Rio de Janeiro, June 5, 2018 - Petróleo Brasileiro SA - Petrobras informs that today it submitted to the National Energy Policy Council (CNPE) an expression of interest to exercise the pre-emption right for the 5th Bid Round of Exploration Block under the production sharing regime, pursuant to Brazilian Law 12.351/2010 and Federal Decree 9.041/2017.... Continue Reading →

Brazilian oil regulator ANP said on Tuesday it would seek public comment over a period of several weeks on a potential rule that could set limits on how often fuel prices change in the country. The comment period, which will take place from June 11 to July 2, follows a nationwide trucker strike over diesel... Continue Reading →

June 5, 2018 Global demand for floating rigs is expected to rebound in 2018 after three consecutive years of decline, predicts McKinsey Energy Insights. According to a study by the consultancy, about 140 rigs will be needed this year, with South America, Europe and North America concentrating the activities. The annual growth of 3% tends... Continue Reading →

Rio de Janeiro, June 4, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at an extraordinary meeting held today, appointed the engineer Ivan de Souza Monteiro as a member of Petrobras’ Board of Directors until the following Shareholders' Meeting. The Board also elected Mr. Ivan Monteiro to the position as... Continue Reading →

The new management of Brazilian state-led oil company Petroleo Brasileiro SA, headed by interim Chief Executive Officer Ivan Monteiro, has agreed to discuss ditching daily gasoline price changes, a newspaper reported on Monday. The company has imposed two conditions: that Petrobras’ prices stay in the range of international prices and that the company be protected... Continue Reading →

JUNE 5, 2018 SAO PAULO, June 5 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has concluded the buyback of $4 billion of bonds, the company said in a securities filing on Tuesday, after reaching the program’s stipulated limit. In May, Petrobras, as the company is known, announced plans to buy back up to... Continue Reading →

Many of you, if at all interested in offshore drilling – reading this on Offshore Energy Today means that you are – have probably heard the name David Carter Shinn. David, a partner in Oslo-based Bassoe Offshore, is the author of multiple articles in which he explores and explains ins and outs of the offshore drilling... Continue Reading →

June 04, 2018 The pre-salt production in April totaled 1,785 million boe/d , surpassing the 1,763 million boe/d produced in February. There was an increase of 2.3% in relation to the previous month. A total of 1.423 million barrels of oil per day and 58 million cubic meters of natural gas per day were produced... Continue Reading →

June 5, 2018 The 4th Round of the pre-salt this Thursday could guarantee a bonus of R $ 3.2 billion to the Union. In all, 16 companies will compete for the four exploration blocks, located in the Santos and Campos basins, a record number of registrations for a bidding round under the sharing regime. According... Continue Reading →