Brazil’s state-led oil company Petrobras on Wednesday temporarily cut diesel prices by 10 percent in order to help the government and truck drivers resolve a protest crippling highways. Read more
Rio de Janeiro, May 22, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has received Letter No. 1113/2018-SAE, which requests the following clarification: Craft nº 1113/2018-SAE “Dear sir, We refer to the news published on 05/22/2018, especially by the newspaper O Estado de São Paulo, under […]
Houston-based offshore driller Rowan Companies has extended its liquidity runway by entering into a new unsecured five-year credit facility with its banking group. According to its statement on Tuesday, Rowan has amended the agreement governing its existing revolving credit facility and entered into a new agreement providing for an […]
May 21, 2018 By Gustavo Gaudarde and Felipe Maciel More than 31 thousand km² of sea area and 17 thousand km² of land contracted in two years by 17 different operators and estimated investments of R $ 2.7 billion to execute the minimum exploration programs provided for […]
Brazilian engineering conglomerate Odebrecht SA is making progress in talks with leading bank creditors about a potential loan package days before the due date to repay $144 million its construction unit owes to bondholders, three sources with knowledge of the matter told Reuters. An agreement may be reached […]
Odebrecht SA, the engineering conglomerate at the center of one of Latin America’s largest corruption scandals, has reached a preliminary agreement to pay 2.7 billion reais ($734 million) in damages to federal authorities in Brazil, a paper reported on Tuesday. The agreement between Odebrecht and Brazil’s federal comptroller, […]
Brazilian President Michel Temer scrapped plans to run for re-election on Tuesday and said he supported his former finance minister, Henrique Meirelles, to stand as the presidential candidate of the ruling Brazilian Democratic Movement (MDB). Read more
May 21, 2018 By Gustavo Gaudarde and Felipe Maciel In common among the Espírito Santo, Sergipe and Potiguar Basins there are deepwater oil discoveries that have come out of the radar for the development of new Petrobras production projects, as soon as it was necessary to concentrate investments […]
05/22/18 The ANP approved the commercial declaration of Kangaroo and Echidna discoveries made by Karoon in the Santos Basin. Located in block S-M-1037, the first Australian fields in the world are called Goiá, Goiá Sul, Neon and Neon Sul. With a total area of 71.5 km², the asset […]
Rio de Janeiro, May 21, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 4/26/2018, reports that Mr. Rafael Mendes Gomes, elected by the company’s Board of Directors as Chief Governance and Compliance Executive Officer, took office today. The executive will also be […]
