Mergers & acquisitions activity in the UK oil and gas sector is expected to continue in 2018, however it is not expected to match the levels reached in 2017. In its 2018 Business Outlook released on Tuesday, Oil & Gas UK looked at the big mergers and acquisitions in the past year. Oil and Gas... Continue Reading →

Bank of America Corp, Itau Unibanco Holding SA and Banco Bradesco SA are arranging financing for a consortium led by Macquarie Group Ltd. so it can bid for Petroleo Brasileiro SA’s natural gas pipeline network in northeastern Brazil, said three people with knowledge of the matter. The bridge-loan, which could reach $6 billion, will probably be... Continue Reading →

Rio de Janeiro, March 20, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it has decided to mothball its fertilizer plants located in Sergipe ("Fafen-SE") and Bahia ("Fafen-BA"). The decision to mothball these units is aligned with the company’s strategic position to fully withdraw from fertilizer production activities, pursuant to its 2018-2022 Business and... Continue Reading →

The need to rebuild and revitalize the supply chain of goods and services for the oil sector in Brazil dominated the debates of an event promoted by IBP. The president of BP in Brazil, Adriano Bastos, stressed the importance of rebuilding the supply chain in Brazil. According to him, with the oil crisis and the... Continue Reading →

Brazil could have up to 40 deepwater rigs by 2021; manufacturers look to Latin America with optimism.   Brazil may have up to 40 deepwater rigs working in offshore concessions in 2021. The forecast is from consultancy Bassoe Offshore, which provides that Petrobras will demand at least 30 units at the beginning of the next... Continue Reading →

A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are essentially saying hands off to anything coming... Continue Reading →

Dutch FPSO specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO destined for the Liza project off Guyana. TMC said on Monday that the contract would entail a large compressed air system consisting of 3 x 400 kW frequency-controlled instrument air... Continue Reading →

Petrobras intends to begin seismic activities in offshore areas from the 14th Round of bidding in 2017 this year. According to E & P director Solange Guedes, this was a commitment with the partners in the blocks. "One of the very positive side effects of these strategic partnerships are alignments of interest. We are committed... Continue Reading →

RIO DE JANEIRO, BRAZIL – March 15, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes of the series set forth in the table below for an aggregate purchase price, excluding accrued and unpaid... Continue Reading →