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(Reuters) - A Brazilian Supreme Court judge on Monday annulled the criminal convictions against former leftist President Luiz Inacio Lula da Silva, a move that could allow the popular politician to run in next year’s presidential election. The decision roiled financial markets and scrambled forecasts for the 2022 race, with many investors betting it would... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that received official letters from the Ministry of Mines and Energy and the Ministry of Economy with six nominations for the next Extraordinary General Meeting, to exercise the position of the company’s Board of Directors members: Eduardo Bacellar Leal Ferreira – Chairman of the Board Joaquim Silva e LunaRuy Flaks... Continue Reading →
Brazilian oil company Enauta has launched the bidding process for the FPSO for the full development of the Atlanta field, in the Santos Basin, offshore Brazil. The Atlanta field has been producing oil via Petrojarl I FPSO - an early production system. Enauta expects that the bidding process for the full field development FPSo will... Continue Reading →
U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil. Seadrill revealed the news in its fourth-quarter 2020 presentation on Thursday. The offshore drilling contractor, which said it expected the 2021 rig demand to be bleak, said ExxonMobil earlier this year exercised the... Continue Reading →
The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom. The colossal oil boom underway in the tiny South American nation of Guyana is gaining momentum, while Suriname is on the cusp of experiencing its own and... Continue Reading →
Petrobras has developed an innovative data analysis platform, whose objective is to map the production potential of areas recently acquired by the company and portions of fields under development. Named the Analog Panel, the platform integrates a large volume of data obtained from oil reservoirs, enabling comparative analysis and information sharing. The tool is part... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news published in the media, clarifies that there is no decision, up to this moment, about the exit of the Chief Financial and Investor Relations Officer, Andrea Marques de Almeida and the Chief Trading and Logistics Officer, André Barreto Chiarini. All members of the Executive Board... Continue Reading →
Petro Rio S.A. (the “Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices and in addition to the Material Fact of November 19, 2020, informs its shareholders and the market in general of the signing of an agreement with Total E&P do Brasil Ltda. for the acquisition of a 28.6% interest in the BM-C-30... Continue Reading →
A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating. A day earlier, four other board members stepped down at Petroleo Brasileiro SA, as the company is formally known. Their messages,... Continue Reading →
Companhia Docas do Rio de Janeiro signed a transition contract with Petrobras, in order to guarantee the maintenance of the company's operations in the Port of Rio de Janeiro, which is one of the main bases of the country's offshore support for the exploration of the Santos Basin pre-salt fields. Considered very important for the... Continue Reading →
Brazil Energy Insight 