03/23/2017 The director of the National Petroleum Agency (ANP), Décio Oddone, believes that government revenue from this year's auctions may exceed the initial forecast of R $ 3.5 billion. The calculation takes into account the signing bonus payment estimates for the assets of the 15th round of exploratory block concessions next week and the 4th... Continue Reading →

Mexico’s National Hydrocarbons Commission has revealed a list of the approved bidders for the next week’s oil and gas acreage bidding round. Read more

22 Mar (Reuters) – ExxonMobil is rumored to be negotiating  a thermoelectric plant, in Rio Grande do Sul, originally contracted by the Bolognesi Group, whose concession was canceled in October, according to Valor newspaper. According to the report, representatives of the company met at the beginning of the month with the National Energy Agency (Aneel)... Continue Reading →

Settlement of the Second Installment of the Sale of Exploratory Block BM-S-8 03/21/2018 Rio de Janeiro, March 21, 2018 - Petróleo Brasileiro S.A. - Petrobras informs that it has received today the second installment, in the amount of US$ 300 million, related to the sale of its stake in the exploratory block BM-S-8 to Statoil... Continue Reading →

Brazil’s central bank cut interest rates to an all-time low on Wednesday and unexpectedly signaled it is likely to pursue another reduction at its May meeting as inflation continues to underwhelm. The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 25 basis points to 6.50 percent, capping a 775-basis-point... Continue Reading →

PetroChina Co., the country’s biggest oil and gas company, once again rewarded shareholders by paying out its entire net income as dividends. After a surprise payout from its half-year results in August, the Beijing-based company said Thursday it will send investors dividends that amount to slightly more than its 22.8 billion yuan ($3.6 billion) in 2017 net income. Read... Continue Reading →

03/22/2018 In an extraordinary meeting held Wednesday , the CNPE validates the autonomy of  ANP to regulate the case and begins countdown to the resolution of the national content The waiver issue will ultimately be regulated by mid-April. Following the proposal recommended by Pedefor, (Program to Encourage the Competitiveness of the Production Chain, Development and... Continue Reading →

Shell expects to begin drilling the Gato do Mato area early next year. The company has already filed an environmental licensing process to drill, which is in a more advanced stage of development compared to other company assets, company president André Araújo said. While awaiting the issuance of the license, the company is in negotiations... Continue Reading →

Petrobras postponed for the sixth time in a row the bidding deadline for chartering the Búzios V FPSO, a unit scheduled to be on assignment in 2021. With the extension, the new deadline was re-scheduled for April 13. The postponement, according to sources, was motivated not only by the request of some participating companies but... Continue Reading →