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 →

October 18, 2018 Anglo-Dutch Shell closely follows the election in Brazil, where it has disbursed nearly $ 5 billion in signature bonuses in pre-salt auctions over the last five years. However, whatever the outcome on Oct. 28, the company plans to invest $ 1bn-$ 2bn a year in deepwater exploration and production in the country... Continue Reading →

10/18/2018 Rio de Janeiro, October 18, 2018 - Petróleo Brasileiro SA - Petrobras, following the Notice to the Market of 10/4/2017, announces the beginning of the binding phase of the assignment of the total exploration, development and production rights of the Polo Ceará, located in shallow waters in the Ceará Basin. At this stage of... Continue Reading →

10/17/18 The possible formation of a joint venture between Petrobras and CNPC to develop the revitalization projects of Marlim and Comperj follows the strong movement of China's entry into the Brazilian oil sector. According to the Ministry of Planning, oil and gas projects (announced or confirmed) attracted about $ 40 billion in Chinese investments between... Continue Reading →

Brazil’s federal police have asked the supreme court to indict President Michel Temer and confiscate his assets and those of some of his close associates over alleged graft, according to a copy of its report for the court, seen by Reuters on Tuesday. Read more

Efforts to unite the Brazilian left against right-wing presidential front-runner Jair Bolsonaro have snagged on internal squabbles, making it even harder to close a gap in opinion polls less than two weeks before the run-off election. Read more