A top aide to Brazilian president-elect Jair Bolsonaro said on Thursday the new government would adopt concession contracts for lucrative pre-salt oil auctions, raising concerns that talks to change the regime would drag and derail much-needed investment. Later, however, Roberto Castello Branco, who Bolsonaro has tapped to lead state-led oil company Petroleo Brasileiro SA said... Continue Reading →

22,Nov, 2018 The construction of the Natural Gas Processing Unit (NGPU) of the Rio de Janeiro Petrochemical Complex (Comperj), in Itaboraí (RJ), will advance again. The consortium that runs the works - formed by China's Shandong Kerui and the Brazilian Potential Method - has signed an agreement with GE for the delivery of an e-house... Continue Reading →

1/22/18 The Union of Petroleum Workers (FUP) announced a set of political and legal measures to prevent the approval of the onerous assignment bill (PLC 78/2018). According to FUP, one of the reasons for this proposal is that the surplus of 15 billion barrels would be worth R $ 500 billion and that, for the... Continue Reading →

French energy group Total has agreed to buy some businesses of Brazil’s Grupo Zema to expand in the biofuels sector. Total said it would be buying fuel distribution company Zema Petróleo, reseller and retailer arm Zema Diesel and importation company Zema Importacao. Financial terms were not disclosed. Zema Petroleo runs 280 dealer-operated service stations and... Continue Reading →

Far-right president-elect Jair Bolsonaro, in a bid to reform Brazil’s complex tax system, is analyzing three models: a program of gradual adjustment, adopting a value-added tax, or a broader plan that could include a tax on financial transactions, a source with direct knowledge of the proposals said. Read more

11/21/18   Software performs well data collection and analysis in real time through a wearable technology Schlumberger has introduced a new technology for well testing. Concert software collects and analyzes surface and well data in real time. During the well test, the data is digitally integrated through a wearable technology, with wireless sensors and video... Continue Reading →

Rio de Janeiro, November 21, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in 11/19/2018 it received the payment of the diesel economic subvention, in the amount of R$ 1.176 billion, related to the 2nd period of the 3rd phase of the program (from 08/31/18 to 09/29/18).

The name of the executive who participated in the elaboration of the government plan of Bolsonaro was well received by the industry. Economist Roberto Castello Branco will be the president of Petrobras under Jair Bolsonaro, replacing Ivan Monteiro, who took office in June after Pedro Parente's departure. The executive's name had been circulating on the... Continue Reading →

Dutch FPSO giant SBM Offshore has officially signed a contract for the second Fast4Ward FPSO hull with the Chinese SWS shipyard. SBM Offshore is ordering the FPSO hull on speculation and with no firm contract awarded for the FPSO. The signing ceremony in Shanghai on Wednesday coincided with the keel laying ceremony for its first Fast4Ward... Continue Reading →

by epbr November 20, 2018 Economist Roberto Castello Branco, appointed by President-elect Jair Bolsonaro, to Petrobras next year, said that the focus of the company should be the acceleration of pre-salt exploration. According to him, plans for the company's future will be detailed soon, including privatizations. Yesterday (19), Bolsonaro said that Petrobras is a strategic... Continue Reading →