Jair Bolsonaro, a far-right firebrand former Army captain, won Brazil’s presidential election in convincing fashion, wooing voters with promises to gut endemic political corruption and wage a brutal battle against powerful drug gangs. Read more

Rio de Janeiro, October 26, 2018 - Petróleo Brasileiro SA - Petrobras informs that in September its total production of oil and gas, including natural gas liquids (NGL), was 2.47 million barrels of oil equivalent per day (boed), 2.35 million boed produced in Brazil and 125 thousand boed abroad. The total operated production of the... Continue Reading →

10/26/18 Rating agency Fitch downgraded Odebrecht Engenharia e Construção (OEC) from CC to C after the company informed the overseas market of the non-payment of bonus interest with a return of 4.375% and said that it will exercise its right a 30-day grace period to honor the commitment. For Fitch, this precedes "a potential debt... Continue Reading →

Dril-Quip has reported net loss of $10.4 million, or $0.28 loss per diluted share, including restructuring costs of $3.7 million. During the corresponding period in 2017 the company reported net loss of $29.3 million, or $0.78 per diluted share. Total revenues were $93.3 million during the quarter, compared to total revenues of $100 million during the Q3 2017.... Continue Reading →

10/26/18 Petrobras began exploratory drilling at the Peroba Block, located in the pre-salt of the Santos Basin, nine months after signing a contract with the National Petroleum, Natural Gas and Biofuels Agency (ANP). First of the seven blocks sold in a share regime in 2017 and 2018 to start drilling, the Peroba block is 300... Continue Reading →

Chevron Corp (CVX.N) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA), three people familiar with the matter said this week. U.S. oil companies are looking to expand refining operations to handle rising volumes of crude flowing from the country’s... Continue Reading →

  October 26, 2018 ANP's board of directors approved the areas that will be nominated to the National Energy Policy Council (CNPE) to be tendered for in the bidding round, scheduled for 2019, and in the pre-salt auctions scheduled for 2020 and 2021. With the indication of the areas, ANP equals the pre-salt auction plans... Continue Reading →

Total’s Board of Directors met on October 25, 2018, to close the Group’s third quarter 2018 accounts. Commenting on the results, Chairman and CEO Patrick Pouyanné said: “Total’s third quarter adjusted net income increased by 48% from last year to $4.0 billion, while oil prices increased by 44% to 75 $/b supported by supply tensions... Continue Reading →

Rio de Janeiro, October 25, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction Nº358 of January 3, 2002 and Circular Letter CVM/SEP/Nº002/2018, informs that it was notified by Caixa de Previdência dos Funcionários do Banco do Brasil (“PREVI”) that PREVI sold preferred shares issued by Petrobras, so that... Continue Reading →