Rio de Janeiro, March 14, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact published on 02/28/2018, hereby informs that it received yesterday from Companhia Ultragaz SA the contractual fine payment of R$ 286.2 million, due to the disapproval by the Court of the Administrative Council of Economic Defense (CADE) of the... Continue Reading →

03/14/2018 One option is to turn R & D investment into local content engagement. The ANP is studying alternatives to avoid imposing fines for non-compliance with local content requirements, said director Aurelio Amaral, on Tuesday (13/3), in a conversation with journalists during an event held by Aker Solutions in Curitiba. According to the director, this... Continue Reading →

McDermott and Chicago Bridge & Iron Company N.V. (CBI) have selected the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction. The two companies agreed to merge in an all-stock transaction to create an integrated onshore-offshore company in December 2017. The deal was valued at... Continue Reading →

The company operates the Açu Port and originated from LLX Logística SA, from the entrepreneur Eike Batista, the tender offer  occurred on Friday. Prumo Logística said on Monday that it will proceed with the cancellation of its registration as a publicly-held company after the successful public takeover bid on Friday , according to company’s relevant... Continue Reading →

March 13, 2018 Petrobras is licensing a pilot project for offshore wind generation at the Ubarana field in the Potiguar Basin. The oil company will install a tower with an aero-generator, an anemometric tower and an umbilical electric-optical submarine cable of approximately 1 km of extension at about 20 km of the coast of Guamaré,... Continue Reading →

With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels. Out of 22 analysts tracked by Bloomberg who follow China’s state-run global oil major, 14 recommend buying the stock and none call for selling. Consensus price... Continue Reading →

CEFC China Energy Co.’s rapid ascent was shrouded in mystery. So is the turmoil that’s engulfing the Shanghai-based company. Its chairman, Ye Jianming, is said to have been investigated by authorities, and the company is reported to have been taken over by an arm of the Shanghai government. Speculation that the company is connected to China’s military, the People’s... Continue Reading →

Rio de Janeiro, March 9, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (“Teaser”) regarding the transfer of Petrobras’ total stake in the Piranema and Piranema Sul fields. In this project, Petrobras, operator with a 100% equity interest, offers all the rights in the maritime concessions Piranema... Continue Reading →