CGX Energy hires Rowan rig for Guyana well

Canada’s CGX Energy has decided to use one of Rowan-owned jack-up drilling rigs for drilling operations offshore Guyana.  CGX Energy said on Monday that its wholly owned subsidiary, CGX Resources, had entered into a definitive rig agreement with Rowan for the provision of rig services for the drilling of the company’s Utakwaaka-1 well in its... Continue Reading →

Brazilian Fifth Chamber accepts SBM Offshore’s deal with prosecutor

Brazilian Fifth Chamber has approved an agreement between the country’s prosecutor and Dutch FPSO operator SBM Offshore regarding legal proceedings against the company related to legacy bribery issues in Brazil. The leniency agreement with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal – MPF) of September 1, 2018, has been approved by the Brazilian Fifth Chamber for... Continue Reading →

New Pension Plan – Petros 3

Rio de Janeiro, December 18, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors approved in a meeting held today, to submit for the analysis of the Secretariat for the Coordination and Governance of State-Owned Enterprises ("SEST") the proposal for a new pension plan called Petros 3 Plan ("PP3") set up... Continue Reading →

Petrobras – Debentures Public Offering

Rio de Janeiro, December 18, 2018 - Petróleo Brasileiro SA - Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil ("CVM"), hereby informs that the Board of Directors , in a meeting held today, approved the 6th (sixth) issuance of simple,... Continue Reading →

Brazil’s Andrade Gutierrez to pay $381 million fine to settle graft charges

Andrade Gutierrez Engenharia, a construction company, has signed a 1.49 billion reais ($381.49 million) deal to settle corruption allegations against it, federal authorities said on Tuesday, as part of the so-called “Car Wash” graft investigation. Andrade Gutierrez is one of more than 30 construction companies being investigated in the sprawling probe which has ensnared senior... Continue Reading →

CNPE approves 2019 auctions

  December 16, 2018 The National Energy Policy Council (CNPE) is expected to approve this Monday (17/12) the 16th round and the 6th pre-salt auction. The auctions are scheduled by the National Petroleum Agency (ANP) to take place in the second half of next year. There was strong expectation - even within part of the... Continue Reading →

Petrobras – Diesel Price Subvention Program

Rio de Janeiro, December 14, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/29/18 informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of 8/27/18, the average price of diesel practiced by the company in its refineries and terminals will be R$... Continue Reading →

P-66 continues to lead in production

12/14/18 The P-66 held the second consecutive month as the platform with the largest production of oil and gas in the country, extracting 183 thousand bopd in October, being 146 thousand bopd and 5.8 million m³ / d of natural gas. Petrobras' FPSO ramp-up in the last year is the most marked among the platforms... Continue Reading →

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