Rio de Janeiro, January 10, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the press release of 01/04/2019 and 01/07/2019, informs that its Board of Directors approved the dismissals of Mrs. Solange da Silva Guedes, on 01/20/2019, from the position of Chief Exploration and Production Executive Officer and Mr. Hugo Repsold Júnior, on... Continue Reading →
Petrobras Starts Prequalification Stage for Fafens Lease Bidding
Rio de Janeiro, January 10th, 2019 - Petróleo Brasileiro SA - Petrobras, following the Press Release of 10/30/2018, announces that it is initiating the leasing process of the fertilizer plants located in Sergipe (Fafen-SE) and in Bahia (Fafen-BA). Therefore, the company starts today the prequalification process, in order to qualify companies that wish to participate... Continue Reading →
Venezuela Plans to Remap Its Offshore Oil Territory, Escalating Tension With Exxon
Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said. The seismic survey is planned for the coming months and will include an eastern area of... Continue Reading →
EllaLink Construction Kicks Off
EllaLink and Alcatel Submarine Networks (ASN) have started construction of the EllaLink Submarine Cable System. Scheduled for operation in 2020, the EllaLink System is a 4 fiber pair submarine system designed to satisfy the demand for traffic between Europe and Latin America. Linking Data Centers in Madrid, Lisbon, Marseille, Fortaleza and São Paulo, EllalLink will... Continue Reading →
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. – court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the U.S. on Dec. 20, an arrest that... Continue Reading →
Petrobras – Clarification on Revision of the Transfer of Rights Agreement
Rio de Janeiro, January 08, de 2019 – Petróleo Brasileiro S.A. – Petrobras clarifies, on news published in the press, on an eventual agreement related to the Revision process of the Transfer of Rights Agreement (“Agreement”) that: Since November 2017, the company established an internal commission, in charge of negotiating the review of the Agreement... Continue Reading →
4Subsea Delivers Report on Bonded Flexible Pipes
4Subsea has recently completed a report on bonded flexible pipes for PSA Norway (Petroleum Safety Authority). Flexible pipes expert Svein Are Løtveit is the main author of the new report “PSA Norway State of the Art Bonded Flexible Pipes 2018”. The 75-page report provides an in-depth update on bonded flexible pipes and covers most bonded... Continue Reading →
Noble drillship lands more Guyana work with ExxonMobil
Offshore driller Noble Corporation has won a contract for its drillship Noble Tom Madden with ExxonMobil in Guyana. Noble said in its fleet status report published on Monday, the 2014-built Noble Tom Madden drillship had been awarded a one-year contract with ExxonMobil in Guyana. The contract duration is from mid-February 2019 to mid-February 2020. The rig’s... Continue Reading →
Petrobras – Change in Exploration and Production Executive Office
Rio de Janeiro, January 7, 2019 - Petróleo Brasileiro S.A - Petrobras, in addition to the press release disclosed on January 4, 2019, informs that its CEO Roberto da Cunha Castello Branco, finalizing the changes proposed in his current Executive Board, appointed Mr. Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office.... Continue Reading →
Petrobras shares rise on report Brazil government to pay oil company $14 billion
Common shares in state-controlled oil company Petroleo Brasileiro SA rose 5.5 percent in Sao Paulo after a newspaper reported the government will pay $14 billion to the company to settle a dispute about a so-called transfer of rights area off the Brazilian coast. The Brazilian newspaper Valor Economico, which did not say how it obtained... Continue Reading →
Brazil Energy Insight 