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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 →
WFS Technologies has expanded into Houston and Brazil as the company continues to meet its growth objectives for 2019. Molly Reyes, Energy Industry sales director, joins the WFS senior leadership team to lead the new office and explore opportunities in the Gulf of Mexico and North American territories. Continue reading
Police in Rio de Janeiro arrested 43 people on Thursday for allegedly taking part in a murderous gang that extorted companies providing services to state-run oil company Petrobras and established a secret cemetery where it disposed of rivals. The arrests underline the growing power of militias in and around South America’s third largest city, comprised... Continue Reading →
Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP to conclude some of its resources “won’t see the light of day,” according to its head of strategy. Some of the “more complicated to extract” resources in the British oil major’s portfolio may have to be sold or stay... Continue Reading →
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market. Sudden demand from a wide range of places has driven up offshore rig utilization. Continue reading
UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019. The London-headquartered firm said in a stock exchange announcement that its ordinary shares will trade under the new ticker symbol VAL following its name change. Continue reading
Brazil Energy Insight 