Rio de Janeiro, September 28, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 8/7/18 and 8/31/18, informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of 8/27/18, the average price of diesel will be R$ 2.3606 per liter as of 9/30/18, which... Continue Reading →

Rio de Janeiro, September 28, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 5, 2018, informs that it acquired an offshore block in the 5th Bidding Round under the Production Sharing Regime, held today by the National Petroleum Agency (ANP), as the operator in this block. Under this... Continue Reading →

Royal Dutch Shell Plc (RDSa.AS) and Chevron Corp (CVX.N) on Friday led big bets by oil majors seeking to clinch key stakes in Brazil’s coveted offshore oil play, shrugging off concerns over presidential elections that have cast a pall of uncertainty over the industry. Shell and Chevron pledged to the government a high 70.2 percent... Continue Reading →

Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits. But this time there seems to be a bigger chance it will actually happen, according to analysts at Credit Suisse Group AG and Morgan Stanley. Some of the world's biggest owners of rigs that drill... Continue Reading →

September 28, 2018 The ANP held, on September 28, 2018, in the city of Rio de Janeiro, the public session for the presentation of offers of the 5th Round of Bids for Production Sharing. The round was aimed at granting production-sharing contracts for the exploration and production of oil and natural gas in the Saturn,... Continue Reading →

5th Production Sharing Round: result for Tita (Santos Basin) - Exxon Brasil (64%), QPI Brazil (36%). Signature bonus: R $ 3.125 billion.   5th Production Sharing Round: result for Pau-Brazil (Santos Basin) - BP Energy (50%), CNOOC Petroleum (30%) and Ecopetrol (20%). Signature Bonus R $ 500 million.   5th Production Sharing Round: result for... Continue Reading →

Total SA is among a growing chorus that sees $100-oil on the horizon. But the French energy giant isn’t thrilled about it. CEO Patrick Pouyanne sees supportive elements, such as looming sanctions on Iran and disruptions in Venezuela, that are stripping supply from the market and pushing prices back into triple digits for the first... Continue Reading →

Transocean said on Friday that the contract extension was for the ultra-deepwater drillship Petrobras 10000. The company added that the contract was extended by 790 days and that the vessel would work offshore Brazil. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September... Continue Reading →

Oil majors are set to gather in Rio de Janeiro on Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry. The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring... Continue Reading →

Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company’s chief executive officer in Brazil, Carla Lacerda, said on Thursday. Exxon also sees new opportunities in Brazil’s biofuels, bioenergy and gas sectors, Lacerda said during a panel discussion at... Continue Reading →