Angry leftist protests outside his businesses will not deter billionaire Flavio Rocha from running in Brazil’s presidential election this year, advocating a crackdown on crime, a much smaller state and conservative family values. Read more

  The Campos Basin, the old lady from where the oil production began in Brazil in the 70's, will undergo a renovation phase that will require new investments in equipment and platforms. According to data from the National Petroleum Agency (ANP), 22 platforms installed in Campos already have more than 25 years of operation and... Continue Reading →

Rio de Janeiro, April 13, 2018 - Petrobras informs that yesterday it signed, through its wholly owned subsidiary Petrobras Global Trading B.V. - PGT, a finance agreement of up to US$ 400 million with Credit Agricole Corporate and Investment Bank (CACIB) with a guarantee from the UK Export Finance (UKEF). The maturity is 2029 and... Continue Reading →

Geoscience company ION has launched an enterprise version of its Marlin software in order to optimize offshore operations and further advance maritime digitization. Marlin is a digital solution that integrates and share information in real time to enhance decision making. Read more

  April 12, 2018 Siemens announced on Thursday that it has entered into a contract with Modec to supply four packages of offshore gas turbines to FPSO Carioca, which will be installed in the Sepia field, Santos Basin. The delivery of the equipment is planned for the end of 2018. Siemens will also provide specialized... Continue Reading →

Royal Dutch Shell Plc released a report on Thursday designed to address such concerns. The company estimates that 80 percent of its proved oil and gas reserves will be produced by the end of 2030. Given that's only 12 years away, the thinking goes, the bulk of the value in Shell's upstream business looks pretty safe even... Continue Reading →

  April 12, 2018 Petrobras announced that it has signed a Memorandum of Understanding with BP to complement and reaffirm the purpose of a letter of intent signed in October last year. The letter was signed by the president of the state company, Pedro Parente, and BP president Robert Dudley in London. "This is a... Continue Reading →

Danish offshore driller Maersk Drilling and vessel provider Maersk Supply Service have established a joint venture company focused on decommissioning market.  The 50:50 JV between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of operations to provide decommissioning services to oil and gas operators, the two companies said on Thursday.... Continue Reading →

Offshore driller Rowan Companies has renamed its latest additions to the rig fleet to honor the legacy of two former employees. Rowan said on Thursday that it renamed its two LeTourneau Super 116E jack-ups, the P-59 and P-60, after late Rowan retirees who significantly contributed to the company’s success. Both rigs were delivered new into service... Continue Reading →

The state-owned company accounted for 75 percent of Brazil's production in February, down from 93 percent in 2010, at the end of the Luiz Inácio Lula da Silva administration. The presence began to fall with the production of the pre-salt, in the government Dilma Rousseff. And it has accelerated since Michel Temer took office in... Continue Reading →