Rio de Janeiro, December 18, 2018 - Petróleo Brasileiro SA - Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil ("CVM"), hereby informs that the Board of Directors , in a meeting held today, approved the 6th (sixth) issuance of simple,... Continue Reading →
Brazil’s Andrade Gutierrez to pay $381 million fine to settle graft charges
Andrade Gutierrez Engenharia, a construction company, has signed a 1.49 billion reais ($381.49 million) deal to settle corruption allegations against it, federal authorities said on Tuesday, as part of the so-called “Car Wash” graft investigation. Andrade Gutierrez is one of more than 30 construction companies being investigated in the sprawling probe which has ensnared senior... Continue Reading →
CNPE approves 2019 auctions
December 16, 2018 The National Energy Policy Council (CNPE) is expected to approve this Monday (17/12) the 16th round and the 6th pre-salt auction. The auctions are scheduled by the National Petroleum Agency (ANP) to take place in the second half of next year. There was strong expectation - even within part of the... Continue Reading →
Petrobras – Diesel Price Subvention Program
Rio de Janeiro, December 14, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/29/18 informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of 8/27/18, the average price of diesel practiced by the company in its refineries and terminals will be R$... Continue Reading →
P-66 continues to lead in production
12/14/18 The P-66 held the second consecutive month as the platform with the largest production of oil and gas in the country, extracting 183 thousand bopd in October, being 146 thousand bopd and 5.8 million m³ / d of natural gas. Petrobras' FPSO ramp-up in the last year is the most marked among the platforms... Continue Reading →
Petrobras returns four exploratory areas in November
12/14/18 In November, Petrobras returned four exploratory concessions to the Union. This year, a total of 12 returns have already been made. As a result, the Brazilian state-owned company now owns a portfolio of 134 blocks, contracted under both a concession and sharing system. The areas returned in November are concentrated in the terrestrial and... Continue Reading →
Brazil prosecutors charge former Trafigura executives with corruption
SAO PAULO (Reuters) - Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura [TRAFGF.UL] for allegedly paying at least $1.5 million in bribes to employees of Brazil’s state-run oil company Petroleo Brasileiro. Prosecutors said in a written statement that the charges filed against Mariano Marcondes Ferraz, a... Continue Reading →
Petrobras Appointment of the new CEO
Rio de Janeiro, December 13, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today it received from its controlling shareholder a letter with the appointment of the economist Roberto da Cunha Castello Branco to serve as President of the company and member of Petrobras Board of Directors. The indication shall be submitted to corporate... Continue Reading →
Libra Consortium puts Mero SPA in operation
After almost two and a half months, Libra Consortium resumes production of the sharing field, initiating the operation of a new phase The Libra consortium put into operation the first advance production system of the field of Mero. The new system is being carried out with the newly drilled 3-RJS-751D (Mero 2) injector well... Continue Reading →
TechnipFMC Delivers 2019 Forecast
The UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion. The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%. Continue reading
Brazil Energy Insight 