10/17/18 The possible formation of a joint venture between Petrobras and CNPC to develop the revitalization projects of Marlim and Comperj follows the strong movement of China's entry into the Brazilian oil sector. According to the Ministry of Planning, oil and gas projects (announced or confirmed) attracted about $ 40 billion in Chinese investments between... Continue Reading →

Brazil’s federal police have asked the supreme court to indict President Michel Temer and confiscate his assets and those of some of his close associates over alleged graft, according to a copy of its report for the court, seen by Reuters on Tuesday. Read more

Efforts to unite the Brazilian left against right-wing presidential front-runner Jair Bolsonaro have snagged on internal squabbles, making it even harder to close a gap in opinion polls less than two weeks before the run-off election. Read more

931/5000 10/16/18 Petrobras begins receiving proposals for the supply of chemical injection skids for 11 offshore platforms in the Campos Basin.The tender is divided into three lots. The first (Acid Route) includes the acquisition of complete tank skids and four pumps for the P-18, P-19, P-26, P-32, P-37, P-48 and PPM-1 platforms, as well as a skids... Continue Reading →

10/16/18   Tenders promoted by international oil companies are moving the offshore logistics support market and may result in the contracting of up to five berths for boat mooring. Equinor is seeking up to two berths to service its operations in the Campos and Santos Basins. Shell needs a berth to support its drilling campaigns... Continue Reading →

The Italian oil-services provider, which builds projects for the fossil-fuel industry, says it may get more than half its work from clean-energy clients in a decade. That reflects a persistent lack of oil-company investment in the wake of crude’s crash, and a boom in renewables. “In 10 years, green energy could account for 50, 60%... Continue Reading →

Brazil has 844 exploration blocks available. Of this total, 158 may be put into operation. The ANP published in the Official Gazette the names of three other companies approved by the Special Bidding Commission (CEL) for the Permanent Offer: DEA Deutsche Erdoel AG, Petrol Serviços de Sondagem Ltda. and Ubuntu Engenharia e Serviços Ltda. In... Continue Reading →

Rio de Janeiro, October 16, 2018 - Petrobras informs that today it signed an Integrated Project Business Model Agreement (“IPBMA” or “Business Model Agreement”) with China National Oil and Gas Exploration and Development Company (“CNODC”), a subsidiary of CNPC, advancing towards their Strategic Partnership, as disclosed to the market on July 4, 2018. The Business... Continue Reading →

Brazil’s far-right presidential front-runner Jair Bolsonaro could revise the country’s model of production-sharing contracts in its coveted pre-salt oil fields if he wins this month’s election, newspaper Valor reported on Monday. The poll leader ahead of the Oct. 28 run-off vote could also end overseas financing by state development bank BNDES, Valor reported, citing unnamed... Continue Reading →