Rio de Janeiro, July 25, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Administrative Board of Tax Appeals (CARF) issued today a partially favorable decision in a fiscal administrative proceeding related to taxable income (IRPJ and CSLL) of the 2011 fiscal year in relation to the income from foreign subsidiaries located outside... Continue Reading →

Rio de Janeiro, July 25, 2018 – Petróleo Brasileiro S.A. – Petrobras in relation to the news published in the media about the shallow water disinvestment project in the Enchova and Pampo Clusters, located in Rio de Janeiro state, clarifies that this is a competitive process that follows the company’s Disinvestment Methodology, in line with... Continue Reading →

Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks to sell two shallow water mature oilfields to a group backed by EIG Global Energy Partners, two people familiar with the matter said. Brazilian energy firm Ouro Preto Óleo e Gás, backed by EIG, made the top bid for the so-called Pampo... Continue Reading →

7/25/18 Lack of interest from partners in making new investments motivated decision Chevron has shelved the project for the redevelopment of the Frade field in the Campos Basin. The venture was scheduled for 2019, but was canceled, for now, due to the lack of interest of partners to make new investments. The plans originally foresaw... Continue Reading →

7/25/18 Two other oil companies - Sweden's Maha Energy and Britain's Chariot Oil & Gas - have filed applications with the National Petroleum, Natural Gas and Biofuels Agency (ANP) to adhere to new rules that make the local content policy more flexible. In April, ANP published a resolution regulating the waiver (request for exemption from... Continue Reading →

7/24/18 Company signs contract with Modec to supply equipment to Petrobras platform   BHGE has entered into a contract with Modec to supply the Mero 1 FPSO gas turbines, which will be installed in the pre-salt field of the Santos Basin. This is the second newbuild by Petrobras in which the company is present. In... Continue Reading →

Halliburton Company (NYSE:HAL) announced today income from continuing operations of $511 million, or $0.58 per diluted share, for the second quarter of 2018. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter... Continue Reading →

The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions. This marks a shift over the past decade for an industry that once focused predominantly on crude oil, with gas in... Continue Reading →