07/30/18 Expectation is that the first platform for Mero will have similar volume of works executed in the country The FPSO Carioca, destined for the Sepia field, should have only two modules manufactured and integrated in Brazil: the vapor recovery skids and the flare system. In the Brasfels package, which will carry out work in... Continue Reading →

Rio de Janeiro, July 30, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on 09/22/2017 and 03/02/2018, informs the beginning of the binding phase related to the full sale of its exploration, development and production rights in onshore fields of SergipeTerra 2 Cluster, located in Sergipe state. At this stage... Continue Reading →

Houston-based offshore driller Diamond Offshore recorded a loss in the second quarter amid impairment charges and lower revenues.  The driller on Monday posted a net loss $69.27 for the second quarter of this year compared to a profit of $15.95 million in the same period last year. This includes rig impairment charges totaling $27.2 million... Continue Reading →

RIO DE JANEIRO (Reuters) - A Brazilian judge on Friday temporarily suspended an order requiring Petroleo Brasileiro to pay up to 17 billion reais ($4.58 billion) in a wage spat, accepting an argument by the state-controlled oil company that such a payment would risk causing it “irreparable damage.” The injunction suspends a ruling last month... Continue Reading →

July 27, 2018 The ANP received 85 requests from 17 companies for additions to the local content clauses for contracts signed in seven rounds of exploratory areas and two auctions for areas with marginal accumulations. There are 68 requests for projects onshore and 17 offshore, especially the Libra project, which has already had partial waiver... Continue Reading →

Chevron on Friday reported earnings of $3.4 billion for second quarter 2018, compared with $1.5 billion in the second quarter of 2017. Included in the current quarter was a receivable write-down of $270 million charged to operating expense. Foreign currency effects increased earnings in the 2018 second quarter by $265 million, compared with an increase... Continue Reading →

The Italian company on Friday posted a net profit of 1.25 billion euros for the second quarter of 2018 compared to a profit of €18 million in the same period last year. Eni’s adjusted operating profit in the quarter was €2.56 billion, up by 152% when compared to the last year’s performance and adjusted operating profit... Continue Reading →