1/17/19 The oil and gas insurance market will be boosted this year by the Mero field subsea interconnection project and the review of Petrobras' operational program, which covers most of the company's offshore assets. The contracts are expected to generate premiums of up to $ 25 million. The estimate is by Thiago Navega, head for... Continue Reading →
Petrobras – CARF decision related to IRPJ collection on profits of controlled companies abroad
Rio de Janeiro, January 17, 2019 - Petróleo Brasileiro S.A - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued today, by a casting vote, an unfavorable decision on a tax administrative proceeding that addresses the collection of Corporate Income Tax (IRPJ) related to 2010, on profits earned by controlled and subsidiary companies... Continue Reading →
Offshore spending to outrun shale in 201
Norwegian oil and gas intelligence firm Rystad Energy has predicted that offshore spending will outgrow spending on onshore shale activities in 2019 with offshore subsea service companies set to benefit from it. Rystad said on Thursday that, at current oil price levels, spending on land rigs, fracking, and other services for the shale industry was... Continue Reading →
Petrobras – Resumption of competitive processes that result in sale of control of TAG and ANSA
Rio de Janeiro, January 17, 2019 - Petróleo Brasileiro S.A - Petrobras, following up on the Material Facts disclosed on 07/03/2018, informs that its Executive Board has decided to resume the competitive processes for the sale of a 90% stake in Transportadora Associada de Gás S.A ("TAG"), sale of 100% of Araucária Nitrogenados S.A ("ANSA")... Continue Reading →
GeoPark Announces Fourth Quarter 2018 Operational Update
Record Annual Oil and Gas Production up 31% Extending Consistent 15-Year Growth Track Record More Than 85% Drill Bit Success Acquisition of Key Colombian Llanos 34 Interests GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru,... Continue Reading →
M&A: Oil majors jockey for position to ride an LNG boom
Firms are reshuffling their portfolios in favour of gas ahead of the looming energy inflection point Although gas may not dominate energy supply for another 10-20 years or more, the industry is looking over the horizon. Following on from a series of liquefied-natural-gas-driven M&As that included ExxonMobil's acquisition of a 25% stake in Mozambique Area... Continue Reading →
Oil majors’ strategies are variations on a theme
The majors' plans for 2019 look remarkably similar on the surface, but there are key differences Share price performance since the start of 2016 would seem to suggest that the majors have been taking radically different approaches. BP and Shell have been tearaway successes (see Fig1.), ExxonMobil and Eni have lagged and Total and Chevron... Continue Reading →
Oil transhipment operations at Porto do Açu in 2018 increased by 235% compared to 2017
1/16/19 With the completion of 40 oil transhipment operations in 2018, Açu Petróleo , the partnership between Prumo Logística and Oiltanking , which operates in Porto do Açu, had a 235% increase compared to operations carried out in 2017. The company has totaled 61 operations since the beginning of its activities, and this rapid growth... Continue Reading →
Nomination to the Board of Directors of Petrobras
Rio de Janeiro, January 16, 2019 - Petróleo Brasileiro SA - Petrobras informs that it received a letter from Mr. John Milne Albuquerque Forman resigning from his nomination, by the controlling shareholder, to be a member of the Company's Board of Directors, as disclosed in a press release of 01/14/2019. Forman thanked for the invitation... Continue Reading →
Brazil ethanol pipeline owner eyes corn-based fuel makers
Logum, the company operating Brazil’s sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow. Chief Executive Wagner Biasoli told Reuters Logum has secured financing for an expansion to link new mills in the state of Minas... Continue Reading →
Brazil Energy Insight 