Monday, 16 April 2018 17:47 Benefited from the new wave of orders from Petrobras, GE won its largest short-term contract in Latin America of US $ 300 million (equivalent to R $ 1.028 billion). The Brazilian unit of the American conglomerate will supply 41 gas turbines, three steam and thirteen generators, as well as services,... Continue Reading →

Five years after a landmark overhaul of energy laws stripped Mexico’s state oil-and-gas producer of its monopoly, few investors are eager for it to be restored. So pledges by front-running presidential candidate Andres Manuel Lopez Obrador to turn back the clock are causing jitters among bondholders. The spread on Pemex’s $3 billion bond due in... Continue Reading →

Petrobras has again postponed the tender submission deadline for chartering the Búzios V FPSO, a production unit scheduled to start operating in 2021. With the change in schedule, the new deadline was rescheduled for April 30. The postponement marks the seventh change in the bidding date. The last deadline had been set for this April... Continue Reading →

A decision looming before Brazil’s Supreme Court could free imprisoned former President Luiz Inacio Lula da Silva within days and deal the harshest blow yet to the South American country’s battle against corruption, prosecutors and judges say.  Read more

Hedge funds have never been so invested in the global oil rebound. Their bets that Brent crude futures will climb reached a new high as growing tensions across the Middle East are putting almost half of the world’s supply at risk. The escalation of strife in the region sent the key crude benchmark to its... Continue Reading →

  Explorers pushed the U.S. rig count higher for another week just as OPEC nears “mission accomplished” for wiping out the global glut of oil.  U.S. working oil rigs rose by seven this week to 815, the highest since March 2015, according to data from Baker Hughes. The rig fleet has expanded in 10 of... Continue Reading →

Angry leftist protests outside his businesses will not deter billionaire Flavio Rocha from running in Brazil’s presidential election this year, advocating a crackdown on crime, a much smaller state and conservative family values. Read more

  The Campos Basin, the old lady from where the oil production began in Brazil in the 70's, will undergo a renovation phase that will require new investments in equipment and platforms. According to data from the National Petroleum Agency (ANP), 22 platforms installed in Campos already have more than 25 years of operation and... Continue Reading →

Rio de Janeiro, April 13, 2018 - Petrobras informs that yesterday it signed, through its wholly owned subsidiary Petrobras Global Trading B.V. - PGT, a finance agreement of up to US$ 400 million with Credit Agricole Corporate and Investment Bank (CACIB) with a guarantee from the UK Export Finance (UKEF). The maturity is 2029 and... Continue Reading →

Geoscience company ION has launched an enterprise version of its Marlin software in order to optimize offshore operations and further advance maritime digitization. Marlin is a digital solution that integrates and share information in real time to enhance decision making. Read more