A further seven to 10 offshore rigs are at risk of having their contracts cancelled by clients on top of a total of 18 units that have been terminated so far this year amid a market slump, according to Rystad Energy. Steve Marshall Oslo 7 Nov 2016 11:03 GMT Updated 7 Nov 2016 12:44 GMT Rig... Continue Reading →
Petrobras – Clarification on the Review Process of the Transfer of Rights Agreement
Rio de Janeiro, November 4, 2016 – Petróleo Brasileiro S.A. – Petrobras, regarding the news published today in the press on the possible amount due to Petrobras as a result of the review process of the Transfer of Rights Agreement, hereby clarifies that the review process concerning the representatives of Petrobras and of the Federal... Continue Reading →
Petrobras -Stage of negotiations with Alpek on the sale of Petroquímica Suape and Citepe
Rio de Janeiro, November 3, 2016 – Petróleo Brasileiro S.A. – Petrobras, in continuation of the relevant facts disclosed on 07/28/2016 and 09/27/2016, informs that the negotiation with Alpek to sell its participation in Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) has advanced in good terms. Once the steps provided... Continue Reading →
Ex-Brazilian finance minister to stand trial in Petrobras graft case
By Brad Brooks | SAO PAULO A former Brazilian finance minister and chief of staff for successive Workers Party (PT) governments was ordered on Thursday to stand trial on corruption and money laundering charges in an expanding graft probe around state-run oil company Petrobras. Anti-corruption Judge Sergio Moro ruled that prosecutors had presented sufficient evidence... Continue Reading →
US appeals court hears arguments on scope of Petrobras class action
Attorneys for Brazil's state-controlled oil company, Petroleo Brasileiro SA, asked a U.S. federal appeals court on Wednesday to de-certify a class of investors trying to recoup billions of dollars in losses stemming from a sprawling corruption scandal. Petrobras, as the company is known, and its bank underwriters argued that it is not clear buyers and... Continue Reading →
Petrobras likely to get credit for oil-for-shares transfer: regulator
The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, the oil and gas regulator ANP said on Tuesday. The agreement giving Petroleo Brasileiro SA, as the company is officially known,... Continue Reading →
Petrobras: The Way Forward
Presentation by Nelson Silva at the 2016 Rio Oil & Gas petrobras-the-way-forward-nelson-silva
Petrobras presentation Rio Oil and Gas, Deep and Ultradeep Water Production in Brazil
Solange Guedes, Head of Exploration and Production, presentation at the 2016 Rio Oil & Gas. riooilgas-deep-and-ultradeep-water-production-brazil-solange-guedes-rio-oil-and-gas
Brazil’s Petrobras seeks to end Schahin contract
Brazil's state-run oil company Petrobras is seeking to stop renting a drillship from engineering conglomerate Grupo Schahin, in a potential blow to Schahin's restructuring plan, newspaper Folha de S. Paulo reported on Tuesday. Petroleo Brasileiro SA, as Petrobras is formally known, has already notified Schahin about the potential rescission, Folha said, citing unidentified sources. Vitoria... Continue Reading →
Baker Hughes Offers GE Chance to Unlock Tech in Dusty Oil Fields
It wasn’t the dusty old oilfield machinery that drew General Electric Co. to make its play for Baker Hughes Inc. It was the chance to digitize. As today’s oil patch is increasingly stocked with underwater robots, remote sensors and electronic underground pumps that help lift crude in sagging wells, the world’s biggest oil service companies... Continue Reading →
Brazil Energy Insight 