Rio de Janeiro - Federal Minister of Justice Marco Aurélio Mello of the Federal Supreme Court (STF) decided on Wednesday to suspend the effects of the decree that defines the rules for the assignment of rights of exploration and development of oil and natural gas production by Petrobras. In practice, the decision leaves the state's... Continue Reading →
BP licenses up to three wells in the Santos Basin pre-salt
December 19, 2018 BP began the environmental licensing at IBAMA of up to three exploration wells in the Pau Brasil area, where the company was declared winner at the 5th pre-salt auction held in September. The company is forecasting for the project a firm well and others depending on the outcome of the first one.... Continue Reading →
Porto Açu will have heliport for transportation of personnel and cargo to platforms in the Campos Basin
18/12/2018 - RIO – The Porto Açu, in São João da Barra, in the north of the state of Rio, will build a heliport and become one of the workers embarkation bases for offshore oil production platforms on the coast of Rio de Janeiro. The works start at the beginning of next year, informed yesterday... Continue Reading →
Brazil top prosecutor indicts President Temer for corruption
Brazil’s Prosecutor General Raquel Dodge on Wednesday charged President Michel Temer with corruption and money laundering uncovered in an investigation into graft related to port concessions, according to a statement from her office. Temer, who leaves office on Jan. 1, is under investigation for allegedly taking bribes in exchange for issuing a decree in 2017... Continue Reading →
Brazil chief justice suspends Lula ruling until next year
The chief justice of Brazil’s Supreme Court late on Wednesday knocked down a colleague’s ruling that would have freed from jail former president Luiz Inacio Lula da Silva, but said the full court will take up the contentious case in April. Chief Justice Dias Toffoli wrote in his ruling that it would be up... Continue Reading →
Solstad bondholders agree to suspension of debt payments
Expecting a challenging winter season in the North Sea, Solstad in late October decided to begin negotiations with lenders and other stakeholders to improve the overall liquidity situation. Solstad in early December started negotiating a potential agreement whereby interest and amortizations on financial debt of the Solstad Offshore group would be temporarily suspended and deferred starting December 20,... Continue Reading →
Minister Moreira Franco wins the Petroleum Economist Award for “Minister of the Year”
Photo credit: Mr. Saulo Cruz Minister of Mines and Energy Moreira Franco received today from the hands of Mr. Andy McDowell, vice president of the publisher Gulf Energy Information, World Oil, which publishes the magazine Petroleum Economist, the tribute of "Minister of the Year of 2018". The Petroleum Economist Award was created in 2014. Energy... Continue Reading →
Brazil judge issues ruling that may free ex-president Lula
A Brazilian Supreme Court justice issued a ruling on Wednesday that could lead to the release of ex-President Luiz Inacio Lula da Silva, who was jailed this year on a corruption conviction. Lula was jailed in April after being sentenced to more than 12 years in prison, and faces six other trials for alleged corruption.... Continue Reading →
Temer signs Decree that implements proposals for Gas to Grow
12/17/2018 | 18h48 President Michel Temer signed a decree that implements some of the proposals for the Gás para Crescer initiative, which do not depend on a modification of the Law. The new legal instrument reviews Decree No. 7,382, of December 2, 2010, which regulates the Gas Law (Law No. 11,909 of March 4, 2009).... Continue Reading →
CNPE authorizes two rounds in 2019 and studies for auctions until 2021
12/19/2018 | 09:09 The National Council for Energy Policy (CNPE) today published (18/12), in the Official Gazette of the Union, Resolutions 17 and 18/2018, which authorize ANP to hold, respectively, the 16th Round of Bids for blocks and the production of oil and natural gas in the concession modality and the 6th Round of Bids... Continue Reading →
Brazil Energy Insight 