After making his fortune with contrarian bets in financial markets, Brazilian economist and investor Paulo Guedes is making his boldest wager yet. He says presidential front-runner Jair Bolsonaro - who spent decades as a congressman fighting to raise public-sector pay and railing against privatizations - will usher in a golden age of orthodox, market-friendly policy... Continue Reading →

Oct 24, 2018 New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. Read more

10/24/18 One of the wells was dry and the other showed non-commercial signs of gas Ouro Preto has suspended its drilling campaign in the Parnaíba Basin and will evaluate the data obtained from the first two exploration wells drilled in the region by the QG-2 rig of Queiroz Galvão Óleo & Gás. The strategy was... Continue Reading →

With just days left before the final vote in Brazil’s toxic presidential election, it is clear that, barring a seismic change in fortunes, Jair Bolsonaro will become Brazil’s next head of state. The authoritarian former army captain, who last week said he wants to return Brazil to the way it was 40 or 50 years ago, has a... Continue Reading →

U.S. oil and gas firm Noble Energy has named Brent Smolik as its new President and Chief Operating Officer. Noble Energy said on Thursday that Smolik, who will be joining the company effective November 16, 2018, will be responsible for leadership of Noble Energy’s worldwide operations. Read more

10/22/18 Bidding foresees the operation of three production rigs in several municipalities of the state Petrobras received proposals for the provision of intervention services in terrestrial wells in the state of Bahia. The activities will be carried out with three terrestrial production rigs and will include operations of abandonment, deepening, descent and withdrawal of liners.... Continue Reading →

- 10/22/18 Petrobras has opened a RFI (Request For Information) to collect information on support and special vessel operators mapped in its supplier registry. The objective is to promote improvements in charter procurement processes. The document obtained by BE Petroleum presents technical specifications for the operation of PSVs, OSRVs (contingency operations), dive support vessels (DSVs... Continue Reading →

10/23/18 In view of the growth in production and oil exports expected in 2019, Petrobras will have to return to the market to hire new vessels that transfer the production of the platforms to the coast, the so-called relief vessels, after cutting its fleet as per an operational efficiency program implemented in the last two... Continue Reading →