12/5/18 Petrobras continues to delay the delivery of proposals to provide engineering services, installation, subsea interconnection of rigid pipelines and supply of goods associated with the Sepia field, in the Santos Basin. The new deadline stated on Petronect is 17/12, one week after the last scheduled date. "It's a normal Petrobras process. There are hundreds... Continue Reading →
Nine more companies approved for the Permanent Offer – ANP
Tuesday, 04 December 2018 The Special Procurement Committee (CEL) of the ANP approved today (04/12) the registration of nine more companies in the Permanent Offer: - IMPORTANT AND EXPORTING SUCCESS S.A. - GEOPARK BRASIL E & P DE PETRÓLEO E GÁS LTDA. - GREAT ENERGY S.A. - IMETAME ENERGIA LTDA. - KAROON PETRÓLEO E GÁS... Continue Reading →
Petrobras 2040 Strategic Plan and 2019-2023 Business and Management Plan
Petrobras reports that its Board of Directors has approved, in a meeting held yesterday, the 2040 Strategic Plan and the 2019-2023 Business and Management Plan, prepared in an integrated manner. See Attached Fato Relevante-PNG 2019-2023-Ingles
Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors
Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore (GLEN.L) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA (PETR4.SA) in return for business. The alleged graft was the latest finding of the country’s sweeping “Car Wash” investigation, which has uncovered the largest corruption scheme in... Continue Reading →
Lava Jato opens phase 57 and targets Petrobras trading area
The investigation pointed to corruption schemes in the area of oil and derivatives trading and corruption in the area of chartering vessels 12/05/2018 The Federal Police (FP) launched Operation No Limits, 57th stage of Lava Jato. The new stage investigates businesses in the Petrobras trading area. A total of 190 police officers in the States... Continue Reading →
Guyana: Orinduik partners agree to spud first well in 2019
Partners in the Orinduik block located offshore Guyana have revealed their drilling plans for 2019. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on Wednesday that all partners approved the initial 2019 work plan and budget for the first Orinduik exploration well on November 30, 2018. Eco holds a 15% working interest in... Continue Reading →
CGX gains support from Frontera for drilling costs offshore Guyana
Canada’s CGX Energy and Frontera Energy have entered into a letter of agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. According to Frontera’s announcement on Tuesday, the agreement also provides financial support as a critical step... Continue Reading →
Petrobras – Reduction of Significant Shareholding Interest
Rio de Janeiro, December 04, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of November 29, 2018 it manages shareholding interest... Continue Reading →
Brazil Rig count: Offshore rigs lowest in 20 years
12/4/18 Onshore, average equipment in activity in Brazil is the lowest since the 1980s The average number of offshore rigs in operation in Brazil this year is the lowest since 1999, with only nine units, according to BHGE's Rig Count. Throughout the history of the survey, which began in 1982, in just three years -... Continue Reading →
Brazil’s top court approves investigation into Bolsonaro chief of staff
Brazil’s Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations. Brazil’s Prosecutor General Raquel Dodge asked the top court to allow an investigation into whether Onyx Lorenzoni, who will serve as Bolsonaro’s chief of staff... Continue Reading →
