Rio de Janeiro, July 06, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that yesterday its Executive Board approved the execution of a Term Sheet with Odebrecht S.A., providing for a set of integrity obligations for Odebrecht group companies to enable the removal of the provisional ban imposed by Petrobras since December 29, 2014, to... Continue Reading →
Landmark Mexico Oil Reform Is Set to Stay: AMLO’s Chief of Staff
Rest assured, President-elect Andres Manuel Lopez Obrador won’t use his congressional muscle to overhaul Mexico’s landmark oil reform that allowed foreign companies back into the industry, the head of his transition team said. Lopez Obrador, known as AMLO, will review private oil contracts for graft, but if something untoward is found there will be talks... Continue Reading →
SBM Offshore says Rio court orders Petrobras to withhold payments
Dutch marine engineering group SBM Offshore said on Thursday a Brazilian court had ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case. Read more
Petrobras and CNPCI sign Heads of Agreement to promote investments in Comperj Refinery and Marlim Cluster
Rio de Janeiro, July 4, 2018 - Petrobras and China National Petroleum Corporation International (CNPCI), a wholly-owned subsidiary of CNPC, inform that today they signed a Heads of Agreement (“HoA”), advancing in the negotiations on a Strategic Partnership, as disclosed to the market on July 4, 2017. The HoA defines the assets that are part... Continue Reading →
Shell seismic license for the Santos Basin pre-salt
July 3, 2018 Shell began licensing a campaign to acquire seismic data in the exploratory blocks area BM-S-54, which is the discovery of Gato do Mato, and the South of Gato do Mato, an area sold to the Shell consortium and Total in the 2nd pre-salt auction held in October last year. The oil... Continue Reading →
PETRORECONCAVO TO DRILL TEN NEW WELLS IN 2018
07/04/18 PetroRecôncavo plans to drill 10 wells this year. the company completed the drilling of the sixth of them this week, at the Cassarongongo field, one of the 12 that it operates for Petrobras through production contracts in the Recôncavo Basin. Discovered in 1959 in Bahia, Cassarongongo produced 1,798 bopd and 4,445 m3 / day... Continue Reading →
Brazil – 57 blocks have exploratory periods expiring in 2019
07/04/18 Brasil Energia Petroleum reported last week that Eneva plans to start drilling in its blocks of the 13th ANP Round in 2019. The company is one of the 19 asset operators with the first exploratory period to expire next year, according to data from the regulatory agency. In all, 57 blocks of rounds 11,... Continue Reading →
Petrobras will resume Comperj with China’s CNPC/Participation in Marlim Complex
July 4, 2018 Petrobras announced that it has signed a letter of intent with the China National Petroleum Corporation (CNPC) to evaluate the completion of the Comperj refinery in Itaboraí, Rio de Janeiro, and a participation of the Chinese in the project of the complex of Marlim, which covers the fields of Marlim, Voador,... Continue Reading →
Shell has 65% local content in top 20 contracts in Brazil
4 Jul 2018 Oil companies operating in Brazil begin to show data on purchases of domestic equipment and services as a demonstration that the local content rule has not lost its importance. After Equinor (formerly Statoil), Shell said yesterday that it bought R $ 700 million annually, on average, in the company's 20 largest... Continue Reading →
Equinor buys Barra’s Carcara stake for $370 million
Norway’s Equinor will buy Barra Energia’s ten percent interest in the BM-S-8 license in Santos basin, offshore Brazil. Equinor on Wednesday said the acquisition would enable “Equinor and its partners to fully align interests across the two licenses for the Carcará area.” In early June Equinor, ExxonMobil and Galp completed transactions in BM-S-8 to start... Continue Reading →
