Petrobras clears way for the future sale of Transpetro

7/19/18 Petrobras has cleared a formal way to sell Transpetro's shareholding control in the future, following a recent change in its subsidiary's bylaws, according to information published in the newspaper Valor Econômico on Wednesday. The revision of the status of the logistics and transportation company, approved at an extraordinary general meeting in June, canceled an... Continue Reading →

Exmar and Petrobras advance on Búzios V FPSO

  7/18/2018 Petrobras has started the negotiations with Exmar, a Belgian company that presented the lowest price in the tender for the chartering of Búzios V FPSO, scheduled for the onerous assignment in 2021. The oil company completed the internal analysis phase of the proposal and since has been holding the first discussions with the... Continue Reading →

Equinor makes new discovery in BM-S-8

7/18/18 Norwegian oil company found oil in the Guanxuma prospect in the Santos Basin pre-salt Equinor made a new discovery in block BM-S-8, in the pre-salt of the Santos Basin. According to a notification to the ANP on July 13, oil was found in well 1-STAT-10A-SPS, in a water depth of 1,990 m. Conducted by... Continue Reading →

Report: Ex-Vantage Drilling CEO charged with corruption in Brazil

Brazilian prosecutors have charged former Vantage Drilling CEO Paul Bragg of corruption and money laundering. The prosecutors claim Bragg paid $31 million to Petrobras employees in exchange for drilling contracts, O’ Globo reports. According to reports, former Petrobras international branch director Jorge Zelada, and manager Eduardo Vaz Musa took the bribes. Read more

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