Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2018, including net income of $46 million, or $0.26 per diluted share. Financial highlights for the second quarter include: Generated adjusted income of $63 million, or $0.36 per diluted share Achieved annualized year-to-date EBITDA to average... Continue Reading →

Rio de Janeiro, August 7, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the material facts disclosed on 5/28/18, 6/1/18 and 6/8/2018, informs that its Board of Directors, after deliberation of the Executive Board and following internal governance for approval, approved in a meeting held yesterday the company’s adhesion to the 3rd phase of... Continue Reading →

07/08/18 Equipment promises greater flexibility and availability than current models By the Editor Petrobras has developed, in partnership with the French company Eca Hytec, a compact prototype ROV (remote operated vehicle) that promises greater flexibility, reaching more complex places and able to work in severe sea conditions. The equipment will be presented to the market... Continue Reading →

Aug, 6, 2018 The Shipbuilding Industry is in search of new opportunities due to the crisis that the sector is living in the Country. The Shipyards, at the moment, are idle because of the absence of demands of shipbuilding. The opportunity for decommissioning of oil and natural gas platforms appears as the great alternative, since... Continue Reading →

Petrobras completed the drilling of a well in Sururu field in July and discovered the largest oil column ever found in the Santos Basin pre-salt. According to the director of exploration and production of the company, Solange Guedes, during the drilling was identified an oil column of 530 meters. For comparison purposes, the average of... Continue Reading →

  08/03/2018. The 42.7% import growth in July was boosted by the nationalization of oil rigs after the government announced changes to the industry's tax rules. In July, there was a change in Repetro that allows a tax benefit for assets used in oil exploration held in Brazil. Until then, the benefits were only granted... Continue Reading →

Rio de Janeiro, August 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has executed debt pre-payments totaling US$ 975 million, according to the table below. Bank Date of Advance Payment Value of Advance Payment (US$ million) Original Maturity Bank of America 7/25/2018 325 2022 Safra 7/31/2018 150 2022 MUFG 8/3/2018 500 2022... Continue Reading →

Petrobras’ profit reached 10.07 billion reais ($2.7 billion) during a quarter when Brazil endured a ten-day trucker strike that prompted a change in the company’s leadership, and as presidential candidates attacked rising fuel prices ahead of elections in October. While earnings topped analysts’ estimates, the focus now is how the new management performs amid confusion about the... Continue Reading →