RIO DE JANEIRO, BRAZIL – September 21, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$3,508,265,000 aggregate principal amount of 5.299% Global Notes due 2025 and US$5,400,614,000 aggregate principal amount of 5.999% Global Notes due 2028 (all such notes, collectively, the “Old Notes” and each a “series” of Old... Continue Reading →
Rystad: Rise in FIDs to keep offshore ahead of shale
According to Rystad Energy’s latest analysis, a recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for an increase in offshore investments next year preventing the shale industry from overtaking offshore for the first time. This is due to a 50% year-on-year rise in the number of... Continue Reading →
PRE-SALT AUCTION ATTRACTS INVESTORS, BUT POLITICAL UNCERTAINTY WEIGHS
With the postponement of the mega-auction of surpluses of the onerous assignment, to 2019, the 5th Round of the pre-salt gains even more importance within the strategy of the oil companies. Depending on the outcome of the presidential election, industry experts estimate, next week's bid could be the last opportunity to acquire blocks in... Continue Reading →
Brazil Keeps Rate at Record Low But Cautions of Higher Risks
Brazil’s central bank kept its key rate at an all-time low but cautioned of growing risks to inflation amid doubts over economic policy following presidential elections and global trade disputes. The bank’s board, led by its President Ilan Goldfajn, on Wednesday left the benchmark Selic unchanged at 6.50 percent, a stimulus it considered necessary given... Continue Reading →
ExxonMobil re-invests in oil exploration in Brazil
9/19/18 Absent from the Brazilian market since 2009, when it returned a promising block, the BM-S-22, the only one of the pre-salt operated until then by a foreign company, ExxonMobil again bets on oil exploration in Brazil. It has invested $ 3.5 billion in the last five years and since last year has bid on... Continue Reading →
Petrobras to contract onshore drilling rigs
9/19/18 Company receives proposals to support activities in Northeastern states and Espírito Santo Petrobras is receiving offers to contract services for drilling rig operations and maintenance interventions for well drilling and safety equipment in the Northeast and Southeast regions. The tender is divided into three lots. The first of these comprises the states of... Continue Reading →
Petrobras – Class action in the Netherlands
Rio de Janeiro, September 19, 2018 - Petróleo Brasileiro S.A. - Petrobras, following up on the release published on 01/24/2017 and further to the information disclosed in the explanatory note 28.4.2 of the company’s financial statements of the second quarter of 2018 , informs that today the District Court of Rotterdam ("Court") has handed down... Continue Reading →
ANP approves three more companies in the Permanent Offer
9/18/18 Capricorn, Dimensional Engenharia and its subsidiary Energizzi were approved by ANP The ANP's Special Bidding Commission approved the registration of three additional companies to participate in the Permanent Offer. With these three, there are already 15 companies interested in the first phase of the Permanent Offer. The Indian Capricorn was one of the... Continue Reading →
IBP has new Executive Director
9/18/18 Extraordinary General Meeting elects Equinor executive for one of the vacancies of the collegiate Mauro Andrade assumed one of the vacancies of the Executive Board of IBP. The executive of Equinor was elected on Friday (14/8), during the Extraordinary General Assembly of the institute, held to choose the substitute of Leonardo Junqueira, executive... Continue Reading →
Petrobras licenses four new shallow water wells in Bahia
September 18, 2018 Petrobras has begun licensing four new production wells at the Manati field with Ibama, in the shallow waters of the Camamu Basin off the coast of Bahia. Named "BA3340 - Completion of the drainage network of Manati Field", the strategy aims to increase the production of the Manati field by 1.4 million... Continue Reading →