Rio de Janeiro, June 8, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the material facts disclosed on 5/28/18 and 6/1/18, informs that its Board of Directors approved, in an extraordinary meeting held yesterday, the company’s adhesion to the 2nd phase of the of economic subvention program for the commercialization of diesel, established by... Continue Reading →

Rio de Janeiro, June 7, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on December 14, 2017, informs that it acquired, in partnership with other companies, three offshore blocks in the 4th Bidding Round under the Production Sharing Regime, held today by the National Petroleum Agency (ANP), as the operator... Continue Reading →

June 08, 2018 Despite the traditional volatility of the oil and gas sector, in addition to domestic market turbulence, the national oil industry has confirmed the recovery path ahead of the result of the pre-salt auction held last Thursday, in which three blocks were sold for R $ 3.15 billion to large companies. "These auctions... Continue Reading →

Offshore driller Seadrill Limited expects to emerge from the Chapter 11 process in the first half of July 2018.  The U.S. Bankruptcy Court for the Southern District of Texas overseeing the Seadrill’s chapter 11 cases entered an order confirming the driller’s plan of reorganization in April. Read more

  June 7, 2018 The 4th. round in the sharing regime held today by the ANP was a success, a great success. Even though it did not attract interest in one of the four blocks, the awarding of three blocks to three different consortia of six different major oil companies should be considered as a... Continue Reading →

Norway’s Equinor ASA led oil majors grabbing pre-salt blocks in Brazil on Thursday, snapping up stakes in some of the world’s most alluring offshore geology despite fresh concerns about political meddling in the country’s energy sector. A consortium of Equinor, Exxon Mobil Corp and Petroleos de Portugal made Thursday’s most aggressive play, offering more than... Continue Reading →

06/07/18 Onshore drilling, completion and intervention activities in Brazil are expected to grow between 20% and 30% in the coming years, according to Schlumberger estimates. The increase is mainly associated with opportunities generated by the divestments of Petrobras' onshore assets, which cover more than 8,000 wells in the Northeast. "We expect a significant increase in... Continue Reading →

Rio de Janeiro, June 06, 2018 - Petróleo Brasileiro S.A. – Petrobras, in addition to the press release disclosed on 06/05/2018, announces that it has concluded today the financial settlement of its previously announced debt tender offers made through its wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF"). The payment to investors, who had their securities... Continue Reading →

1st Block - Uirapuru – 4 bidders Winner – Petrobras (30%), Exxon (28%), Statoil (28%)and PetroGalp (14%) Bonus – R$ 2.650 billion, Projected Investment- R$ 2.450 billion   2nd Block – Dois Irmaos – 1 bidder Winner – Petrobras (45%), BP (30%), Statoil (25%) Bonus – R$ 400 million   3rd Block – Tres Marias... Continue Reading →