Rio de Janeiro, February 26th, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction 358 of January 3, 2002 and Circular Letter CVM/SEP/No001/2017, informs that it was notified by the National Bank for Economic and Social Development (“BNDES”) and BNDES Participações SA ("BNDESPAR"), a wholly-owned subsidiary of BNDES, that... Continue Reading →

Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing. That’s the message from Francisco Blanch, Bank of America’s head of commodities and derivative research. Electric vehicles won’t start biting into oil demand until at least 2020,  he said in a Bloomberg Television interview Monday. Blanch expects China to... Continue Reading →

The arrival of international oil companies (IOCs) is expected to change the market for drill rigs in Brazil. Transocean believes that increasing the participation of these companies in the country will help raise prices of daily rates, as well as create demand for new types of assets, different from the units usually demanded by Petrobras.... Continue Reading →

Rio de Janeiro, February 23, 2018 - Petróleo Brasileiro SA - Petrobras informs that it signed today, with the Brazilian federal Environmental Agency (Ibama), Term of Commitment that establishes the necessary actions and measures, during the transition period of two years, to adjust the water disposal process produced from some of Petrobras’ offshore production platforms... Continue Reading →

  Representatives of the national industry charged on Thursday, 22, in a public hearing of the National Petroleum, Natural Gas and Biofuels Agency (ANP), that the announcements of the 4th Round of Production Sharing Bid and the 15th Round of Bidding for Concessions include more local content than in the rounds held last year. They... Continue Reading →

Fitch Ratings cut Brazil’s credit rating further into junk territory on Friday, saying the country’s failure to put a social security overhaul to a vote undermines public finances. The cut to BB-minus from BB, with a stable outlook, mirrors rival rating agency S&P’s downgrade in January. Read more

Houston-based engineering, procurement, construction and installation company McDermott International wrapped up 2017 with a fourth-quarter profit of $25.5 million. According to McDermott’s financial report announced on Wednesday, the company returned to the black with earnings of $25.5 million in the last quarter of 2017, compared to a net loss of $0.5 million for the same... Continue Reading →