1/14/19 Décio Oddone, director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), said on Friday that the permanent supply of areas should warm up the exploration dynamics in the land segment in the country in four to five years. "We expect that between four and five years we will have a... Continue Reading →
Changes in Petrobras’ Board of Directors
Rio de Janeiro, January 14, 2019 - Petróleo Brasileiro SA - Petrobras informs that it has received communication from its controlling shareholder, as assured by Petrobras By-Laws and Brazilian legislation, with the nomination of three new members to the Petrobras Board of Directors, Eduardo Bacellar Leal Ferreira, John Milne Albuquerque Forman and João Cox. These... Continue Reading →
Ensco raises Rowan bid. Says proposal is final
Offshore drilling company Ensco has raised its offer for rival Rowan Companies, offering an increase in the exchange ratio for its all-stock combination with Rowan. The increased offer comes a week after it was announced that one of Rowan’s major shareholders, Canyon Partners, would oppose the merger saying the deal significantly undervalues Rowan. Ensco on... Continue Reading →
Petrobras – Suspension of a preliminary injunction related to the Divestment Program
Rio de Janeiro, January 14, 2019 - Petróleo Brasileiro SA - Petrobras, following the press released on 12/20/2018, informs that the injunction rendered by Minister Marco Aurélio Mello on December 19, (ADI No. 5942), was suspended by the President of the Federal Supreme Court, Minister Dias Toffoli, until its judgment by the plenary. In this... Continue Reading →
Oil auctions scheduled for October and November
16th round of bids and 6th pre-salt auction are the first competitions that will be made in the Bolsonaro government The ANP scheduled for October and November the 16th round and 6th pre-salt auction, respectively. The information is from the director general of the agency, Décio Oddone. The 16th round will offer 42 offshore... Continue Reading →
Dias Toffoli’s decision releases sale of Petrobras’ deepwater areas in Sergipe
Petrobras is seeking a partner to develop the production of its deepwater projects in the state January 13, 2019 The decision of STF President Dias Toffoli to overturn the injunction granted by Minister Marco Aurélio de Mello that suspended the effects of Decree 9.355 / 2018 and made it difficult to sell Petrobras assets releases... Continue Reading →
Supreme Court Judge Toffoli overturns injunction that makes it difficult to sell Petrobras assets
President of the Federal Supreme Court annulled the decision of the Minister Marco Aurélio de Mello that suspended decree edited by Michel Temer January 12, 2019 The president of the Federal Supreme Court (STF), minister Dias Toffoli, overturned on Saturday the decision of Minister Marco Aurélio de Mello that suspended the effects... Continue Reading →
Exclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge’s order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. They... Continue Reading →
Offshore Executives to Address Industry
Top executives from Halliburton, PetroRio and Porto do Açu Operacoes will assemble Feb. 20-21, 2019 to address a wide array of international and Brazilian delegates at Global Offshore Brazil Summit. Key agenda topics include Strategies for Mature Fields and Enhanced Recovery Techniques, with a particular focus on improving reservoir exposure from Halliburton’s Technology Manager, Andy Grossman.... Continue Reading →
Guyana: CGX, Frontera amend financing and farm-in deals. Drilling schedule unchanged
CGX Energy and Frontera Energy Corporation have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million. Frontera said on Friday that the launch would occur on or before February 6, 2019, and anticipated to be completed on or before March 15, 2019, subject... Continue Reading →
Brazil Energy Insight 