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 →
Omni helicopters to support Dommo Energia ops off Brazil
Helicopter operator Omni Táxi Aéreo has won a contract with Dommo Energia, formerly known as OGX, for transport of passengers to its FPSO and rig at the Tubarão Martelo field. Omni said on Friday, January 26 that this was the company’s first signed contract in 2018. The deal will consist of six flights per week... Continue Reading →
Karoon calls suppliers to submit bids for Echidna development
Karoon Gas Australia has launched a request for tender to select suppliers for its operated Echidna development located offshore Brazil. Karoon has a 100% equity interest in Blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 in the Santos Basin located approximately 200 kilometers off the coast in the State of Sáo Paulo, Brazil. Karoon’s drilling campaigns... Continue Reading →
Exxon Sees Oil Demand Down 20% in 2040; Or Maybe It’ll Be Up
If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The reports were both released Friday. Which one to believe? Read more
Clarification on News: Deleveraging Target
Rio de Janeiro, February 1, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it received today, Official Letter no. 148/2018-GEA, which requests the following clarification: Official Letter no. 148/2018- SAE “Dear Gentlemen, A news article published by the Valor Econômico newspaper, on 2/1/2018, under the headline “Petrobras Leverage", states, among other information, that if... Continue Reading →
Exxon, Chevron Disappoint by Missing Out on Industry Rebound
Exxon Mobil Corp. and Chevron Corp., failing to capitalize on a more than 50 percent rise in oil prices since June, spurred the wrath of investors by missing fourth-quarter estimates on both earnings and output. Exxon took the worst hit, plunging 5.8 percent to $83.86 in New York trading at 1:00 p.m., making them the second-worst performer... Continue Reading →
Chevron Posts Strongest Year of Crude Discoveries Since 2011
Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation. Chevron found enough untapped fields to replace 155 percent of the crude and gas it pumped last year, the highest reserves replacement since 2011.... Continue Reading →
Brazil Energy Insight 