May 21, 2018 By Gustavo Gaudarde and Felipe Maciel In common among the Espírito Santo, Sergipe and Potiguar Basins there are deepwater oil discoveries that have come out of the radar for the development of new Petrobras production projects, as soon as it was necessary to concentrate investments in the pre-salt. The result of the... Continue Reading →

05/22/18 The ANP approved the commercial declaration of Kangaroo and Echidna discoveries made by Karoon in the Santos Basin. Located in block S-M-1037, the first Australian fields in the world are called Goiá, Goiá Sul, Neon and Neon Sul. With a total area of ​​71.5 km², the asset was acquired in the 9th ANP Bidding... Continue Reading →

Rio de Janeiro, May 21, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 4/26/2018, reports that Mr. Rafael Mendes Gomes, elected by the company’s Board of Directors as Chief Governance and Compliance Executive Officer, took office today. The executive will also be a member of the Special Committee, which... Continue Reading →

The largest oil companies in the world are making huge investments in Latin America, an oil-rich region that many companies have avoided in the past because of restrictive economic policies and a threat of nationalism in the sector. Exxon Mobil, Shell and other companies participated in auctions of deepwater oil fields in Mexico and Brazil,... Continue Reading →

RIO DE JANEIRO, BRAZIL – May 21, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes of the series set forth in the tables below (all such notes appearing under either such heading, the... Continue Reading →

05/17/18 Premier Oil is expected to drill a well in block CE-M-717 in the Ceará Basin in 2020, according to a review of the plan made by the ANP. The original commitment was to drill two wells, but switched to a single well with two targets to test the Berimbau and Maraca prospects. Drilling is... Continue Reading →

05/21/18 Brazil will demand 20 new tankers by 2025, pulling the world's demand for oil tankers and gassers. The forecast is from Teekay Offshore, based on data from Rystad Energy. The estimate considers that the production of oil and gas in fields that use ships as means of disposing of extracted volumes will grow 60%... Continue Reading →

Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc (BAMa.TO) and its subsidiaries have made nearly a dozen major acquisitions there since 2013. The companies have spent about $10 billion on energy, infrastructure and real estate assets few... Continue Reading →

The oil market gives signs that it is leaving the ICU after years of uncertainties in the Brazilian economy, but the oil and gas industry in Brazil shows signs of recovery. During the Oil and Gas Seminar held this week in Rio de Janeiro, the panelists unanimously stated that the recent announcement of Petrobras' R... Continue Reading →