The ANP announced that oil companies have declared proven reserves (1P) of 12.835 billion barrels in 2017, an increase of 1% compared to 2016 and a net addition of 168.9 million barrels. The highlight was the Santos Basin, which alone added 740 million barrels, an increase of 12%, the highest in absolute terms. Growth in... Continue Reading →

  One year after announcing the suspension of the sale process, Petrobras announced the teasers of the new disinvestment plans of the Baúna fields in Santos and Tartaruga Verde in Campos, which this time will be offered separately, unlike the original offering in 2015. In addition, Petrobras chose to include in the Tartaruga Verde package,... Continue Reading →

Helicopter operator CHC Group has begun operations from its new base at Bartolomeu Lisandro Airport, Campos dos Goytacazes, Brazil. The event was attended by executives from Shell, city hall, local press, and the president of the Industry Federation of the State of Rio de Janeiro (FIRJAN) for the Campos region, Fernando Aguiar. Read more

Rio de Janeiro, April 3, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact of March 31, 2017, reports that Consortium BM-S-11, formed by Petrobras (65%), as operator, in partnership with Shell Brasil Petróleo Ltda. (25%) and Petrogal Brasil (10%), received on March 29, 2018, the decision of the National Agency of... Continue Reading →

Rio de Janeiro, April 3, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 7/6/2015 and 7/17/2015, reports that it has been granted a favorable precautionary decision in the arbitration proceedings established before the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in connection to Parque das Baleias, which... Continue Reading →

Rio de Janeiro, April 03, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on August 28, 2017 and press release disclosed on November 17, 2017, informs the beginning of the binding phase of the processes related to the full sale of its exploration, development and production rights in two sets... Continue Reading →

Rio de Janeiro, April 03, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (“Teaser”) regarding the transfer of Petrobras’ total stake in Baúna field (BM-S-40 Concession), located in Santos Basin, in shallow waters. Petrobras is an operator of the Baúna field, with 100% working interest. The average... Continue Reading →

Brazilian Finance Minister Henrique Meirelles joined the ruling Brazilian Democratic Movement party (MDB) on Tuesday with an eye to running for president or becoming President Michel Temer’s running mate in the October election. Read more