Thursday, 09 November 2017 17:12 The National Energy Policy Council (CNPE) approved on Thursday, in an extraordinary meeting, the holding of the 15th Round of Bids for Exploratory Blocks, under the concession regime, on March 29, 2018, and the 4th Round of Bids, under the production sharing regime, on June 7, 2018. In the 15th... Continue Reading →
Exclusive: Venezuela’s PDVSA misses debt payments to India’s top oil producer
Venezuelan state oil-firm PDVSA has not made debt payments to India’s top oil producer ONGC (ONGC.NS) for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. Read more
The Dollar Is Now More Correlated With Oil Than Some Petrocurrencies
As the petrocurrencies of the world break their historic link with oil, the greenback is building a relationship with the commodity that it isn’t supposed to have. Crude oil’s more than 9 percent surge since Oct. 25 has been mirrored by a 1.3 percent advance in the dollar against major world currencies, widening the pair’s 90-day correlation... Continue Reading →
Subsea 7 profit dips. CEO sees gradual recovery in tendering activity
Offshore installation and construction company Subsea 7 has reported a rise in the third quarter revenue, but a drop in profit. The company’s revenue for the quarter ended September 30, 2017, was $1,06 billion, up from $928 million a year ago. Net income came in at $111 million, down from last year’s third quarter $149 million.... Continue Reading →
Brazil: Statoil hires two platform suppliers for Carcara work
Statoil Brasil Óleo e Gás Ltda., Statoil’s Brazilian subsidiary, has awarded contracts to a pair of Solstad Farstad’s platform supply vessels for operations off Brazil. Statoil said on Wednesday that it awarded Solstad Farstad with deals for the 2012-built Far Scotsman and the eight-year-old Far Serenade. The six-month firm deals for the two vessels will... Continue Reading →
U.S. to export large ethanol volume to Brazil despite tax
The United States will export a large volume of ethanol to Brazil in 2018 despite the 20 percent import tax implemented by the Brazilian government this year, analyst Platts Kingsman said on Wednesday. Platts estimates the United States will ship around 1.7 billion liters of ethanol to Brazil in 2018, compared to a projected 1.8... Continue Reading →
Petrobras Revision of the Transfer of Rights Agreement – Negotiation Committee
Rio de Janeiro, November 8, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has created an internal committee to negotiate the Revision of the Transfer of Rights Agreement with representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance, and National Agency of Petroleum, Natural Gas and Biofuels - ANP).... Continue Reading →
Brazil rejects Saudi Arabia’s overtures on oil output cuts
Brazil has rejected an informal effort by Saudi Arabia to coax Latin America’s top oil producer into joining OPEC-led production cuts aimed at boosting prices that have been hit by oversupply, a Brazilian official said on Tuesday. Read more
Brazil’s Petrobras says court lifted injunction blocking stake sales to Total
NOVEMBER 7, 2017 / 9:45 AM / Reuters Staff SAO PAULO (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA) said a federal court lifted an injunction related to the sale of its stakes in projects on the Iara and Lapa oil exploration areas, according to a statement on Tuesday. The injunction was blocking... Continue Reading →
Sale of 100% equity interest in Petrobras Oil & Gas B.V.: Opportunity Disclosure – Teaser
Rio de Janeiro, November 7, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the opportunity disclosure stage (“Teaser”) related to the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”), a joint venture formed by Petrobras (50%), BTG Pactual E&P B.V. (40%) and Helios Investment Partners (10%). Petrobras... Continue Reading →
Brazil Energy Insight 