Rio de Janeiro, May 23, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (“Teaser”) of the process related to the partial sale, without transfer of operatorship, of its exploration, development and production rights in four concessions located in the Deepwater Sergipe-Alagoas Basin, as per table below: Petrobras... Continue Reading →
Petrobras Investment Opportunities – Teasers
Rio de Janeiro, May 23, 2018 - Petróleo Brasileiro S.A. - Petrobras informs that, due to the constant pursuit for improvement of its corporate rules, it has made adjustments to the criteria for eligibility of the projects listed below: (i) Sale of Tartaruga Verde and Module III of Espadarte fields, disclosed to the market on... Continue Reading →
Petrobras in Sergipe-Alagoas farm-out move
Brazilian oil company Petrobras is looking to farm-out parts of its ownership in four blocks in located in the Deepwater Sergipe-Alagoas Basin, across an exploration area of 44,370 square kilometers . In a teaser shared on Thursday, Petrobras said it was offering the concession BM-Seal-4, in which Petrobras owns 75% stake and is offering 35%... Continue Reading →
Petrobras slashes diesel prices to ease Brazil trucker protest
Brazil’s state-led oil company Petrobras on Wednesday temporarily cut diesel prices by 10 percent in order to help the government and truck drivers resolve a protest crippling highways. Read more
Petrobras Clarification on News: Gasoline and Diesel Price Policy
Rio de Janeiro, May 22, 2018 - Petróleo Brasileiro S.A. - Petrobras informs that it has received Letter No. 1113/2018-SAE, which requests the following clarification: Craft nº 1113/2018-SAE "Dear sir, We refer to the news published on 05/22/2018, especially by the newspaper O Estado de São Paulo, under the heading "High of 56% in diesel... Continue Reading →
Rowan enters into new five-year loan
Houston-based offshore driller Rowan Companies has extended its liquidity runway by entering into a new unsecured five-year credit facility with its banking group. According to its statement on Tuesday, Rowan has amended the agreement governing its existing revolving credit facility and entered into a new agreement providing for an additional senior unsecured revolving credit facility. Read... Continue Reading →
The auctions have designed the new oil exploration map in Brazil
May 21, 2018 By Gustavo Gaudarde and Felipe Maciel More than 31 thousand km² of sea area and 17 thousand km² of land contracted in two years by 17 different operators and estimated investments of R $ 2.7 billion to execute the minimum exploration programs provided for in the contracts. These are some of... Continue Reading →
Brazil’s Odebrecht makes progress in bank talks as bond deadline nears
Brazilian engineering conglomerate Odebrecht SA is making progress in talks with leading bank creditors about a potential loan package days before the due date to repay $144 million its construction unit owes to bondholders, three sources with knowledge of the matter told Reuters. An agreement may be reached as soon as this Tuesday, the sources... Continue Reading →
Odebrecht agrees to pay Brazilian authorities $730 million in damages -report
Odebrecht SA, the engineering conglomerate at the center of one of Latin America’s largest corruption scandals, has reached a preliminary agreement to pay 2.7 billion reais ($734 million) in damages to federal authorities in Brazil, a paper reported on Tuesday. The agreement between Odebrecht and Brazil’s federal comptroller, the CGU, is in the analysis phase,... Continue Reading →
Brazil’s unpopular leader scraps re-election plan, backs Meirelles
Brazilian President Michel Temer scrapped plans to run for re-election on Tuesday and said he supported his former finance minister, Henrique Meirelles, to stand as the presidential candidate of the ruling Brazilian Democratic Movement (MDB). Read more
Brazil Energy Insight 