The ANP's resolution to grant incentives to reduce the rate of royalties on incremental production in mature fields will increase the recovery factor and the useful life of these fields, said director of the ANP Dirceu Amorelli, who participated in the event "Rate of Royalties in Mature Fields" in Rio de Janeiro. According to... Continue Reading →

Petroleo Brasileiro SA and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks. Read more  

SAO PAULO (Reuters) - Brazil’s solicitor general’s office and state-led oil firm Petroleo Brasileiro SA said in a joint statement on Tuesday that they were asking the country’s top labor court for an injunction to halt a planned oil workers’ strike. Unions representing oil workers say they will start a 72-hour strike on Wednesday. That... Continue Reading →

05/29/18 The Enseada Indústria Naval asked IBAMA to renew an Installation License (LI) to complete works at the Paraguaçu shipyard, in Maragojipe (BA). Work was halted in 2015 due to the crisis in the shipbuilding and offshore sector, which began with the collapse of Sete Brasil's rig program. The works, which were to be completed... Continue Reading →

Oil workers threaten to down tools as pressure on centre-right Temer government grows Brazil faced a deepening crisis as the nation’s truckers refused to abandon a crippling strike despite a series of concessions from the government and other workers threatened to join the movement.  With the strike entering its second week, truckers on Monday ignored... Continue Reading →

May 28, 2018 The National Energy Policy Council (CNPE) will analyze the proposal from the National Petroleum Agency (ANP) to carry out four auctions, two pre-salt and two concession, in 2020 and 2021. The auctions are part of the agency's bidding calendar, which is undergoing its first update. The proposal of the areas that will... Continue Reading →

May 28 (Reuters) - State controlled-oil giant Petroleo Brasileiro SA’s management on Monday urged its workers not to follow through on a strike planned for later in the week, saying that “paralysis and pressure for adjusting prices” would not be positive for the company or country as a whole. “How can Petrobras and its workers... Continue Reading →

Tuesday, 29 May 2018 Large oil companies are buying in Brazil equipment for projects of weight abroad and in relevant quantities. Among the clients are the Norwegian Equinor (which was called Statoil until last week), the American ExxonMobil and the Italian Eni, just to name a few. Exports come after companies faced a difficult period,... Continue Reading →

Petrobras would like to invite investors and analysts for a conference call/webcast, which will be held tomorrow, in English, with the participation of CEO Pedro Parente, as follows: May 29th, 2018 (Tuesday) 2:00 pm (Brasília) 1:00 pm (New York) 6:00 pm (London)                                  ... Continue Reading →