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Singapore-based offshore drilling rig constructor Sembcorp marine has filed “a suspicious transaction report“ to the Singapore police following last week’s police raid of its subsidiary’s offices in Brazil as part of a bribery probe. Companies in Singapore are required to file a Suspicious Transaction Report if they have reasonable grounds to suspect that any of... Continue Reading →
Rio de Janeiro, July 8, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it signed an Agreement with the Administrative Council for Economic Defense (CADE), which consolidates understandings between the parties on the promotion of competition in the natural gas industry in Brazil, including the sale of shareholdings in companies operating thereof. The purpose... Continue Reading →
July 6, 2019 Chevron has begun licensing an exploratory well for the S-M-764 block area in the Santos Basin pre-salt. The company indicated to IBAMA that, depending on the result of the first well, it can drill a second well in the area, bought in the 15th round of the ANP, held in the past.... Continue Reading →
Petrobras is splitting its petroleum trading unit into a division for domestic markets and another for international markets. “The change aims to align Petrobras with movements in the sector and bring more synergies, innovation and agility to its trading unit,” Petroleo Brasileiro SA, as the Brazilian state-controlled oil producer is officially known, said in an emailed... Continue Reading →
They rally around him. Though it has little to do with him and more to do with proving a point: their side is right, the other side is wrong and mean and oppressive and — cranking up the volume on the social-media outrage machine — fascists suffering from all sorts of social phobias. Ex-president Luiz... Continue Reading →
Brazilian House speaker Rodrigo Maia said on Saturday he expects the lower Congressional House to begin voting on the pension reform bill on Tuesday. After a meeting with Congressional leaders on Saturday in Brasilia, Maia said he will begin discussing the bill with party leaders on Monday and expects voting to begin late on Tuesday.... Continue Reading →
July 5, 2019 – Petroleo Brasileiro S.A. - Petrobras informs that its Chief Governance and Compliance Executive Officer, Rafael Mendes Gomes, presented his resignation from the position, for personal reasons. Petrobras will initiate a selection process to choose the new Officer who, according to the company's governance rules, must be elected by the Board of... Continue Reading →
July 5, 2019 Petrobras produced between April and June about 190,000 cubic meters of low sulfur marine fuel, known as Bunker 2020, meeting a new international rule to reduce the emission of pollutants by ships. The production took place at six refineries, including that of Abreu e Lima (RNEST) in Pernambuco, which sold its first... Continue Reading →
July 5, 2019 ExxonMobil is claiming that the signing bonus for the surplus auction of the Transfer of Rights areas will be paid twice, a first installment with the signature of the production sharing contract, which is scheduled for March next year, and another in the signature of the co-participation contracts, scheduled for 2021. The... Continue Reading →
July 5, 2019 Lightsource BP, BP’s (BP.L) vehicle for solar energy investments, announced that it has acquired a package of projects in Brazil with about 2 gigawatts of capacity whose value has not been disclosed , the company said on Thursday. The deal is in addition to other recent bets by major oil multinationals in... Continue Reading →
Brazil Energy Insight 