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August 5, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its Executive Board has approved revision of its LPG pricing policy for residential use, sold for bottling in cylinders of up to 13 kg, including smaller capacity cylinders, such as 5 kg and 8 kg, which meet the demand for lower volumes. Prices charged by... Continue Reading →
August 5, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/05/2019, informs the beginning of the binding phase related to the sale of all its stakes in the Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin. Qualified parties for... Continue Reading →
Aug 5, 2019 Petrobras will soon contract a new 3D seismic campaign with nodes for the Santos Basin pre-salt cluster. After Libra and Buzios, the oil company will seek services to cover almost the entire field of Lula. It is estimated that the tender will be released within 30 days. The details are still being... Continue Reading →
Aug 5, 2019 Willing to take advantage of the window of opportunity that the market offers in terms of interest rates and assets for sale, PetroRio is preparing to issue dollar funds next month that will give it the firepower to buy assets and develop those that already exist. The company has consulted with investors... Continue Reading →
Brazil's state-controlled oil company Petrobras will scrap plans to invest in renewable energy projects, but says it will continue research and development projects in the field, according to chief executive Roberto Castello Branco. “About renewables, we are investing in research and we will just not invest in operational assets because it is something that requires... Continue Reading →
The Government of Guyana has approved resequencing of CGX Energy’s work program in the offshore Corentyne block. The block is operated by CGX’s wholly-owned subsidiary CGX Resources. Frontera Energy also holds a stake in the block through a farm-in completed in early May. CGX said last Friday that it had intended to drill one exploration... Continue Reading →
Aug 5, 2019 Diamond Offshore Drilling (DO) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -11.24%. A... Continue Reading →
San Jose-based Deep Ocean Engineering (DOE) has announced the addition of a new type of remotely operated vehicle (ROV) to its product line, the Phantom X8. This electric, light work-class, vehicle is the largest and most heavy-duty ROV manufactured by DOE and packs a robust design for deep sea maneuverability and power. Deep Ocean Engineering... Continue Reading →
The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they’re taking a hit as prices tank. Supermajor energy producers -- Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc -- saw a steep... Continue Reading →
August 2, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that today Centrais Elétricas Brasileiras S.A. - Eletrobras settled in advance R$ 1.275 billion of the outstanding balance of the Debt Assumption Agreement signed on December 3, 2018. With this payment, the remaining outstanding balance of all Debt Assumption Agreements that Petrobras holds against Eletrobras... Continue Reading →
