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March 10, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors deliberated on the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras System Petros plans (PPSP-R and PPSP-NR), managed by Petrobras Social Security Foundation - Petros and in compliance with CNPC Resolution No. 30/2018. The New Plan aims... Continue Reading →
FEB 27, 2020 The ghost of Lava Jato and an unburied corpse return to frighten one of the largest economic groups operating in the country, especially in the oil and gas sector: Techint-Tenaris. Targets of the Italian Justice, the brothers Gianfelice and Paolo Rocca, in addition to Roberto Bonatti, partners of San Faustin, holding of... Continue Reading →
Feb 21, 2020 Petrobras' oil workers decided to suspend the strike. The announcement was made by the Single Petroleum Federation (FUP), which represents 13 unions of the category in the country. It is scheduled for this Friday, an audience between representatives of the category and Petrobras with Minister Ives Gandra, of the Superior Labor Court... Continue Reading →
Singaporean rig builder Sembcorp Marine Ltd said on Friday a former consultant to the company had been convicted by a federal court in Brazil for corruption, money laundering and participation in a criminal organization. The conviction of Guilherme Esteves de Jesus is part of one of the largest corporate corruption probes in history, Brazil’s wide-ranging... Continue Reading →
February 11, 2020 Petróleo Brasileiro S.A. – Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil Participações S.A. (in reorganization), in arbitration proceedings seeking compensation from Petrobras for alleged damages related to their investment in the Sondas Project. Due to the favorable outcome... Continue Reading →
Brazilian drilling contractor Sete Brasil and Singapore’s offshore rig builder Sembcorp Marine have fulfilled all conditions precedent for a settlement regarding contracts for the construction of seven drillships to become effective and Sembcorp Marine is now in talks with a buyer for the completion of two drillships. Sembcorp Marine said on Thursday that all conditions... Continue Reading →
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. Rodrigo Garcia Berkowitz, who was a trader at Petrobras’ Houston office until he was charged with... Continue Reading →
A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election. In a report published Monday, London-based anti-corruption group Global Witness said the U.S. oil major's 40-year deal... Continue Reading →
Two people connected to Singapore’s rig builder Sembcorp Marine have faced charges for money laundering and corruption related to a drilling rig construction contract with Brazil’s drilling contractor Sete Brasil. Sembcorp Marine said on Monday that the Ministério Público Federal in Brazil (MPF) had filed charges against Guilherme Esteves de Jesus (GDJ) for money laundering... Continue Reading →
Jan 30, 2020 With the possibility of postponing to 2021 the auctions under the sharing regime and the surplus Transfer of Rights of the Sépia and Atapu areas, the market's attention is focused on the next auction in the concession model, the 17th Bidding Round of the National Agency Petroleum, Natural Gas and Biofuels (ANP),... Continue Reading →
Brazil Energy Insight 