Royal Dutch Shell Plc will invest $10 billion in Brazil over five years now that the country has increased opportunities for foreign companies in its oil industry, its chief executive officer said on Thursday. Already the largest foreign investor in Brazil, Shell is particularly encouraged by recent legislation that increases the role of private oil... Continue Reading →
Green shoots of Brazil’s recovery
Changes falling into place after a catastrophic period of scandal, corruption and collapse Gareth Chetwynd 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 12:31 GMT Brazil’s oil sector is undergoing a transformation that is starting to generate new interest among investors and offer hope to domestic industry after a ruinous two years. The first... Continue Reading →
Petrobras granted extra time for Potiguar work
State giant carrying out appraisal work on deep-water discoveries Pitu and Tango Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 02:00 GMT THE Brazilian National Petroleum Agency (ANP) has given Petrobras more time to carry out appraisal work at two deep-water discoveries in Block BM-POT-17 in the Potiguar basin... Continue Reading →
Drillships to the fore in plan to drill eight more wells/Libra
Petrobras plans to spud an additional eight wells at Brazil’s giant Libra pre-salt field by 2019 to further appraise the area. 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 01:36 GMT The state-controlled operator has so far drilled nine probes at Libra, mostly focusing on the north-western section of the field, and intends to... Continue Reading →
Petrobras puts Libra on fast track
Ambitious plan to deploy fleet of FPSOs in Santos basin pre-salt field early next decade Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 01:36 GMT Brazilian oil giant Petrobras is making the Libra development its number one priority, as an ambitious plan designed to fast-track output takes shape with... Continue Reading →
More rig contracts ‘set for axe’
A further seven to 10 offshore rigs are at risk of having their contracts cancelled by clients on top of a total of 18 units that have been terminated so far this year amid a market slump, according to Rystad Energy. Steve Marshall Oslo 7 Nov 2016 11:03 GMT Updated 7 Nov 2016 12:44 GMT Rig... Continue Reading →
Petrobras – Clarification on the Review Process of the Transfer of Rights Agreement
Rio de Janeiro, November 4, 2016 – Petróleo Brasileiro S.A. – Petrobras, regarding the news published today in the press on the possible amount due to Petrobras as a result of the review process of the Transfer of Rights Agreement, hereby clarifies that the review process concerning the representatives of Petrobras and of the Federal... Continue Reading →
Petrobras presentation Rio Oil and Gas, Deep and Ultradeep Water Production in Brazil
Solange Guedes, Head of Exploration and Production, presentation at the 2016 Rio Oil & Gas. riooilgas-deep-and-ultradeep-water-production-brazil-solange-guedes-rio-oil-and-gas
Additional information regarding the interest sale in Nova Transportadora do Sudeste
Rio de Janeiro, October 31, 2016 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on September 23, 2016 regarding the sale of interest in Nova Transportadora do Sudeste (NTS) to Brookfield Infrastructure Partners and its associates, hereby provides the following additional clarifications. After the ongoing corporate restructuring, NTS’ remaining debt will... Continue Reading →
Libra programme in the crosshairs for cost reductions
28 October 2016 00:00 GMT As Petrobras presses forward with efforts to put its house in order after the ravages wrought by the Car Wash corruption scandal and the oil price collapse, the Brazilian state oil giant is turning its attention to boosting the economics of major development programmes such as that at the giant... Continue Reading →
Brazil Energy Insight 