May 17, 2018 Spanish Repsol will change the focus of its business. It does not want to grow in the oil and gas sector, but wants to make a transition to the cleaner energy segment. The Spanish company is the first among its peers to take such a measure. This shows how the strategic decisions... Continue Reading →

Relative: increase or not, investment will depend on the upcoming auctions, with greater commitment in exploration The president of Petrobras, Pedro Parente, sees space for the company to increase investments, albeit in a timely manner, in the new version of the company's business plan. The oil company is preparing a review of the current plan,... Continue Reading →

Rio de Janeiro, May 17, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that the revision process of the Transfer of Rights Agreement continues to be negotiated between the company and representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance and Ministry of Planning, Development and Management). The Interministerial Commission, constituted... Continue Reading →

London-listed Rockhopper Exploration has marked the year 2018 potentially transformational, as it works to secure funds and press ahead with the $1.5 billion Sea development in the Falkland Islands. Rockhopper is a partner in the 520 mmbbls project with a 40% working interest. The Sea Lion project, located in the North Falkland basin, is operated by Premier with... Continue Reading →

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening market. Read more

Mexican oil company Pemex is on the lookout for a drilling rig which it will use to test the size of the Zama discovery made by the U.S. operator Talos offshore Mexico in July 2017. While Pemex does not hold a stake in the offshore Block 7, where the giant Zama discovery was made the... Continue Reading →

  May, 2018 After successive and several delays by Petrobrás to receive the tender proposals for the charter of the FPSO of Búzios V, finally the state-owned company took new steps in the process. In the market, the comment is that big players from abroad have entered the bidding, which is promising to be quite... Continue Reading →

French geophysical player CGG returned to quarterly profit, following successful completion of financial restructuring during the first quarter of 2018.  For the first quarter of 2018 CGG posted a profit of $646.6 million compared to a loss of $145.1 million in the same period of 2017. CGG’s revenues for the first quarter of 2018 dropped... Continue Reading →