Rio de Janeiro, December 17, 2020 - Petróleo Brasileiro S.A. - Petrobras informs that, on this date, the payment of R$ 190 million was made to the Pension Fund of the Employees of the Bank of Brazil - Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain... Continue Reading →
Petrobras prepay partial debt to Petros
Petróleo Brasileiro S.A. – Petrobras informs that it has done today the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 94 million and will do in January 2021 the partial prepayment of R$ 4.493 billion. The TFC... Continue Reading →
Petrobras signs contract for sale of onshore fields in Bahia
Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 09/06/2019, informs that has signed today with Ouro Preto Energia Onshore S.A., wholly-owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale all of its stakes in fourteen onshore exploration and production fields, called Recôncavo Cluster, located in the state... Continue Reading →
Brazil Government plans to offer large regional blocks to stimulate exploration on land
The government intends to offer large blocks on land, up to 36 thousand km², in addition to reducing costs and entry barriers for contracting exploration areas. The proposals are the result of Reate, the Oil and Natural Gas Exploration and Production Activity Revitalization Program in Onshore Areas. - The program was created in 2017, under... Continue Reading →
Solstad Nets North Sea, Suriname Charters for Three PSVs
Norway's Solstad Offshore said Thursday it had secured contracts for three platform supply vessels, two in the North Sea, and one in Suriname. Platform supply vessel Normand Surfer has been awarded a long-term contract with an unnamed company in the North Sea. Solstad said the client was "a leading North Sea operator." The vessel has... Continue Reading →
Mexico Is Quietly Pushing Out Foreign Oil Investors
For nearly 80 years, Mexico kept its borders closed to foreign oil interests, with the state-owned and -run Petroleos Mexicanos (Pemex) being the only entity allowed to drill for gas in Mexican territory. In 2017, then-president Enrique Peña Nieto opened up Mexico’s considerable oil reserves to foreign oil companies and investors for the first time in nearly... Continue Reading →
Offshore Oil’s Dramatic Comeback
Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern South American shore, this time in Suriname. It must have felt like adding insult to injury for OPEC producers and reckless behavior for investors, but offshore oil... Continue Reading →
Juan Lessmann is the new president of ExxonMobil Brasil
ExxonMobil announced Juan Lessmann as president of ExxonMobil in Brazil to replace Carla Lacerda, who is retiring after 35 years with the company. Juan Lessmann will be responsible for the sustainable growth of affiliates. An ExxonMobil employee for more than 22 years, he has held outstanding positions in exploration and production around the world, including... Continue Reading →
OIL TANKER EAGLE PASSOS ON THE ITS TO BRAZIL TO STRENGTHEN THE TRANSPETRO FLEET
The oil tanker Eagle Passos, a vessel of the AET company, has already departed for Brazil and will reinforce the Transpetro fleet. The new unit left the Samsung Heavy Industries shipyard in South Korea and is expected to dock in Rio de Janeiro around the 11th of next month. Eagle Passos is the latest in... Continue Reading →
DNV GL Scores Work at BHP’s Trion FPU
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The... Continue Reading →
