Petrobras on Bahia Terra Cluster divestment

Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media about the sale of onshore production fields, located in the Recôncavo and Tucano Basins, in the state of Bahia, jointly called the Bahia Terra Cluster, clarifies that it has received binding offers from potential interested parties in the acquisition of the assets.The... Continue Reading →

EXCLUSIVE Aguila Energia’s $1.5 billion bid for Petrobras’ Bahia fields tops rivals’, sources say

(Reuters) - A consortium led by Aguila Energia has placed the highest bid for Brazilian state-run oil company Petrobras' Bahia onshore fields, offering over $1.5 billion, according to two sources with knowledge of the situation. Petroleo Brasileiro, as the company is formally known, declined to comment. The proposal by Aguila Energia, a company founded by... Continue Reading →

Expro, Frank’s Merge

UK-based oilfield services firm Expro and Dutch-based drilling and completions solutions provider Frank’s International have completed the previously announced all-stock merger. The combined company has assumed the Expro Group Holdings name. "This is an exciting day for Expro and Frank’s as we bring our companies  together to create a new global leader with the breadth... Continue Reading →

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