June 11, 2019 The directors of Shell and Petrogal will appreciate the contracting of the Constellation Laguna Star drillship during a two-year operation in the BM-S-11 block in the pre-salt of the Santos Basin. The drilling unit was offered by the Brazilian group in a Petrobras bid, and its chartering now depends only on the... Continue Reading →

French energy group Total said it had launched the second phase of development for the Mero project off the coast of Brazil, along with its partners, as the deep offshore oil project moves closer to getting off the ground. “The decision to launch Mero 2 comes as a new milestone in this large-scale project that... Continue Reading →

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects. However, hasty sanctioning can lead to less certainty of what the ultimate cost of any given project will be, according to Rystad Energy. Projects... Continue Reading →

Published on: 11/06/2019 08:08:11 Petrobras, the Libra Consortium operator, signed a contract on Monday (10/6) with the SBM Group to charter and operate the second definitive production system of Mero field, located in the northwestern area of the Libra block. The unit will be deployed in the Mero 2 project, about 180 km off the... Continue Reading →

Rio de Janeiro, June 10, 2019 - Petróleo Brasileiro S.A. – Petrobras informs that it received an approximate amount of R$ 265 million, as a result of a leniency agreement of Braskem with the Comptroller General of the Union (CGU) and the Federal Attorney General (AGU). Braskem had already returned R$ 564 million to Petrobras... Continue Reading →

June 11, 2019 SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. The... Continue Reading →

June 10, 2019 The director general of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, said that the schedule of the three oil auctions this year is maintained and that "there is demand for it". He denied that there are discussions at the moment to postpone one of the bids, as... Continue Reading →

June 10, 2019 The STF decision to allow the sale of state-owned subsidiaries without the approval of the National Congress was celebrated by Petrobras, which will now have greater legal certainty to run its divestment program. " A victory for Brazil, not only for Petrobras and shows that we have a friendly environment for the... Continue Reading →

June 10, 2019 Petrobras has extended logistical support contract on the movement of flexible pipe with BHGE. The agreement of R $ 250 million will last two years, with the possibility of renewal for another year. The activities will be carried out at the base of BHGE in Niterói (RJ), used by Petrobras since 2014,... Continue Reading →

Repsol Sinopec is leaving BM-ES-21, an exploration project in partnership with Petrobras in Espírito Santo. The companies have already notified Cade of the free assignment of rights in the contract. Petrobras will assume the 11.11% of Repsol Sinopec, and will now have 100% of the contract. Between 2009 and 2014, five wells were drilled in... Continue Reading →