5/24/2019 Petrobras has assured the National Petroleum, Natural Gas and Biofuels Agency (ANP), which is responsible for regulating the sector, it is capable of producing bunker fuel with low sulfur in sufficient volume to meet Brazil's demand from January of 2020, when international law that limits the sulfur content of vessels by 0.5% enters into... Continue Reading →

  The president of the National Oil, Natural Gas and Biofuels Agency (ANP), Décio Oddone, said last Thursday (23) that "there is room" for the postponement to 2020 of at least one of the three major oil auctions for the second half of this year. "Three auctions in the same semester can overwhelm the technicians... Continue Reading →

May 23, 2019 BE Petroleo details projects submitted to IBAMA by operators between 2018 and this year A universe of approximately 170 wells. This is the scope of offshore E & P projects whose characterization sheets have been submitted to IBAMA since 2018 by offshore asset operators in the country, according to a survey by... Continue Reading →

Rio de Janeiro, May 22, 2019 - Petróleo Brasileiro SA - Petrobras reports that it received the Official Letter No. 328/2019-SLS, which requests the following clarification: Official Letter nº 328/2019-SLS “Dear Gentlemen, In news published by Valor Econômico newspaper on 05/21/2019, the article under the title “Naufrágio pode atrasar projeto da Petrobras” [Wreckage May Delay... Continue Reading →

05/23/2019 - The development of the Libra block, in the Santos Basin pre-salt, prompted Petrobras and partners to embark on a journey of unique innovation. The peculiar conditions of the mine, unparalleled in the industry - with a high presence of carbon dioxide and contaminants, in ultra-deep waters of up to 2,200 meters - led... Continue Reading →

May 23, 2019 ANP approved exploratory programs for the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in 2018 The ANP approved, last Wednesday (22/5), the minimum exploratory programs of the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in the fourth and fifth rounds of the production sharing regime in 2018. Together,... Continue Reading →

London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors’ Pipeline Technique Limited, a provider of pipeline welding, field joint coating, and spoolbase services to the energy industry. PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia delivering solutions for offshore and onshore... Continue Reading →

FPSO leasing specialist BW Offshore is looking to spin off its E&P subsidiary BW Energy as a separate company and is planning to list it on the Oslo Stock Exchange. “BW Offshore plans to establish BW Energy as a separate E&P company and will invite external investors into the company to finance the development of... Continue Reading →

Rio de Janeiro, May 22, 2019 –Petróleo Brasileiro S.A. – Petrobras, following up in the release dated 04/26/2019, reports that its Board of Directors approved the model for the additional sale of its stake in Petrobras Distribuidora (BR) to be carried out through a secondary public offering (follow-on). After the offering, the remaining of Petrobras’... Continue Reading →

The political noise that sent the Brazilian currency tumbling past 4 per dollar hasn’t changed You-Na Park’s bullish stance. The Commerzbank analyst is sticking to her forecast that the real will strengthen to 3.60 per dollar by the end of the year, provided the government can deliver on its flagship pension overhaul bill. The optimism... Continue Reading →