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(Bloomberg) U.K. regulators kicked off the final countdown for Libor, ordering banks to be ready for the end date of a much maligned benchmark that’s been at the heart of the international financial system for decades. The U.K. Financial Conduct Authority confirmed Friday that the final readings for most rates will take place at end of... Continue Reading →
A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating. A day earlier, four other board members stepped down at Petroleo Brasileiro SA, as the company is formally known. Their messages,... Continue Reading →
Companhia Docas do Rio de Janeiro signed a transition contract with Petrobras, in order to guarantee the maintenance of the company's operations in the Port of Rio de Janeiro, which is one of the main bases of the country's offshore support for the exploration of the Santos Basin pre-salt fields. Considered very important for the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/04/2020, informs that it signed today with Fundo de Investimento em Participações Multiestratégia Pirineus (FIP Pirineus), a contract for the sale of its entire 51% interest in the capital of Eólica Mangue Seco 2 - Geradora e Comercializadora de Energia Elétrica S.A. (Eólica... Continue Reading →
A new company in Colombia has proposed the South American republic’s first offshore wind farm.The Colombian Martime General Directorate (DIMAR) issued Resolution 9 of 2021 in January. This authorizes Vientos Alisios to conduct pre-feasibility studies from the Port of Cartagena.The proposed 200 MW wind farm, 15 km from the coast, is expected to use 35... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/03/2018, informs that it signed today with SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A., a contract for the sale of its total stake in nine onshore exploration and production fields, called Miranga Cluster, located in the state of Bahia. The... Continue Reading →
(Reuters) - Brazilian fuel distributors are scrambling to secure diesel supplies for March and April after state-run oil company Petrobras said it would not fully meet their demand, adding to uncertainty amid a sudden management shakeup. National oil industry regulator ANP confirmed to Reuters that distributors are searching for alternative diesel supplies after Petrobras turned... Continue Reading →
(Reuters) - Brazil’s securities regulator CVM is investigating the management changes at state-run oil company Petroleo Brasileiro SA, its website showed on Monday, following President Jair Bolsonaro’s announcement last week that he will replace chief executive Roberto Castello Branco. The post on the CVM website gave no details about the investigation, but comes after Petrobras... Continue Reading →
Ministry of Mines and Energy (MME) launches, in an online event promoted by the Energy Research Company (EPE), on March 11, the Program to Revitalize and Encourage the Production of Offshore Fields (Promar). The program seeks to create conditions for the revitalization of mature offshore fields and to improve the economic use of accumulations of... Continue Reading →
Results from an independent prospective resource study confirm the views of Frontera and CGX Energy JV about the high prospectivity of the Corentyne North Area, Corentyne Main Area, and Demerara block, located offshore Guyana. The JV is now preparing for an exploration well in Corentyne Block slated for 2H 2021. Frontera Energy and CGX Energy,... Continue Reading →
Brazil Energy Insight 