Petrobras aims to raise oil production from 8% to 10% to about 2.3 million barrels per day (bpd) in 2019 and reduce debt by another $ 10 billion next year, the company's chief financial and investor relations officer, Rafael Grisolia, told Reuters.   The world's most indebted oil company is on track to reduce its... Continue Reading →

See attached presentation Apresentacao_Investor-Day-NY-14-09-2018-Ingles

September 17, 2018 RIO - Twelve years after its discovery, Brazilian pre-salt has become the most attractive oil frontier in the world. The reduction of costs provided by the technological advances made by the industry in the country and the high rates of productivity of the fields made the area in the Santos and Campos... Continue Reading →

9/14/18 The National Economic and Social Development Bank (BNDES) signaled to the oil and gas market that it will have mechanisms to encourage projects with relevant components of innovation and sustainability in the sector. According to the head of the bank's industry and services department, Ana Cristina Rodrigues da Costa, the bank is studying new... Continue Reading →

9/14/18 Company studies lower-cost configuration for next pre-salt contracting   Petrobras is developing a new risers configuration for its pre-salt projects. Named Dampened Steel Catenary Riser (DSCR), the technology promises to generate savings by reducing the number of buoys of the traditional Steel Lazy Wave Riser (SLWR) model used in the Sapinhoá field, for example.... Continue Reading →

9/14/18 Leonardo Junqueira leaves the presidency of the joint venture in Brazil and command passes the hands of Argentine   Repsol Sinopec has a new CEO, Argentine Mariano Ferrari, replacing Brazilian Leonardo Junqueira. The move was formalized this September. Mariano Ferrari was Repsol's president in the US, a position he held for two years. Graduated... Continue Reading →

The federal government intends to leave six petroleum auctions approved for its successor, three auctions of concession areas and another three of the pre-salt areas. The information is from the Secretary of Oil and Gas of the Ministry of Mines and Energy (MME), João Vicente Vieira, who participated in Rio de Janeiro seminar Resumed and... Continue Reading →

09/13/18 The Company had already requested postponement of the exploratory period of PEPB-M-894 and 896 last year   QGEP returned blocks PEPB-M-894 and PEPB-M-896, in the Pernambuco-Paraíba Basin. The company operated the two blocks acquired in the 11th round in 2013 with a 30% stake, in partnership with Petra. With this, the operator will no... Continue Reading →

9/13/18 Charter of the FPSOs City of São Vicente and City of São Mateus ends in 2019 BW Offshore wants to renew this year with Petrobras the agreement to charter the FPSOs Cidade de São Vicente and Cidade de São Mateus. The contractual period of the two vessels ends in 2019, with an extension option... Continue Reading →