Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed payments by the state oil company. Read more
Petrobras 3Q, 2017 Financial Statements and Results Announcement
See attached 3Q, 2017 Financial Statements in USD and Results Announcement Petrobras 3Q 2017 Financial Statements Petrobras 3Q 2017 Results Annoucement
Petrobras – 3Q 2017 results
Rio de Janeiro - November 13th, 2017 - JAN-SEP OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 0.266 billion Production 2.776 Mbbl/d Adjusted EBITDA R$ 63.6 million Main highlights Main financial highlights Net Income of R$... Continue Reading →
Shell to begin drilling in Brazil’s Gato do Mato block in 2019
Royal Dutch Shell’s Brazil chief said on Monday that the oil major plans to begin drilling in the Gato do Mato block it won in an auction last month in 2019. Too soon to forecast when first oil might be produced
Brazil – 15th round will tender sector withdrawn from auction of 2007
November 10, 2017: Felipe Maciel The 15 th round of the ANP, approved by the National Energy Policy Council (CNPE) and to be held on March 29, 2018, will tender the SC-AP-5 sector in deep waters of the Campos Basin, which was withdrawn from the 9th round of bids from the agency after the announcement... Continue Reading →
Keppel to start working on Exxon’s Liza FPSO by year-end
Singapore’s Keppel Shipyard is expecting the arrival of a very large crude carrier (VLCC), which will be converted into a floating production storage and offloading (FPSO) unit for SBM Offshore, this month. The FPSO unit will be used to develop the ExxonMobil-operated giant Liza field offshore Guyana. Read more
Petrobras achieves top grade in Governance Indicator
Rio de Janeiro, November 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has achieved top grade in the Governance Indicator ("IG-SEST") prepared by the Secretariat of Coordination and Governance of State-Owned Enterprises - SEST, under the Ministry of Planning, Development and Management - MPDG, with the results gathered in its 1st Assessment... Continue Reading →
Shell defends competitiveness as a model
Chaired by the president of the Chamber of Deputies, Rodrigo Maia, the discussion about the end of the production sharing model, the president of Shell in Brazil, André Araújo, argued that the offer of geologically attractive areas and fiscal conditions are the main pillars for an attractive regulatory framework for oil companies. Araújo spoke exclusively... Continue Reading →
CNPE approves local content for the 4th Round of Bids in the Pre-Salt and the 15th Round of Concessions
For ground blocks the minimum percentage of mandatory local local content shall be 50% for the exploration phase and 50% for the development stage. For blocks in the sea, the minimum percentage of global mandatory local content will be 18% for the exploration phase. For the macro-groups of the development stage the percentages will be:... Continue Reading →
ENSEADA DELIVERS HULLS OF FOUR PLATFORMS AND WILL FOCUS ON THE FPSO MARKET
November 10, 2017 By Davi de Souza (davi@petronoticias.com.br) – With an investment of R $ 3 billion over the last few years, the Enseada shipyard already looks at its strategic planning to take important new steps. The company recently delivered the P-74, P-75, P-76 and P-77 hulls, which are now being completed at its integrating... Continue Reading →
Brazil Energy Insight 