Rio de Janeiro, June 4, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at an extraordinary meeting held today, appointed the engineer Ivan de Souza Monteiro as a member of Petrobras’ Board of Directors until the following Shareholders' Meeting. The Board also elected Mr. Ivan Monteiro to the position as... Continue Reading →

The new management of Brazilian state-led oil company Petroleo Brasileiro SA, headed by interim Chief Executive Officer Ivan Monteiro, has agreed to discuss ditching daily gasoline price changes, a newspaper reported on Monday. The company has imposed two conditions: that Petrobras’ prices stay in the range of international prices and that the company be protected... Continue Reading →

JUNE 5, 2018 SAO PAULO, June 5 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has concluded the buyback of $4 billion of bonds, the company said in a securities filing on Tuesday, after reaching the program’s stipulated limit. In May, Petrobras, as the company is known, announced plans to buy back up to... Continue Reading →

Many of you, if at all interested in offshore drilling – reading this on Offshore Energy Today means that you are – have probably heard the name David Carter Shinn. David, a partner in Oslo-based Bassoe Offshore, is the author of multiple articles in which he explores and explains ins and outs of the offshore drilling... Continue Reading →

June 04, 2018 The pre-salt production in April totaled 1,785 million boe/d , surpassing the 1,763 million boe/d produced in February. There was an increase of 2.3% in relation to the previous month. A total of 1.423 million barrels of oil per day and 58 million cubic meters of natural gas per day were produced... Continue Reading →

June 5, 2018 The 4th Round of the pre-salt this Thursday could guarantee a bonus of R $ 3.2 billion to the Union. In all, 16 companies will compete for the four exploration blocks, located in the Santos and Campos basins, a record number of registrations for a bidding round under the sharing regime. According... Continue Reading →

The Atlântico Sul Shipyard (EAS), controlled by Camargo Corrêa and Queiroz Galvão, seeks alternatives to strengthen its capital structure and ensure its survival. Valor has learned that the Apollo fund, a partner in the Starboard business restructuring consultancy, is considering bidding for EAS and may even take control of the shipyard. The shipping company Satco is another... Continue Reading →

June 4, 2018 - Petrobras informs that it signed, on 06/01/2018, with Banco Bradesco, a committed credit facility in the amount of R $ 2 billion, maturing in June 2023. The new line of credit will cost 0.40% pa. by maintaining the limit with Banco Bradesco, creating an additional source of liquidity for the company... Continue Reading →

Petrobras’ board said it had named Monteiro as interim CEO at a rapidly organized meeting on Friday, and Temer recommended him to take on the job on a longer-term basis later in the day. However, with elections looming, Monteiro’s tenure is likely to end in December when the president leaves office. Shares in Petrobras, Latin... Continue Reading →