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 →

The oil, natural gas and biofuels areas already have investments guaranteed around R $ 800 billion by the end of the next decade with projects announced or contracted by the government since May 2016. In a positive tone, on the eve of a change in the team that will be triggered by Minister Fernando Coelho... Continue Reading →

March 20, 2018 The Ministry of Transparency and Comptroller General of the Union (CGU) said on Tuesday (20/3) the company Sanko Sider is ineligible to contract with the public administration. The decision is the eighth penalty applied to the companies investigated in Operation Lava Jato. The punishment prevents for at least two years participation in... Continue Reading →

The Brazilian central bank is likely to cut interest rates once again to a new low on Wednesday as stubbornly muted inflation derailed its plans to halt monetary easing. Read more

British oil major BP has appointed the first woman chairman and president of BP America Inc., BP’s chief representative in the United States. BP said on Tuesday that Susan Dio would take the positions of BP America’s chairman and president on May 1, 2018. Read more

March 21, 2018 By Edmar de Almeida In March Petrobras announced the financial result for the year 2017. The company reported a loss of R$ 446 million. Although small compared to the losses of previous years, this new loss is discouraging. This is the company's fourth year of losses. The accumulated losses in the last... Continue Reading →

Rio de Janeiro, March 20, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in February was 2.69 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 99 thousand boed produced abroad. Total production operated by the company (portions of Petrobras... Continue Reading →