9/17/18 Brazil's largest independent investment bank, Banco BTG Pactual SA, may hold its stake in Petrobras Africa to avoid a loss from the sale, a source familiar with the matter said on Friday. In June, Reuters reported that a consortium led by Vitol, the world's number one oil operator, had entered into exclusive deals to... Continue Reading →

9/17/18 Queiroz Galvão Exploration & Production (QGEP) will close a deal with Queiroz Galvão Oil & Gas (QGOG) to charter the Laguna Star drill rig. The rig will drill the third well of Atlanta's anticipated production system in the Santos Basin. The deal between the two companies in the same group should be formalized next... Continue Reading →

Petrobras aims to raise oil production from 8% to 10% to about 2.3 million barrels per day (bpd) in 2019 and reduce debt by another $ 10 billion next year, the company's chief financial and investor relations officer, Rafael Grisolia, told Reuters.   The world's most indebted oil company is on track to reduce its... Continue Reading →

See attached presentation Apresentacao_Investor-Day-NY-14-09-2018-Ingles

September 17, 2018 RIO - Twelve years after its discovery, Brazilian pre-salt has become the most attractive oil frontier in the world. The reduction of costs provided by the technological advances made by the industry in the country and the high rates of productivity of the fields made the area in the Santos and Campos... Continue Reading →

9/14/18 The National Economic and Social Development Bank (BNDES) signaled to the oil and gas market that it will have mechanisms to encourage projects with relevant components of innovation and sustainability in the sector. According to the head of the bank's industry and services department, Ana Cristina Rodrigues da Costa, the bank is studying new... Continue Reading →

9/14/18 Company studies lower-cost configuration for next pre-salt contracting   Petrobras is developing a new risers configuration for its pre-salt projects. Named Dampened Steel Catenary Riser (DSCR), the technology promises to generate savings by reducing the number of buoys of the traditional Steel Lazy Wave Riser (SLWR) model used in the Sapinhoá field, for example.... Continue Reading →

9/14/18 Leonardo Junqueira leaves the presidency of the joint venture in Brazil and command passes the hands of Argentine   Repsol Sinopec has a new CEO, Argentine Mariano Ferrari, replacing Brazilian Leonardo Junqueira. The move was formalized this September. Mariano Ferrari was Repsol's president in the US, a position he held for two years. Graduated... Continue Reading →