Oil production will reach 5.5 million barrels per day by 2027, according to estimates by the director general of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, presented at the 49th Brazilian Congress of Geology. During the speech, he revealed that studies carried out by Shell indicate, that at the same... Continue Reading →

Rio de Janeiro, August 23, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in connection to the Material Fact released on 08/03/2018 is paying today Interest on Capital  (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, totaling R$652.2 million, corresponds to a gross amount of R$0.05... Continue Reading →

Rio de Janeiro, August 20, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 319/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 319/2018/CVM/SEP/GEA-1 “Mr. Director, 1. We refer to the complaint made by investor/public, forwarded to this CVM on 06.27.2018, regarding the suitability of the disclosure of potential... Continue Reading →

Royal Dutch Shell’s (RDSa.AS) Brazil chief said on Wednesday that the company is evaluating the assets of Centrais Eletricas Brasileiras SA’s (ELET6.SA) that are being put up for sale as part of the state-owned utility’s debt reduction and privatization plans. Andre Araujo also told reporters that the company was considering participating in an upcoming Brazilian... Continue Reading →

08/22/18 The ANP (National Oil, Gas and Biofuels Agency) has reduced commitments to buy goods and services in the country's Libra contract, the country's largest oil discovery. With this, Petrobras and its partners will be able to contract platforms abroad without the risk of fines. It is the first large national contract that can approve... Continue Reading →

08/22/18 Petrobras postponed again delivery deadline for interconnection services for wells in the field Petrobras has postponed the deadline for delivery of goods and services for the installation of rigid, flexible, umbilical and submarine pipelines of the Mero 1 production collection system in the pre-salt Santos. The date of submission of proposals has been postponed... Continue Reading →

08/22/18 Ocyan drilling rig to undergo routine maintenance at the group's yard in Bahia The Enseada Indústria Naval group signed a contract with Ocyan to receive the Norbe VI drilling rig at its shipyard in Maragojipe, Bahia. The expectation is that the drilling rig will remain in the Paraguaçu Unit to undergo routine maintenance. With... Continue Reading →

Offshore drilling company Seadrill Partners’ second-quarter revenues rose, boosted by a rig litigation win. The driller, operating a fleet of eleven offshore rigs and barges, on Tuesday said its total operating revenue for the quarter was $418.1 million, up from $267.9 million a year ago. The increase was mainly attributable to the outcome of the... Continue Reading →

A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio Felix said on Tuesday. The government in 2010 transferred to state-run oil company Petróleo Brasileiro S.A., known as Petrobras, rights to extract 5 billion barrels of oil and... Continue Reading →

08/21/18 Akastor AS (Akastor) intends to sell 50% of its stake in AKOFS Offshore 1 AS (AKOFS) to Mitsui & Co., LTD. (Mitsui) and Mitsui O.S.K. Lines, Ltd. (MOL). According to the purchase and sale agreement entered into in June of this year, each company will acquire 25% of AKOFS shares, which holds the remaining... Continue Reading →