The French oil company Total reported last Friday that no organic structure was identified in the FZA-M-57 block, in the Foz do Amazonas Basin. On April 19, MPF asked Ibama to deny the environmental license for Total blocks in the region after a coral structure was discovered in the region by Greenpeace. Total claims that... Continue Reading →
Petrobras and Engie to enter exclusive talks for Brazil pipeline: sources
Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks with France’s Engie SA for the sale of Petrobras’ gas pipeline network Transportadora Associada de Gás, five people with knowledge of the matter said on Thursday. Read more
IEA: Offshore energy to keep growing. Will need trillions in investments
Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. Read more
Baker Hughes sees uptick in monthly international offshore rig count
The international offshore rig count was up by 6 rigs sequentially but down by 7 year-over-year, according to April 2018 rig count reports released by Baker Hughes, a GE company, on Monday. Read more
Clarification on News: Corporate Restructuring of Braskem S.A.
Rio de Janeiro, May 4, 2018 – Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media regarding alleged hiring of banks to carry out an offering of Braskem shares, clarifies that such information is not true. Petrobras reaffirms the information, contained in the press release disclosed on January 19, 2018,... Continue Reading →
Sale of Pasadena Refinery: Start of the binding phase
Rio de Janeiro, May 4, 2018 – Petróleo Brasileiro S.A. - Petrobras, further to the press release disclosed on 03/08/2018, announces the beginning of the binding phase related to the sale of the shares held by its subsidiary Petrobras America Inc (PAI) in the companies that integrate the Pasadena refining system, in the United States.... Continue Reading →
CNPE approves 5th pre-salt auction
May 4, 2018 The National Energy Policy Council (CNPE) approved this Friday the 5th pre-salt auction to be held on October 28. The auction still needs the sanction of President Michel Temer and should offer the areas of Saturn, Titan, Pau-Brasil and Southwest of Tartaruga Verde, located in the Campos and Santos basins, within... Continue Reading →
Man Who Ran Venezuelan Oil Giant for Decade Predicts Fast Demise
Rafael Ramirez, the once all-powerful Venezuelan oil czar, says the state producer he ran for almost 10 years is on the brink of collapse. He blames it on a power grab by the government that’s after him. Read more
Cost reductions lift Prosafe 1Q numbers. Flotel demand to pick up from 2019
“It is anticipated that these two markets will be key in the longer term with opportunities expected to arise first in Brazil. While proactively evaluating different market requirements, Prosafe continues its efforts on cost efficiencies and business improvement so as to ensure the company is well placed before the market upturn. Indications remain that the... Continue Reading →
Sevan Drilling off the hook in Petrobras bribery probe
Noway’s anti-corruption agency Økokrim has closed an investigation into Sevan Drilling over the company’s drilling contracts won with Petrobras between 2005 and 2008. To remind, the investigation started in 2015, when Sevan Marine, then parent company of Sevan Drilling, in 2015 said that some of its former employees might have been involved in a bribery case... Continue Reading →
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