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 →

10/19/18 GeoPark said it must drill the Praia dos Castelhanos 1 well in the Recôncavo Basin in November this year to test the potential of the Agua Grande, Sergi and Marfim formations. Preliminary activities on the REC-T-128 block, where the discovery is located, began in the third quarter. The REC-T-128 is from Round 13 and... Continue Reading →

10/19/18 The deadline for requesting the conversion of environmental fines was extended to December 31 of this year, according to normative instruction published Wednesday by Ibama. The defendants will have until that date to express interest in joining the program of conversion of environmental fines in services of preservation, improvement and environmental recovery. The defendant... Continue Reading →

Investments of US $ 18.9 billion predicted until 2022 in the Campos Basin should boost dozens of new oil production projects and stop the region's crisis with the generation of new jobs, the re-growth of business and the increase of royalties. Optimism spills over the oil business, as well as other activities that revolve around... Continue Reading →

Date has been set for Tidewater and GulfMark shareholders to vote for the proposed merger of the two companies. If the vote FOR prevails, the merger will create the world’s largest OSV fleet owner. Read more

  In a single year, Exxon Mobil Corp. has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro SA. The last 24 concessions the U.S. giant bought with its partners may hold 41 billion barrels, based on preliminary studies, according to Eliane Petersohn, a superintendent... Continue Reading →