April 17, 2018 Petrobras production is expected to reach 2.7 million barrels by 2021, when the Roncador field will account for 8.3% of that volume, followed by Búzios III and Búzios I, with 5.9% and 5% , respectively. The data are part of a survey presented by the company GlobalData. The average production of... Continue Reading →

The Petrobras-government tussle A deal between the state-run firm and the Brazilian government could lead to a mega bidding round Brazil has billions of barrels of oil it has to figure out what to do with. The government and state-owned Petrobras are locked in negotiations over the fate of as much as 15bn barrels of... Continue Reading →

Rio de Janeiro, April 18, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that today it will file its 2017 Form 20-F with the U.S. Securities and Exchange Commission (SEC), for the year ended December 31, 2017. Form 20-F is SEC requirement and must be filed annually by foreign issuers with shares traded on US... Continue Reading →

SAO PAULO (Reuters) - Shares of BRF SA jumped almost 10 percent after a media outlet said on Wednesday the Brazilian food company’s next chairman could be Pedro Parente, chief executive of state-run oil company Petroleo Brasileiro SA. The online edition of newspaper Valor Econômico reported that major BRF shareholders have a consensus that he... Continue Reading →

  On 29 March, Petrobras applied to Ibama for the operation of the Lula Norte - Franco Noroeste gas pipeline for the production and disposal of natural gas from the Santos Basin pre-salt. The gas pipeline has the capacity to flow up to 17,800,000 m³ / day of gas. The line runs between 2,190 m... Continue Reading →

Statoil postponed the delivery of proposals for the chartering of vessels to support mooring operations (AHTS). With a duration of three years (plus two one-year renewal options), the contracts aim to attend activities in the Peregrino field, in the Campos Basin. Companies will be able to bid for up to two boats. Currently, the marine... Continue Reading →

France’s oil major is stepping up its power business, replicating the strategy of European peers as the global shift toward cleaner energy gathers pace.  Total SA agreed to buy Paris-based utility Direct Energie, adding 2.6 million electricity and gas customers in France and Belgium. The deal puts Total in a stronger position to lure households away from... Continue Reading →

As the clock ticks on McDermott and CB&I merger, another firm has decided to weigh in on the proposed plan, claiming that the industrial logic of the deal is solid. The two companies have already received all necessary regulatory approvals for the merger which was proposed last December and the merger is on track to close in... Continue Reading →

  Deep Sea Supply Shipowning 1 AS, a subsidiary of Solstad Farstad, delivered three ships to the Brazilian Navy. The three AHTS, built in 2011, are Sea Fox, Sea Vixen and Sea Stoat with 6,800 BHP and were purchased for $ 82.8 million. Solstad Farstad, Deep Sea Supply Shipowning AS, also sold the AHTS Sea... Continue Reading →

  The ANP has extended contracts for eleven blocks of the 12th Round and five of the Eleventh Round for two years in the Recôncavo, Parnaíba and Sergipe-Alagoas basins. The areas are operated by Petrobras (REC-T-52, REC-T-80, REC-T-50, REC-T-51, REC-T-60, REC-T-32, REC-T-61, GALP (PN-T-182 and PN-T-136) and Geopark (REC-T-40, SEAL-T-420, PN-T-150 and PN-T-166) -94 and... Continue Reading →