6/28/18 C.S.E. Mecânica e Instrumentação was the winner of the Petrobras 2017 Best Suppliers Award. The company of the group Aker Solutions was awarded in the offshore maintenance categories, along with Imetame Metalmecânica, for onshore maintenance. In addition, it was the winner in Safety, Environment and Health (SMS) in these same areas. In all, 17... Continue Reading →

6/28/18 The ANP wants to make feasible a new financing alternative for operators of onshore fields in production. The agency is expected to insert in a resolution on contract assignment rules, which will enter into public consultation between the end of July and the beginning of August, that will allow operators giving the reserves as... Continue Reading →

June 28, 2018 The National Petroleum Agency (ANP) announced the draft contract of the 5th pre-salt auction , which will presented for public consultation until July 11. The agency will hold next Wednesday the hearing to discuss the contributions received to the public notice and draft agreement. The auction is scheduled for September 28 in... Continue Reading →

A Brazilian government plan to sell billions of dollars in national energy assets to reduce the country’s deficit has hit a roadblock. On Tuesday, Congress’ lower house postponed until July 3 a vote to fast-track a bill that could help attract investors to power distributors that provide lighting for 13 million Brazilians. It also delayed... Continue Reading →

The Panama Canal Authority will ramp up the movement of massive liquefied natural gas tankers through the waterway starting in October, as U.S. exports of the fuel are set to expand. Under the new rules, the ships can traverse the canal at night, and two at a time can be on Gatun Lake, the man-made... Continue Reading →

Brazil’s Petrobras has said that a court in the U.S. has approved its previously agreed $2.95 B settlement of a class action brought by investors against the company related to corruption. Petrobras said the Federal District in Court in New York approved the settlement on Friday, June 22, 2018, as final. Read more

Champions Germany crashed out of the World Cup after suffering a stunning 2-0 defeat by a tenacious South Korea on Wednesday that eliminated them in the opening round for the first time in 80 years.  Read more

Rio de Janeiro, June 27, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on 10/26/2017, informs that its Board of Directors, in a meeting held yesterday, approved the Sale and Purchase Agreement (SPA) for the full sale of Petrobras’ stake in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras... Continue Reading →

The separation from Baker Hughes will take place over the next 2 to 3 years as part of GE’s effort to “make its corporate structure leaner and substantially reduce debt,” the company said in a statement. GE Oil and Gas merged with Baker Hughes in July 2017, with GE holding a 62.5% stake. BHGE’s revenue... Continue Reading →