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12/27/18 The signing of the financing agreement of R $ 1.76 billion with UTE GNA I Power Generation for the implementation of a Liquefied Natural Gas (LNG) thermoelectric plant brought a novelty in financing modeling that could become a benchmark for other projects supported by the BNDES. The thermoelectric plant is one of two units... Continue Reading →
Rio de Janeiro, December 26, 2018 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact published on December 18, 2018, hereby informs that it submitted to the CVM, on this date, the request for registration of the offer for public distribution of non-convertible, unsecured debentures of up to 3 (three) series, of the... Continue Reading →
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at... Continue Reading →
Dec 26, 2018 The ANP has put in public consultation the proposal of an agreement with Petrobras to close the dispute about the unification of fields of Parque das Baleias into a single asset, in this case, Jubarte. At stake is the payment of special participations (SP’s), which will be higher if several of the... Continue Reading →
Brazilian prosecutors leading the so-called “Car Wash” probe on Friday charged 42 people for their role in an alleged corruption scheme involving a construction contract for state-run oil firm Petroleo Brasileiro in the state of Bahia. In a statement, prosecutors said those charged included former high-ranking officials at Petrobras and its pension fund Petros, and... Continue Reading →
Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp (XOM.N) in Guyanese waters over the weekend, Guyana’s foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory. The latest incident in a century-old border dispute comes after a series of offshore oil discoveries have... Continue Reading →
Rio de Janeiro, December 21, 2018 - Petróleo Brasileiro S.A - Petrobras informs that its Board of Directors approved the dismissal, on 12/31/2018, of Mr. Ivan de Souza Monteiro of the position of the company’s CEO. In view of this dismissal, Mr. Ivan de Souza Monteiro presented his resignation as Petrobras' Board Member, as of... Continue Reading →
You could say offshore rig owners dug themselves a deeper hole, but that could be misleading. We’ll sum this up quickly. About six months ago, things were looking pretty good for the offshore rig market (at least on the surface). Momentum (and positive sentiment) was building on the back of more tendering activity and indications... Continue Reading →
Rio de Janeiro, December 21, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday it signed with the French company Total new documents related to the strategic partnership between the two companies announced on 03/01/2017. In the scope of this partnership, the companies have already signed transactions that resulted in the payment of U$... Continue Reading →
U.S. offshore vessel owner Seacor Marine is expanding its presence in Brazil through the formation of a new joint venture to acquire UP Offshore. Seacor on Thursday, December 20 announced the acquisition of UP Offshore by a new joint venture company that is 49% owned by a subsidiary of Seacor Marine and 51% owned by... Continue Reading →
Brazil Energy Insight 