Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value. Drillers worldwide are forecast to boost new commitments for all types of offshore work by 140 percent this year, Jeremy Thigpen, Transocean’s Chief Executive officer told analysts and investors in... Continue Reading →

Petrobras has launched a tender to contract maintenance services for the P-66, P-67, P-68, P-69 and P-70 platforms in the Santos Basin pre-salt. The contracts will last from one year and a half to three years. Among these units, only the P-66 is in operation in the Lula Sul field, while the others are scheduled... Continue Reading →

Prumo Logística officialized its partnership with the Port of Antwerp International (PAI), a subsidiary of the port of Antwerp, the main port of Belgium. As part of the agreement, the Belgian complex became a shareholder of Açu Port in the North Coast of Rio de Janeiro, and will advise the Brazilian installation commercially and operationally. The... Continue Reading →

  The definitive regulation of the waiver for contracts awarded since 2005 is going to follow the rules suggested by the ANP in December. At the time, the suggestion made by the agency was 50% local content for E & P in onshore projects, 18% in offshore blocks and three stages for offshore development, 25%... Continue Reading →

President Michel Temer’s decision to throw in the towel on reforming Brazil’s loss-making pension system leaves the unpopular measure as a campaign issue for October’s elections and a major headache for his successor. Read more

Rio de Janeiro, February 21, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in January was 2.70 million barrels of oil equivalent per day (boed), with 2.60 million boed produced in Brazil and 97 thousand boed produced abroad. Total production operated by the company (portions of Petrobras... Continue Reading →

The future is electric for BP Plc, though it’s not giving up on oil just yet. The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook released Tuesday. It expects a third of the miles driven in 2040 will be powered by electricity.... Continue Reading →

  Focused on creating and developing new technologies to reduce costs and increase productivity, Shell has entered into an agreement with the University of São Paulo (USP) and SBM Offshore on a deep water cooling system for floating platforms of the FPSO type, with a planned investment of up to US $ 2 million. The... Continue Reading →