The man who will likely be Brazil’s next Defense Minister greeted two reporters waiting outside the door, then politely sent them packing. “I do apologize,” he said, before slipping back into a cramped hotel conference room in the capital of Brasilia. “On orders from Bolsonaro, it is radio silence until the election is over.” Read... Continue Reading →

  Petrobras' oil exports are set to rise sharply in 2019 and the company is operating overseas, especially in Asia, to develop more market, Petrobras president Ivan Monteiro said on Monday while attending a seminar at the Getúlio Vargas Foundation (FGV). The executive, who took office as president in June this year, after resignation of... Continue Reading →

Oilfield services provider TechnipFMC has been awarded a contract by an affiliate of ExxonMobil for the engineering of the subsea system for the proposed Liza Phase 2 project offshore Guyana.  Following engineering and subject to requisite government approvals, project sanction and an authorization to proceed with the next phase, TechnipFMC will then manufacture and deliver the subsea equipment.... Continue Reading →

U.S. oilfield services provider Halliburton recorded an increase in profit and revenues during the third quarter of 2018 compared to a year earlier.  Halliburton on Monday reported an income from continuing operations of $435 million for the third quarter of 2018. This compares to income from continuing operations for the third quarter of 2017 of... Continue Reading →

Norwegian owner and operator of offshore vessels Solstad Offshore has started negotiations with lenders to improve the overall liquidity situation prior to the North Sea winter season. According to the company, the winter season is expected to be challenging for the company’s liquidity position. Read more

Almost a year after starting the production of the Mero field (northwestern part of Libra), in the pre-salt of the Santos Basin, Petrobras concluded this month a first cycle of tests in the area. At the same time that it prepares new tests, the company starts to buy goods and services for the project, which... Continue Reading →

Rio de Janeiro, October 19, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today Mr. Christian Alejandro Queipo presented his resignation from the position as member of the company’s Board of Directors, for personal reasons. As a member representing the company's employees, his succession will follow the procedures established in paragraph 2 of article... Continue Reading →

Rio de Janeiro, October 19, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2018 third quarter results on November 6, 2018, before the market opens. Therefore, between 10/22/2018 and 11/06/2018, the company will be in quiet period, during which it is not able to comment or provide clarifications related to... Continue Reading →

10/19/18 IBAMA is preparing a new resolution to integrate the initial phase of environmental licensing of seismic campaigns in the Campos, Espírito Santo and Santos basins. The plan is to publish the draft of the document, which will be in public consultation for about 20 days, in the coming weeks. Announced in a meeting between... Continue Reading →

10/19/18 With the entry of the Ceará Cluster into the binding phase of Petrobras' asset divestment, announced on October 18, there are 19 asset pools at this stage, out of the 22 E & P assets offered for sale. The Ceara Cluster sale, which includes the fields of Curimã, Espada, Atum and Xaréu, was launched... Continue Reading →