The National Petroleum Agency (ANP) announced on Tuesday that it had received 15 expressions of interest for the 4th pre-salt auction, which will take place on June 7. Applications for registration will still be analyzed by the Special Bidding Commission (CEL), which empowers companies that can participate in the competition. The bidding is for the... Continue Reading →

  April 20, 2018 Proving the quality and efficiency of the domestic industry, despite the dismantling of the local content policy, Techint is preparing to complete the integration of the modules of the P-76 platform, which will be used in Búzios 3, in the pre-salt , with a production capacity of 150,000 barrels of oil... Continue Reading →

24 de abril de 2018 12:41 BRT Free cash flow will be the highest in years; all the sector needs now is discipline. By Liam Denning/Gadfly Hey Big Oil, don’t screw this one up. By this time next week, we’ll know how the big five Western oil majors – Exxon Mobil Corp., Chevron Corp., Royal Dutch... Continue Reading →

The North American group MSHS (Motor-Services Hugo Stamp) announced this week the acquisition of the Brazilian PP Engenharia. The new company, MSHS Brasil, is born with about R $ 27 million of contracts in portfolio, of which more than 30% (approximately R $ 10 million) with Petrobras. With a focus on maintenance services for engines... Continue Reading →

OOS Tiradentes (CR-600) will arrive in Brazil in the first week of May to operate for Petrobras. Coming from the Yantai shipyard in China, where it was built, the unit will start at the Albacora field, supporting the P-31 platform. Tiradentes arrives in Brazil to replace the OOS Prometheus contract, which operated for Petrobras and... Continue Reading →

The Libra Consortium - Petrobras (40%), Shell (20%), Total (20%, CNOOC (10%) and CNPC (10%) - is expected to launch a bid for a new phase of asset development in the Santos Basin pre-salt. With 17 wells, this will be the largest integrated well services package bid by Petrobras, and the trend is that only... Continue Reading →

Houston-based EPCI contractor McDermott recorded an increase in both profit and revenues for the first quarter of 2018, which, if all goes according to plan, will be McDermott’s last full quarter as a separate company before it merges with CB&I.  McDermott, which recently rejected a takeover offer by Subsea 7, on Tuesday posted its first... Continue Reading →

Rio de Janeiro, April 24, 2018 - Petróleo Brasileiro SA - Petrobras, following the Relevant Fact of 09/03/2018, announces the beginning of the binding phase related to the sale of all its participation in the Campos de Piranema and Piranema Sul . In this phase of the project, the letters of invitation are issued to... Continue Reading →

Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Read more