A judge released fresh testimony on Monday alleging corrupt practices involving members of Brazil’s leftist Workers Party (PT), whose candidate Fernando Haddad faces far-right lawmaker Jair Bolsonaro in this month’s presidential election. Read more

October 2, 2018 There is a joke among oil and gas engineers that there are three things you can not avoid in life: death, taxes, and decommissioning. On the eve of the resolution of the ANP that disciplines the deactivation of oil and gas production systems enter into public consultation, industry and government move to... Continue Reading →

10/1/18 Shell Brasil president André Araujo said that the results of the 5th Round of the pre-salt reinforces the company’s interest and definitively consolidates the company's participation in the oil and gas sector in Brazil. "It's one more step [of Shell] to believe in the country and I think this was the result of strong... Continue Reading →

10/1/18 Colombian Ecopetrol was the first company in Latin America to join as a partner in an area in the Brazilian pre-salt. The company integrated with 20% the consortium that will have BP as operator (50%) and Chinese CNOOC with 30%. "For Ecopetrol the importance [of this auction] is to enter the most important offshore... Continue Reading →

SBM Offshore’s former CEO Tony Mace has been sentenced to three years in prison for his involvement in an international bribery conspiracy. Mace, a UK-citizen, who left the CEO position of the FPSO supplier SBM Offshore back in December 2011, was sentenced to 36 months in jail and a fine of $150,000. Read more

BASF and LetterOne have signed a definitive transaction agreement to merge their respective oil and gas businesses Wintershall and DEA in a joint venture, which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading independent European exploration and production company with international operations in core regions. By combining the two German-based... Continue Reading →

  The acquisition will last 180 days and will be completed in June of next year. October 1, 2018   Spectrum intends to start in January 2019 the acquisition of 12,185.60 km of 2D seismic lines in deep waters of the Campos Basin. The acquisition will last 180 days and will be completed in June... Continue Reading →

The absence of proposals in the 5th Round of the Pre-salt, last Friday, is far from signifying a lack of interest from the Norwegian oil company Equinor for Brazil. For the company, which has annual global revenues of US $ 61.2 billion and plans to invest US $ 15 billion in Brazil by 2030, the... Continue Reading →

Brazil’s business class is quietly rooting for far-right presidential candidate Jair Bolsonaro to win the nation’s highest office this month, fearful of a return to leftist rule in Latin America’s largest economy. The nation’s currency and equity markets have increasingly rallied in lock-step with favorable poll numbers for Bolsonaro, a firebrand congressman better known for... Continue Reading →