Rio de Janeiro, May 17, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that the revision process of the Transfer of Rights Agreement continues to be negotiated between the company and representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance and Ministry of Planning, Development and Management). The Interministerial Commission, constituted... Continue Reading →
Rockhopper, Premier working on Sea Lion funding ahead of FID
London-listed Rockhopper Exploration has marked the year 2018 potentially transformational, as it works to secure funds and press ahead with the $1.5 billion Sea development in the Falkland Islands. Rockhopper is a partner in the 520 mmbbls project with a 40% working interest. The Sea Lion project, located in the North Falkland basin, is operated by Premier with... Continue Reading →
Oil hits $80, highest since Nov 2014, on Iran concerns
Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening market. Read more
Pemex looking for rig to test Talos’ Zama discovery, Premier Oil says
Mexican oil company Pemex is on the lookout for a drilling rig which it will use to test the size of the Zama discovery made by the U.S. operator Talos offshore Mexico in July 2017. While Pemex does not hold a stake in the offshore Block 7, where the giant Zama discovery was made the... Continue Reading →
DISPUTE FOR THE BÚZIOS V FPSO CONTRACT PROMISES TO BE FIERCE
May, 2018 After successive and several delays by Petrobrás to receive the tender proposals for the charter of the FPSO of Búzios V, finally the state-owned company took new steps in the process. In the market, the comment is that big players from abroad have entered the bidding, which is promising to be quite... Continue Reading →
Maersk confident of selling Maersk Drilling, Maersk Supply by 2018 end. Finds optimism in rising oil price
Danish maritime industry giant A.P. Moller Maersk is still aiming to sell its offshore drilling and offshore supply vessel businesses by the end of 2018, despite recent reports claiming the drilling business sale might spill over into 2019. The company in 2016 split its business into one focused on shipping and logistics, and the other... Continue Reading →
Brazil Holds Key Rate, Ending Its Easing Cycle
An emerging market rout has forced Brazil’s central bank to renege on its own guidance by cutting short its most aggressive easing cycle in a decade in a surprise decision. Policy makers led by Ilan Goldfajn on Wednesday left the benchmark Selic rate unchanged at 6.50 percent, a move forecast by only two of 39... Continue Reading →
CGG returns to profit after restructuring
French geophysical player CGG returned to quarterly profit, following successful completion of financial restructuring during the first quarter of 2018. For the first quarter of 2018 CGG posted a profit of $646.6 million compared to a loss of $145.1 million in the same period of 2017. CGG’s revenues for the first quarter of 2018 dropped... Continue Reading →
Paving the way forward | Pedro Parente | Itau BBA’s 13th Annual Latam CEO Conference | Nova York
Attached please find presentation Pedro Parente-Itau BBA's 13th Annual-Ingles
Petrobras Oil and natural gas production in April
Rio de Janeiro, May 16, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 95 thousand boed produced abroad. Total production operated by... Continue Reading →
Brazil Energy Insight 