Rio de Janeiro, July 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that, in a meeting held on July 28th, the Board of Directors approved the sale of the company’s stake in exploration block BM-S-8 to Statoil Brasil Óleo e Gás Ltda. This transaction comes about as a result of a competitive bidding process... Continue Reading →
Brazil to sell oil rights near areas Petrobras seeks to sell -ANP
Jul 28, 2016 Reuters Brazil plans to sell rights to new oil exploration and production areas at an auction in 2017 adjacent to existing blocks where state-led Petroleo Brasileiro SA seeks to sell all or part of its stake, regulator ANP said on Thursday. Magda Chambriard, director-general of the ANP, said her agency plans to... Continue Reading →
Petrobras’ platform hull builder Ecovix may delay delivery
Ecovix, a unit of the Engevix group, said it may have to delay delivery of four hulls for oil and gas production platforms intended for Brazil's state-run oil company Petroleo Brasileiro SA due to troubles securing funds from state lender Banco do Brasil . The shipbuilder, which is entangled in the massive Operation Car Wash... Continue Reading →
Brazil Said to Study Scrapping Nationalist Deep-Water Oil Rules
Michel Temer Photographer: Jin Lee/Bloomberg For international oil companies that saw access to Brazil’s gargantuan offshore reserves curtailed back in 2010, the tide is turning. Brazil’s interim government is studying the benefits of scrapping nationalistic oil legislation that was championed by now suspended President Dilma Rousseff and her leftist Workers’ Party, said three people involved... Continue Reading →
TECHINT STARTS LAST CONSTRUCTION PHASE OF FPSO P-76 NEXT WEEK
June 22,2016 FPSO P-76, which will be used by Petrobras in the Buzios III field, area of transfer of rights of pre-salt Santos Basin, is heading towards the Pontal do Paraná,PR. , to the Offshore Techint Unit, for last adjustments of the modules integration process before leaving for the final destination. The new unit... Continue Reading →
The National Petroleum Agency (ANP) sets a precedent for exempting fines for breaking local content rules
The National Petroleum Agency (ANP) sets a precedent for exempting fines for breaking local content rules - one of the main pillars of the PT governments in the oil sector. In an unprecedented decision, the agency acknowledged that there are no support vessels in the country that meet the requirements applied since 2008. The measure... Continue Reading →
Odebrecht Oil and Gas wants to avoid disputes with Petrobras
Free translation from article at Valor Economico 07/20/2016 The decision of Odebrecht Oil and Gas (OOG) to go to court to participate in a Petrobras tender was timely and should not be replicated in a linear fashion going forward. "It is not the goal be litigating with Petrobras," said a source familiar with the matter.... Continue Reading →
Odebrecht Oil & Gas obtains injuction to participate in Petrobras tenders
Tuesday, July 19, 2016 RIO DE JANEIRO (Reuters) - Odebrecht Oil and Gas obtained an injunction granted by the Court of Rio de Janeiro that the releases to participate in tenders for the provision of construction and assembly services for interventions in two Petrobras platforms, both in operation in the Campos Basin. The company was... Continue Reading →
Leniency Agreement signed between Brazilian Authorities, Petrobras and SBM Offshore
Rio de Janeiro, July 15, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that today, together with the Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle – “MTFC”), the Public Prosecutor’s Office (Ministério Público Federal – “MPF”), the General Counsel for the Republic (Advocacia Geral da União – “AGU”) and SBM... Continue Reading →
SBM Jumps Most in Nine Months Following Brazilian Leniency Deal
SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a leniency deal with Brazilian authorities following a corruption investigation. SBM climbed as much as 15 percent Monday, the biggest intraday gain since Sept. 28 and the most among companies on the Stoxx Europe 600 Oil &... Continue Reading →
