Restriction on the use in the transitional stage Regulatory Instruction RFB 1,802 / 2018 published on 03/28/2018, which brought new amendments to Normative Instruction 1,415 / 2013, in order to restrict the scope of application of the "old REPETRO" to new imports during the transition period established for the year 2018. Annex I of IN... Continue Reading →
Petrobras – Result of the 15th Round of ANP Bidding
Rio de Janeiro, March 29, 2018 - Petróleo Brasileiro S.A. – Petrobras reports that it has acquired 7 offshore blocks in the 15th Round of Bids under the Concession Regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company is advancing its partnership strategy and will be the operator... Continue Reading →
Petrobras – Clarification on oil refining partnerships
Rio de Janeiro, April 2, 2018 - Petróleo Brasileiro S.A. - Petrobras clarifies, in relation to the news published by the Brazilian newspaper “Folha de São Paulo”, on March 31, 2018, entitled “Petrobras avalia venda de 25% do refino” (Petrobras evaluates the sale of 25% of refining), that there is no decision on the model... Continue Reading →
QGEP: Atlanta field ready to start producing
Brazilian oil company QGEP has informed that first oil from its Atlanta field offshore is imminent, as the Petrojarl I FPSO has been connected to the field. “The activities of interconnecting the production and control lines between the wells and the FPSO have been completed at the Atlanta Field and the company confirms first oil for April, 2018,”... Continue Reading →
Shell, Statoil strengthen foothold in Brazil with four blocks each
European oil giants Statoil and Shell won four offshore blocks each in Brazil’s deep-water bid round held on Thursday. The round was historic in that it attracted the largest total signing bonus in Brazil’s history, R$8 billion – or 2.4 billion in U.S. dollars. Shell’s Brazilian subsidiary, Shell Brasil Petroleo, won four deep-water exploration blocks in the Campos... Continue Reading →
ANP’s oil and gas auction raises $ 8 billion in bonuses and hits new record
Last record in the concession rounds had been $ 3.8 billion. The National Petroleum, Natural Gas and Biofuels Agency ( ANP ) has so far raised R $ 8 billion in bonds with the auction of 22 oil and gas exploration blocks on Monday (29), and hit a new record in the rounds concessions (see below for... Continue Reading →
Exxon leads oil majors in aggressive offshore Brazil bids
Exxon Mobil Corp roared into Brazil’s prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country’s choice reserves ahead of presidential elections later this year. Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block... Continue Reading →
Petrobras signs contract for construction of Natural Gas Processing Unit in Itaboraí
Rio de Janeiro, March 29, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it has signed yesterday, with the Specific Purpose Entity (SPE) formed by the Chinese company Shandong Kerui Petroleum and the Brazilian company Método Potencial, a contract in the approximate value of R$ 1.95 billion for the construction of the Natural Gas... Continue Reading →
Petrobras announces early tender results and early settlement for cash tender offers
RIO DE JANEIRO, BRAZIL – MARCH 28, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$7,639,381,000 and €365,771,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Notes” and each a “series” of Notes), issued by its wholly-owned subsidiary... Continue Reading →
Murphy Oil is here `to stay ‘and looks at Petrobras assets
Six months after landing in Brazil along with giant ExxonMobil, American Murphy Oil is in search of more assets in the country. Company wants a field to call its own, assuming as operator, and preferably already in production. Murphy Oil is among those inscribed in ANP's 15th round of oil on Thursday, and is also... Continue Reading →
Brazil Energy Insight 