Offshore drilling contractor Diamond Offshore in cooperation with Data Gumbo has launched what it says the first application of blockchain technology in the offshore drilling industry. The driller, which owns a fleet of 17 offshore drilling rigs, said on Monday that its services, named Blockchain Drilling, “drives efficiencies and enables oil and gas operators to... Continue Reading →

Port project licensing opens roads for consolidation of roads and logistics complex   A new oil route, which accompanies the development of the national offshore market, begins to consolidate in Macaé, through  projects that aim to reinforce the importance of the municipality within the scenario of oil and gas activities, not only in the post... Continue Reading →

Rio de Janeiro, June 25, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that last Friday, 06/22/2018, it started production of Tartaruga Verde field, in deep waters of Campos Basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de... Continue Reading →

Rio de Janeiro, June 25, 2018 - Petróleo Brasileiro S.A. - Petrobras, following up on the disclosure made on March 1, 2018, informs that the agreement to settle the Class Action in the United States was approved this past Friday, June 22, 2018, as final, by the Federal District Court in New York. The decision... Continue Reading →

  Big Oil’s fortunes are becoming tied more closely to natural gas than ever before. Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil Corp.’s lead as the world’s most valuable oil company. Meanwhile Chevron Corp. added two giant Australian liquefied natural gas projects and... Continue Reading →

6/21/18 - The Canada Pension Plan Investment Board (CPPIB) plans to raise Brazil's share of its investment portfolio in coming years, Canadian pension fund executives said on Wednesday. CPPIB currently invests 12.3 billion Canadian dollars throughout Latin America, of which about 4 billion in Brazil, where it focuses its activities in the real estate segment... Continue Reading →

Rio de Janeiro, June 21, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that the Full Court of the Superior Labor Court (TST) has issued unfavorable decision with 13 votes against and 12 votes in favor of the Company in a trial held today on labor suits, the purpose of which is to review the... Continue Reading →

Refineries owned by Brazil’s Petroleo Brasileiro SA kicked up fuel production to between 83 and 85 percent capacity in April and May, from 67 percent at the end of last year, a source at the state-controlled oil company told Reuters on Tuesday. Read more