Oil majors had big plans for Brazil, but you can’t tell by looking at the country’s offshore drilling these days. After crude was first struck in the pre-salt formation in the seas off Rio de Janeiro, producers including BP Plc and Total SA were ready to flock to Brazil with billions of dollars in investments.... Continue Reading →
Brazil is expected to loosen regulations in the oil industry on contracting goods and services after current restrictions dampened demand during a recent licensing round, an industry group said. The changes, under study by the Energy Ministry and that still need to be signed by president Dilma Rousseff, would make Brazilian projects more competitive amid... Continue Reading →
Technip Awarded a Substantial Contract to Supply the First Flexible Pipes for the Libra Pre-Salt Field Confirming its strong expertise in deepwater and leveraging its technological leadership October 27, 2015 02:00 AM Eastern Daylight Time PARIS--(BUSINESS WIRE)--Regulatory News: “gas injection flexible pipes. Designed to produce the first Libra field oil, they are the first 8’’... Continue Reading →
Petrobras - Approval of Sale of Interests in Gaspetro 10/23/2015 Rio de Janeiro, October 23, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, continuing the operation announced on September 22, 2015, its Board of Directors, in a meeting held today, approved the sale to Mitsui Gás e Energia do Brasil Ltda of 49%... Continue Reading →
Clarification of News item: Petrobras has already received a proposal to acquire part of BR 10/23/2015 Rio de Janeiro, October 23, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 425/2015/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 425/2015/CVM/SEP/GEA-1 “We refer to the news item published today in the Empresas (Companies) section... Continue Reading →
Petrobras - Gaspetro’s spin-off 10/23/2015 Rio de Janeiro, October 23, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors, in a meeting held today, has approved the partial spin-off of Petrobrás Gás S.A. (Gaspetro). The spin-off aims to segregate the assets and liabilities related to the natural gas distribution business from... Continue Reading →
State-controlled Petróleo Brasileiro SA's board approved selling a minority stake in a natural gas distribution unit to Japan's Mitsui & Co Ltd for 1.9 billion reais ($490 million) in a key step toward disposing of non-essential assets to repay debt. Petrobras, as the oil producer is commonly known, had been engaged in negotiations with Mitsui... Continue Reading →
Era Group Inc. (NYSE: ERA) ("Era"), a leading helicopter transport operator based in the United States, announced that Aeróleo Taxi Aero S/A, its Brazilian joint venture ("Aeroleo"), received notification today from Petroleo Brasileiro S.A. ("Petrobras") that Petrobras will cancel the ongoing tender process for heavy and medium helicopters. In its notification, Petrobras noted its determination... Continue Reading →
Petrobras - Clarification of News item: Lawsuit questions sale of Gaspetro 10/21/2015 Rio de Janeiro, October 21, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 420/2015/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 420/2015/CVM/SEP/GEA-1 “We refer to the news item published today in the Empresas (Companies) section of Valor Econômico newspaper,... Continue Reading →
Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters. The ultimatum gives SBM several days to sign a leniency deal that includes... Continue Reading →
