08/03/18 As in Mero, Petrobras will use rigid and flexible pipelines in the submarine interconnection of the Sepia field After an era of flexible risers, the hybrid submarine configuration is becoming Petrobras' preferred option for its new pre-salt projects. As in Mero 1, the state-owned company will use the steel lazy wave riser (SLWR) system,... Continue Reading →

08/03/18 Portuguese oil explorer Galp is expected to invest about € 1 billion in Brazil by 2020 after confirming the purchase of 3% in the Caracará block in the Santos basin. According to José Mauro de Moraes, Coordinator of Petroleum Studies at the Institute of Applied Economic Research (Ipea), the sum shows foreign confidence in... Continue Reading →

  03/08/2018 Brazil's oil and gas production was approximately 3.313 million barrels of oil equivalent per day (boe / d) in June. 2.590 million barrels of oil per day (bbl / d) were produced, a decrease of 0.7% compared to the previous month and of 3.2% compared to June 2017. Natural gas production totaled 115... Continue Reading →

  Massachusetts electricity users will save about $1.4 billion over 20 years from the first commercial-scale offshore wind farm in the U.S. Avangrid Inc. and Copenhagen Infrastructure Partners, joint developers of the 800-megawatt project south of Martha’s Vineyard, expect to provide power and renewable energy credits for 6.5 cents a kilowatt-hour according to a letter Wednesday from... Continue Reading →

The proposal to regulate the local content bonus mechanism established by the Pedefor decree (8,637 / 2016), which will go for  public consultation to receive contributions from industry, provides for the granting of bonuses in the form of local content units (UCL) , expressed in reais, in the amount of up to R$ 5.5 billion... Continue Reading →

August 03, 2018 – Consolidated interim financial information audited by independent auditors in accordance with international accounting standards (IFRS). Net Income R$ 17,033 million Production 2,669 thousand boed Adjusted EBITDA R$ 55,835 million Key Highlights Result Petrobras reported a net income of R$ 17,033 million in 1H-2018, with growth of 257% and the best semi-annual... Continue Reading →

Rio de Janeiro, August 03, 2018 – Petróleo Brasileiro S.A – Petrobras reports that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest on Capital (IOC), as defined in art. 9, sole paragraph of its bylaws and in article 9 of Law 9.249/95. The value... Continue Reading →

A U.S. unit of Brazilian state-run company Petrobras agreed to pay $3.5 million to settle a lawsuit over alleged toxic emissions from its Pasadena, Texas, oil refinery, two environmental groups said. Read more

02/08/18 ANP reviewing 14 other concession renewal processes, five for offshore fields The ANP board approved at the meeting on July 12 the renewal of the Petrobras concession contract for the Marlim Sul field, in the Campos Basin, until 2052. Along with the extension, a review of the field development project , with a series... Continue Reading →