Rio de Janeiro, April 17, 2019 – A Petróleo Brasileiro S.A. – Petrobras informs that it has decided to increase the diesel price by R$ 0.10/liter, which implies a minimum variation of 4.518% and a maximum of 5.147% in its 35 points of sale in Brazil. This increase will be effective as of tomorrow, 04/18/19.... Continue Reading →

4/17/2019 Magni Partners presented the best offer for the purchase of the four drill ships of the group - Urca, Frade, Arpoador and Guarapari - with the proposal of US $ 250 million. However, as the price was well below the minimum value of $ 554 million, the result of the bidding will still have... Continue Reading →

April 17, 2019 The objective of the French oil company is to expand the production of the field in the pre-salt of the Santos Basin Scheduled this year, Lapa's new development campaign in the Santos Basin pre-salt will include drilling four wells in the field, Total told BE Petróleo. According to the company, the works... Continue Reading →

Oil major ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and... Continue Reading →

Norwegian oil and gas giant Equinor has added seven offshore exploration blocks to its portfolio – five as the operator and two as a partner – after presenting winning bids in the 1st Offshore Licensing Round in Argentina. The bid round was arranged in Buenos Aires on April 16. Equinor submitted the winning bids for... Continue Reading →

Oil major Shell has executed an integrated services contract with U.S. oilfield services provider Halliburton for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency by integrating multiple product offerings and technologies,... Continue Reading →

4/17/2019 The FPSO Cidade de Itajaí reached, in the last week, the mark of 100 million bopd produced in the field of Baúna, in the Santos Basin. Operated by the 50/50 Teekay-Ocyan joint venture, the FPSO was installed six years ago, in a water depth of 1 thousand m. According to ANP data, the city... Continue Reading →

4/17/2019 Vallourec was hired by TechnipFMC to supply seamless steel tubes to the Mero 1 field in the Santos Basin pre-salt. The supply will begin later this year. There will be 12,000 t of pipes for the construction of rigid risers and flowlines to interconnect 13 wells (six of which are production and seven of... Continue Reading →

Rio de Janeiro, April 17, 2019 – Petróleo Brasileiro S.A. - Petrobras reports that it has received correspondence from Caixa Econômica Federal ("Caixa") informing that it is studying the possibility of selling shares that they hold issued by Petrobras, having formed a syndicate of financial and legal advisors to evaluate viable alternatives, with the possibility... Continue Reading →