ExxonMobil has made its tenth discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery at... Continue Reading →
Petrobras -Payment of Interest on Own Capital
Rio de Janeiro, December 3rd, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in connection to the press released of November 6th, 2018 is paying today Interest on Own Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, totaling R$ 1,304,449,693.00, corresponds to a gross amount... Continue Reading →
Petrobras and Murphy conclude formation of a joint venture in the Gulf of Mexico
Rio de Janeiro, December 3, 2018 – Petróleo Brasieiro S.A. – Petrobras, following up on the release disclosed on 10/10/2018, announces that it concluded the operation that has resulted in the formation of a joint venture company ("JV"), of which Murphy Exploration & Production Company ("Murphy" ) has 80% stake and Petrobras America Inc ("PAI")... Continue Reading →
ABS, GE teaming up on digital twin tech for offshore rigs
ABS, one of the world’s leading classification societies, has teamed up with GE collaborating on digital twin offshore rig deployment for equipment health monitoring and prediction. ABS has said it has awarded GE a Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment... Continue Reading →
Aker Solutions teams up with Siemens to develop digital solutions for oil & gas
Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations, and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle, Aker Solutions explained in a statement... Continue Reading →
Petrobras – Disclosure of Relevant Shareholding Position
Rio de Janeiro, November 30, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of November 28, 2018 it manages share interests... Continue Reading →
Petrobras – Pre-payments of bank debts
Rio de Janeiro, November 30, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has pre-paid bank debts totaling US$ 1.35 billion, according to the table below: Bank Value (US$ million) Original Maturity Bank of America 500 2023 Intesa Sanpaolo 850 2022 The transactions are in line with the company’s liability management... Continue Reading →
Brazil’s police to probe incoming Economy Minister Guedes
Brazil’s federal police opened an investigation into incoming Economy Minister Paulo Guedes for alleged fraud tied to pension funds of state-run firms, lawyers for the future minister said on Friday, confirming an earlier report from Folha de S.Paulo newspaper. Read more
Drilling of the first well in Uirapuru to accelerate
11/30/18 Drilling of the first well in Uirapuru to accelerate The Petrobras / Petrogal / Equinor / ExxonMobil consortium intends to drill its first exploration well in the Uirapuru area, in the Santos Basin, until the end of 2019. The information was confirmed by the CEO of Galp in Brazil , Miguel Pereira. Although the... Continue Reading →
Petrobras – Reduction of Significant Shareholding Interest
Rio de Janeiro, November 29, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of November 27, 2018 it manages shareholding interest... Continue Reading →
Brazil Energy Insight 