Rio de Janeiro, January 29, 2019 - Petróleo Brasileiro SA - Petrobras informs that the Administrative Board of Tax Appeals (CARF) pronounced, on this date, by majority, favorable decision to the company regarding fiscal administrative proceedings, totaling the approximate amount of R$ 11.9 billion, resulting from tax assessments drawn up by the Brazilian Federal Revenue... Continue Reading →
Brazil govt aims to sell at least $20 billion in assets this year
Brazilian President Jair Bolsonaro’s government wants to sell at least $20 billion in assets of state-owned companies this year including parts of Petrobras and Banco do Brasil, the country’s secretary of privatization said on Tuesday. Salim Mattar said the government wants state-controlled oil company Petroleo Brasileiro SA and lenders Banco do Brasil SA and Caixa... Continue Reading →
Petrobras – Change in the appointment for Chief Strategy, Organization and Management System Executive Officer
Rio de Janeiro, January 28, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that it received a letter from Mr. Lauro Cotta, appointed to occupy the position of Chief Strategy, Organization and Management System Executive Officer, communicating that, for particular reasons, he can not accept the appointment. As announced to the market on January 10,... Continue Reading →
U.S. warns of ‘serious consequences’ after Venezuela moves against Guaido
The Trump administration warned of “serious consequences” after Venezuela’s government moved to freeze the bank accounts of self-proclaimed interim president Juan Guaido on Tuesday, while state-run oil company PDVSA sought to sidestep U.S. sanctions. The sweeping sanctions on PDVSA, announced on Monday and aimed at curbing crude exports to the United States and driving... Continue Reading →
Rovco and Global Marine Group Bring New IRM Solutions to Market
Rovco has formed an invested partnership with Global Marine Group (GMG) to bring intelligent inspection, repair and maintenance (IRM) solutions to the global offshore market. GMG, made up of three business units – Global Offshore, CWind and Global Marine – has secured a 13.8% share in the Bristol and Aberdeen based remotely operated vehicle (ROV)... Continue Reading →
Ensco, Rowan agree on amended merger bid
Offshore drilling companies Ensco and Rowan have amended the terms of the previously proposed merger, with Rowan board accepting Ensco’s improved offer for the all-stock merger. Under the amended agreement, Rowan shareholders will receive 2.750 shares of Ensco for each share of Rowan they own. All other terms and conditions of the agreement entered... Continue Reading →
Abimaq and Sinaval want reinforcements in local content
The Brazilian Association of Machinery and Equipment (Abimaq) and the National Union of Naval & Offshore Construction and Repair Industry (Sinaval) are still hoping to negotiate better local content conditions for the next rounds of exploration auctions, which will take place in 2019. In the last revision of regulation, in April last year, in addition... Continue Reading →
For Prumo, the year 2018 was an important achievement for the Açu Complex
01/28/2019 For Prumo, the year 2018 was an important achievement. Prumo is a multi-business economic group responsible for the development of the Açu Complex, the largest port, industrial and energy complex in Brazil, located in São João da Barra, in the North of Brazil. Over the last year, Açu received 2,535 vessels, 6% more than... Continue Reading →
High productivity of the pre-salt increases R & D spending
January 29, 2019 The search for self-sufficiency in oil production and the discovery of the pre-salt catapulted Brazil to the frontier of innovation in the sector. Overcoming technological and logistical challenges in large-scale oil and gas extraction has resulted in world production records. In December 2018, for example, Petrobras broke the monthly record of production... Continue Reading →
Petrobras – Clarification on Fire Occurrence at the Intermodal Terminal of Serra at Espírito Santo state
Rio de Janeiro, January 28, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday (01/27), there was a fire in the storage area of materials used in oil exploration and production activities, located in the Intermodal Terminal of Serra (“TIMS”), in the municipality in the metropolitan region of Vitória. The fire originated in the... Continue Reading →
Brazil Energy Insight 