Brazil's pre-salt oil and gas production reached 1.68 million barrels of oil equivalent per day in December, accounting for 50.7% of the country's total production, according to data from the National Petroleum Agency ( ANP). This is the first time that pre-salt production has exceeded post-production in Brazil. The trend is to increase month by... Continue Reading →

  Like its ocean-crossing oil tankers, Exxon Mobil Corp.’s strategy can take some time to turn. When it does, the impact can be striking. Since Darren Woods replaced Rex Tillerson as chief executive officer in January 2017, Big Oil’s biggest producer has quietly assembled a vast portfolio of new resources, pumping billions of dollars into exploration and... Continue Reading →

Rio de Janeiro, January 30, 2018 - Petróleo Brasileiro SA - Petrobras, further to the press release disclosed on December 5, 2017 and December 14, 2017, informs that it has made today the prepayment of the remaining balance of the financing agreement with China Development Bank contracted in 2009 in the amount of US$ 2.8... Continue Reading →

PetroChina Co., the country’s biggest oil and gas producer, forecast that full-year profit rebounded off a record low and may have tripled amid cost cutting and higher energy prices. Read more

January 29, 2018 Petrobras and Exxon, the main players in the 14th round of bids of the National Petroleum Agency (ANP), signed on Monday (29) the contracts related to the blocks sold at the auction held in September last year. To remind you, the companies were a consortium to make the biggest bids of the... Continue Reading →

Rio de Janeiro, January 29, 2018 - Petróleo Brasileiro S.A. - Petrobras, further to the press release disclosed on August 23, 2017 and January 2, 2018, informs that its Board of Directors approved today the adhesion to the installment payment program established by Law 13586/2017, which covers the processes related to the requirement of Withholding... Continue Reading →

Rio de Janeiro, January 29, 2018 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors, in a meeting held today, has elected the engineers Eberaldo de Almeida Neto as Petrobras Chief Human Resources, HSE and Services Officer and Hugo Repsold Júnior as Petrobras Chief Production Development and Technology Officer. Eberaldo de Almeida... Continue Reading →

Rio de Janeiro, January 29, 2018 – Petróleo Brasileiro S.A. - Petrobras informs the volume of its proved petroleum reserves (oil, condensate and natural gas) estimated at the end of 2017 according to ANP/SPE (Brazilian National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission)... Continue Reading →

BP Plc is looking to a future beyond oil as it concedes some crude will be left in the ground. “Not every barrel of oil in the world will get produced,” Bernard Looney, head of the company’s upstream division, said Tuesday. “We’re facing competition from alternative sources of energy like we’ve never had before.” Read... Continue Reading →