06/06/2019 | The prospect of investments in the exploration of new reserves, auctioned by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) in the last three years, together with the revitalization strategy of the mature fields, indicate the resumption of the oil and gas sector operations in Macaé. Data on the strategies of... Continue Reading →

Brazilian subsidiary of Norwegian offshore vessel provider DOF has received an extension for one of its vessels working in South America. DOF said on Friday that its subsidiary – Norskan – had won a one-year extension for the Skandi Hav vessel from Brazilian oil major Petrobras. Continue reading

The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE). BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes said on Friday... Continue Reading →

  Rio de Janeiro, June 6, 2019 –  Petróleo Brasileiro S.A. – Petrobras informs that today the  Plenary of the Federal Supreme Court (STF) reversed the provisional injunction granted by Minister Ricardo Lewandowski in ADI 5624, which conditioned the sale of control of subsidiaries and subsidiaries of state-owned companies to prior legislative authorization and public... Continue Reading →

June 6, 2019 Secretary of Economic Development of RJ considers scenario with an increase of 35 floating rigs and 50 FPSOs in the country Brazil will demand 270 new vessels to support E & P activities by 2030, considering the potential of the assets that will be auctioned as of this year. The estimate is... Continue Reading →

Occidental Petroleum’s $38 billion acquisition of rival Anadarko has moved closer to completion it has the U.S. antitrust regulators have given it an approval. Occidental informed on Tuesday the U.S. Federal Trade Commission had granted early termination of the waiting period under the HSR Antitrust Improvements Act of 1976, thus concluding the antitrust review of... Continue Reading →

ExxonMobil has committed to further investing in Block 15 offshore Angola with the aim to boost oil output. ExxonMobil said Wednesday the decision made with its partners was part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive... Continue Reading →

05/06/2019 The National Agency for Petroleum, Natural Gas and Biofuels (ANP) published, on May 15, 2019, the Notice of Public Consultation and Public Hearing No. 10/2019, related to the 6th Round of Production Sharing Bidding. There will be 5 blocks of high potential, being these: Aram, Bumerangue, Cruzeiro do Sul, Sudoeste de Sagitario and Norte de... Continue Reading →

Brazilian lender Caixa Economica Federal is considering taking steps that would force Odebrecht SA to seek bankruptcy protection, according to people with knowledge of the matter. The government-owned bank is planning to ask the holding company to accelerate debt payments by triggering a cross-default clause after Odebrecht’s ethanol unit Atvos SA filed for court protection from creditors... Continue Reading →