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Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. Switzerland has so far returned roughly 365 million Swiss francs ($365.6 million) to Brazil related to Petrobras and construction firm Odebrecht,... Continue Reading →
April 8, 2019 Ibama is indicating the exclusion of exploratory blocks JA-M-26, M-43, JA, JA-M-45, all in the Jacuípe basin, in 16th round of bidding, scheduled for 10 October. The indication counts for the areas offered in the 6th round of the pre-salt and the 16th round of concession areas. The environmental agency argued that... Continue Reading →
04/08/19 Brazilian authorities are mobilizing to intensify the monitoring of working conditions on the country's offshore platforms. At the end of 2018, the Labor Ministry (MPT), the ANP, Navy, Ibama, the Ministry of Labor and Anvisa (Health Surveillance Agency) signed a cooperation agreement in Brasilia (DF), validating their joint action in the so-called Operation Ouro... Continue Reading →
04/08/19 Suppliers of drill pipe risers considered risky contract model proposed by Petrobras Weatherford was the only company to submit a proposal in a Petrobras bidding process to hire Drill Pipe Risers (DPR) systems capable of operating under pressures of up to 10,000 psi. The classification of the bid must be published in the electronic... Continue Reading →
05/04/2019 1 Petrobras signed the agreement that validates the unification of fields in the region known as "Parque das Baleias", located in the portion of the Campos Basin facing Espírito Santo. The ceremony was held at Palácio Anchieta, in Vitória (ES), with the presence of the company's president, Roberto Castello Branco. Parque das Baleias is... Continue Reading →
If the rest of 2019 continues at the same pace of discoveries as the first quarter, the year will exceed 2018’s discovered resources by 30%, according to energy intelligence group Rystad Energy. Rystad said on Monday that global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent... Continue Reading →
Rio de Janeiro, April 05, 2019 - Petróleo Brasileiro SA - Petrobras informs that, in the scope of the competitive sale process of 90% of Transportadora Associada de Gás SA ("TAG"), ENGIE group, jointly with the Canadian investment fund Caisse de Depot and Placement du Quebec ("CDPQ"), presented the best proposal, representing an Enterprise Value... Continue Reading →
05.April.2019 Published today the IRS Normative Ruling N. 1,880/19 which amended the Normative Rulings nº 1,415/13; 1,600/15 and 1,781/17, respectively, REPETRO, Special Customs Regime and REPETRO-SPED. Without prejudice of a more detailed analysis, we listed below the more relevant amendments to the regimes: REPETRO-SPED Revoking the need for Guarantee in all cases under the REPETRO-SPED;... Continue Reading →
Rio de Janeiro, April 5, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/29/2019 on the sale of Liquigás Distribuidora S.A., informs that it will adjust the eligibility requirements for the potential investors interested in participating in the competitive sale process and that the deadline to express interest will be... Continue Reading →
Brazilian President Jair Bolsonaro is staking much of his political capital on a plan to shore up the country’s costly social security system, which he hopes will kick-start the country’s economy and boost investor sentiment. The government is, however, struggling to sell its proposal to the public and lawmakers. Legislation will almost certainly be watered... Continue Reading →
Brazil Energy Insight 