10. Sep, 2018 Petrobras announced that it plans to start exploration activities in the Peroba area in October, nine months after the signing of the purchase agreement. The block was acquired by the company during the third round of the pre-salt, held last year. The information was presented today (10) by the Executive Director of... Continue Reading →

11/09/18 Petrobras concluded the farm-out of the BM-C-14 (Xerelete Sul) and BC-2 (Xerelete) concessions to Total, in the Campos Basin. Petrobras withdrew its stake in 2016, but only now has the process been completed after regulatory approvals. The assets had been included in the company's divestment program in 2013 but received no offer to buy.... Continue Reading →

Campos Basin has nine more blocks in the permanent offer listThe ANP recently updated the permanent supply of exploration areas, with the inclusion of nine blocks in the Campos Basin, on the banks of the pre-salt polygon, as well as a land block in the Recôncavo Basin . With the upgrade, the permanent offer reaches... Continue Reading →

  Crude oil extraction costs in the Santos Basin may reach a historic low of $ 5 per barrel, but the timeframe for doing so will depend on the development of the area known as the Onerous Assignment, a Petrobras executive told reporters on Wednesday. Large oil companies have invested heavily in Brazil, the largest... Continue Reading →

Jailed former Brazilian president Luiz Inacio Lula da Silva will throw in the towel on Tuesday in his legal battle to run in the Oct. 7 election and allow his Workers Party to announce running mate Fernando Haddad as its candidate, party sources told Reuters. Read more

European oil majors are looking for more than just deepwater gushers in Brazil. They also plan to profit from the country’s abundant wind and sunshine. Royal Dutch Shell Plc, Total SA and Equinor ASA have all pledged in recent weeks to invest in Brazilian renewables. The push could more than double wind and solar’s share... Continue Reading →

Rio de Janeiro, September 10, 2018 - Petróleo Brasileiro S.A. - Petrobras, further to the release disclosed on June 13, 2017, informs that the extinction of the non-statutory position of Deputy Officer for Governance and Compliance will be submitted to the evaluation of the company’s competent bodies. Exceptional and temporary, the termination of this position,... Continue Reading →

10/09/18 Higher oil prices and more cost-effective offshore projects are boosting the demand for drilling rigs. According to an IHS Markit study, demand will continue to increase until 2020, especially for deep waters. The average demand for drilling units, including jack-ups and floaters, is expected to increase 13% between 2018 and 2020. The highest demand... Continue Reading →

10/09/18 Petrobras has defined two local content scenarios for Búzios V FPSO, which will be installed in the onerous assignment area, in the Santos Basin pre-salt. Front runner, Exmar, will have to reach an aggregate 25% in the construction of the unit or comply with the requirements according to items and sub-items specified by Petrobras... Continue Reading →

09/18/18 Operator plans to start drilling a well in North Carcará by the end of the year   Equinor plans to start drilling a well in the North area of ​​Carcará by the end of the year after the testing phase being carried out in the Guanxuma prospect. The company received from Ibama license to... Continue Reading →