presidents Lula and Rousseff charged in corruption case
Brazil’s top prosecutor on Tuesday charged former Presidents Luis Inacio Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal. The prosecutor, Rodrigo Janot, alleged that eight members of the Workers Party, including Lula and Rousseff, committed a series of... Continue Reading →
France Proposes to End Oil Output by 2040 With Exploration Ban
France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting Wednesday. The move would allow the government to turn down more than 40 exploration requests already made, while some existing permits may be extended... Continue Reading →
Petrobras – Sale of 90% equity interest in TAG: Opportunity Disclosure – Teasers
Rio de Janeiro, September 5, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the sale process of 90% of its stake in Transportadora Associada de Gás S.A. ("TAG"), a wholly-owned Petrobras subsidiary. TAG is a company that operates in the natural gas transportation sector,... Continue Reading →
Emas Offshore eyes $50 million investment as part of restructuring
Offshore services provider Emas Offshore has started restructuring process in Singapore and entered into an agreement with potential investors who will put in $50 million into the company as part of its financial restructuring. The restructuring application was filed at the end of August. Read more
Petrobras – Reduction of Significant Shareholding Interest/BlackRock
Rio de Janeiro, September 4, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of August 31, 2017 it manages shareholding interest... Continue Reading →
Approval of the amendment to the Bylaws of Petrobras Distribuidora and its corporate restructuring
Rio de Janeiro, September 5, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 8/25/2017, informs that the Shareholder’s General Meeting (SGM) of Petrobras Distribuidora S.A. (BR) approved in a meeting held on 8/31/2017, its corporate restructuring, as well as the amendment of its Bylaws. The main changes to the... Continue Reading →
Brazil Energy Insight 