Business-friendly Brazilian presidential candidate Geraldo Alckmin got the strongest boost yet to his campaign as a centrist coalition agreed to back him, putting forth a potential vice-presidential pick who confirmed the pact on Friday. Read more

  July 20, 2018 The ANP made available for a Permanent Offer the bidding document and the contract draft, 148 exploratory blocks in eight sedimentary basins, 89 of which are onshore and 59 offshore. There are 64 blocks in a new exploratory frontier, 36 in high potential areas and 48 mature ones. The Recôncavo Basin,... Continue Reading →

Oilfield services company Baker Hughes, a GE company, recorded a net loss during the second quarter of 2018 while its revenues were up by 2 percent.  Baker Hughes, which completed its merger with GE’s Oil & Gas division in July 2017, on Friday said that its orders for the second quarter of 2017 were $6... Continue Reading →

Singapore’s rig builder Sembcorp Marine posted a loss for the second quarter of 2018 despite recording a significant increase in revenues during the period. The company on Friday posted a net loss of $55.6 million for the second quarter of the year compared to a profit of $5.1 million in the same period a year... Continue Reading →

July 19, 2018 The arrival of the P-67 Platform ship in Rio de Janeiro, where it is anchored in the Bay of Guanabara for the last adjustments before heading to the Norte Lula Field, also is considered an unprecedented operation. It was the largest transport operation of a platform ever made in the world, where... Continue Reading →

Brazil’s oil regulator ANP said on Thursday it would not establish a minimum frequency for fuel price adjustments, after a nationwide truckers’ protest over rising diesel prices in May cast a spotlight on the issue. The protests paralyzed Latin America’s largest economy and forced the government to lower diesel prices through tax cuts and subsidies.... Continue Reading →

July 19, 2018 Four oil majors began licensing six drilling campaigns with Ibama in 2018. Campaigns are scheduled for the Campos, Santos and Foz do Amazonas Basins and are being requested by Shell, Petrobras, PetroRio and Equinor and can represent the drilling of up to 23 exploratory wells, which may make next year the best... Continue Reading →

Jul 19 2018 As the gradual pick up of the Brazilian oil and gas sector, the news of new businesses is beginning to be more frequent. This time, Oceaneering was able to sign a DPR (Drill Pipe Riser) contract with Petrobrás to complete oil wells. "The entire team is well involved in this project and... Continue Reading →