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Output is surging at Brazil’s so-called pre-salt region. This decade it has gone from nothing to 1.3 million barrels a day. Better yet for international oil majors, the country is opening its prized region to foreign operators as part of a wider move to reduce the state’s role in the economy and boost competition. Majors... Continue Reading →
The world’s top energy companies will compete fiercely for deepwater oilfields Brazil will auction on Friday and all eight pre-salt blocks are likely to be awarded, according to the head of state-run oil giant Petroleo Brasileiro SA. Read more
Rio de Janeiro, October 26, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed to the market on June 5, 2017, reports that its Board of Directors approved, at a meeting held yesterday, the company's application for membership to the Level 2 special listing segment of Corporate Governance of B3 (Level... Continue Reading →
25.10.2017 - 23:51:54 Petrobras eyes second Libra charter Petrobras eyes second Libra charter. Brazilian state player to launch tender early next year for Libra 2 floater
Oct 25 (Reuters) - TechnipFMC Plc * TechnipFMC Plc qtrly diluted earnings per share of $0.26 * TechnipFMC Plc - excluding charges and credits of $0.13 per share, adjusted diluted earnings per share of $0.39 for quarter * TechnipFMC Plc - qtrly inbound orders of $2.5 billion, including subsea of $980 million and onshore/offshore of... Continue Reading →
Brazil lowered borrowing costs by 75 basis points, and signaled it will slow the pace of monetary easing further as inflation bottoms out and the economy gains steam. Read more
Rio de Janeiro, October 25, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors approved today accession to the non-Tax Debt Settlement Program (Programa de Regularização de Débitos não Tributários, "PRD"), according to Law no. 13.494, of October 24, 2017. PRD allows the inclusion of government take debts with the National... Continue Reading →
Rio de Janeiro, October 26, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 08/14/2017, informs the start of the binding phase regarding the sale process of its assets in Paraguay. At this stage of the project, the invitation letters are issued to interested parties qualified in the previous phase,... Continue Reading →
Brazilian lawmakers rejected corruption charges against President Michel Temer on Wednesday evening, shelving a case that had threatened to oust a center-right leader who investors hope will bring Brazil’s budget deficit under control. Read more
U.S. Interior Department led by secretary Ryan Zinke has proposed the largest oil and gas lease sale ever held in the United States –76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida. The proposed region-wide lease sale, offering an area about the size of New Mexico, is... Continue Reading →
Brazil Energy Insight 