Brazil’s QGEP has informed that Statoil has so far paid it half of the total purchase price for its stake in a block offshore Brazil, and that the remaining payments would be following soon. Statoil in December 2017 said it had completed the acquisition of a ten percent stake in the BM-S-8 block, located in the... Continue Reading →
Sale of Pasadena Refinery: Opportunity Disclosure – Teaser
Rio de Janeiro, February 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started, through its affiliate Petrobras America Inc ("PAI"), the opportunity disclosure stage (“Teaser”) related to the sale of the Pasadena Refinery, located in the United States of America. The opportunity encompasses Pasadena's entire refining operations system, including the refinery,... Continue Reading →
Chevron seeks partners for the 15th round of bidding
February 6, 2018 Chevron is seeking partners to compete for projects in the 15th round of the ANP. The oil company is operator of the Polvo field, in the Campos Basin, and the exploratory block CE-M-715, won in the 11th round in partnership with Ecopetrol. The 15th round of the ANP will offer 70... Continue Reading →
Halliburton Takes Fracking Fight From Oil Field to Patent Office
Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an unlikely place: the patent office. The Houston-based provider of drilling services is waging an aggressive campaign to persuade the U.S. Patent and Trademark Office to cancel some of Schlumberger’s fracking-related patents,... Continue Reading →
BP Dodges Oil-Industry Gloom as Profit Jumps With Production
BP Plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices. Oil and gas output rose following the startup of seven new projects last year, helping the London-based giant post a fivefold increase in fourth-quarter profit from a year earlier to the highest since... Continue Reading →
Exxon wants bigger FPSO for Phase 2 of Liza development in Guyana
ExxonMobil, working to develop the giant Liza oil discovery offshore Guyana using an FPSO built in Singapore, is not sitting on its laurels. The company, which plans to bring the first phase of the Liza field online in March 2020, is already thinking about the phase two. Namely, in a conference call on Friday, Exxon... Continue Reading →
KEPPEL EXECUTIVES ARRESTED IN SINGAPORE
February 05, 2018 The Singapore Strait Times reported that Several former key executives of Keppel Corp and its offshore and marine units have been arrested in connection with the Singapore authorities’ investigation into the corruption scandal involving Keppel Offshore & Marine (Keppel O&M). The Straits Times said it understands that they include Mr Tay... Continue Reading →
2018 Latin America Investment Conference | Pedro Parente | São Paulo
Is the turnaround over? Presentation by Pedro Parente, CEO of Petrobras, at the Credit Suisse conference. See the attached. Presidente Pedro Parente-Credit Suisse-Janeiro 2018
Sale of 100% equity interest in BSBios: Start of the non-binding phase
Rio de Janeiro, February 5, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 12/14/2017, informs the start of the non-binding phase regarding the sale of 100% of the shares held by Petrobras Biocombustíveis ("PBIO"), a wholly-owned subsidiary of Petrobras, in the company BSBios, which corresponds to 50% of the... Continue Reading →
Total enters prolific Guyana Basin. Buys two offshore blocks
The oil company said on Monday it signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area... Continue Reading →
Brazil Energy Insight 