Owner of two factories and service units in Brazil, Vallourec is investing in the local production chain to increase the national content of its goods and services for the oil and gas industry. Recently, the French pipe and fitting manufacturer for exploration and production projects has partnered with Cladtek to produce clad pipes in... Continue Reading →

Petrobras filed at IBAMA on March 21 the application for the installation license of the FPSO Cidade de Campos dos Goytacazes, which will produce in Tartaruga Verde, in the Campos Basin. The environmental agency has issued the installation license for the launch of the anchors and for the other actions necessary for the anchoring of... Continue Reading →

April 9, 2018 Statoil, which recently announced its name change to Equinor, began the environmental licensing of five more wells in the pre-salt area of ​​Norte de Carcará, a project of share production from the 2nd pre-salt auction held in October last year and included unitized areas. The company is also licensing a short-term training... Continue Reading →

Brazil’s former president Luiz Inacio Lula da Silva spent his first night in jail on a corruption conviction on Sunday as his allies hoped future protests and court decisions would free him. The imprisonment of Lula, Brazil’s first working-class president, throws the October presidential election wide open as he leads the race in opinion polls.... Continue Reading →

Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras). Read more

Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said. While Guyana should honor the existing deal, future contracts should ensure the state gets a higher portion of crude proceeds, the fund said in... Continue Reading →

John Fredriksen’s offshore drilling company Seadrill has obtained full support from its creditors and shareholders for the reorganization plan aimed at reducing the driller’s massive debt. Seadrill Limited and its 85 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code on September 12, 2017. Read more

  Rio de Janeiro, April 06, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 07/28/2017 and press release disclosed on 10/04/2017, informs the start of the binding phase regarding the full sale of its exploration, development and production rights in three sets of shallow-water fields: Pargo, Sergipe and Merluza... Continue Reading →

Tubular solutions provider Vallourec has signed new contracts for the supply of products and services to the Brazilian national oil company Petrobras. In the framework of these long-term agreements, Vallourec will supply Petrobras’ operations with OCTG products and associated accessories, the company said on Thursday. Read more