French energy group Total has agreed to buy some businesses of Brazil’s Grupo Zema to expand in the biofuels sector. Total said it would be buying fuel distribution company Zema Petróleo, reseller and retailer arm Zema Diesel and importation company Zema Importacao. Financial terms were not disclosed. Zema Petroleo runs 280 dealer-operated service stations and... Continue Reading →

Far-right president-elect Jair Bolsonaro, in a bid to reform Brazil’s complex tax system, is analyzing three models: a program of gradual adjustment, adopting a value-added tax, or a broader plan that could include a tax on financial transactions, a source with direct knowledge of the proposals said. Read more

11/21/18   Software performs well data collection and analysis in real time through a wearable technology Schlumberger has introduced a new technology for well testing. Concert software collects and analyzes surface and well data in real time. During the well test, the data is digitally integrated through a wearable technology, with wireless sensors and video... Continue Reading →

Rio de Janeiro, November 21, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in 11/19/2018 it received the payment of the diesel economic subvention, in the amount of R$ 1.176 billion, related to the 2nd period of the 3rd phase of the program (from 08/31/18 to 09/29/18).

The name of the executive who participated in the elaboration of the government plan of Bolsonaro was well received by the industry. Economist Roberto Castello Branco will be the president of Petrobras under Jair Bolsonaro, replacing Ivan Monteiro, who took office in June after Pedro Parente's departure. The executive's name had been circulating on the... Continue Reading →

Dutch FPSO giant SBM Offshore has officially signed a contract for the second Fast4Ward FPSO hull with the Chinese SWS shipyard. SBM Offshore is ordering the FPSO hull on speculation and with no firm contract awarded for the FPSO. The signing ceremony in Shanghai on Wednesday coincided with the keel laying ceremony for its first Fast4Ward... Continue Reading →

by epbr November 20, 2018 Economist Roberto Castello Branco, appointed by President-elect Jair Bolsonaro, to Petrobras next year, said that the focus of the company should be the acceleration of pre-salt exploration. According to him, plans for the company's future will be detailed soon, including privatizations. Yesterday (19), Bolsonaro said that Petrobras is a strategic... Continue Reading →

Offshore drilling company Vantage Drilling has agreed to pay a settlement fee and resolve the SEC’s investigation into a potential bribery case related to a drillship deal with Petrobras. The driller on Monday said it had concluded the settlement with the United States Securities and Exchange Commission “resolving the SEC’s investigation into possible violations of... Continue Reading →