Brazil’s President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro (PETR4.SA), a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push. Temer, speaking at a Reuters Newsmaker event in New York, also said that sprawling investigations that have led to corruption charges against scores... Continue Reading →
Total invests in renewables, energy efficiency
French oil major Total which recently announced the acquisition of Maersk Oil for $7.45 billion, is also investing in energy efficiency and renewables businesses. The company on Tuesday announced a partnership with EREN Renewable Energy to expand its renewable business. On the same day, Total said it had acquired GreenFlex, a French company specialized in... Continue Reading →
Bassoe: Offshore drilling rig empires emerging to take over the industry
Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon. We’ve commented on all the offshore rig deals that have happened this year, and there have been quite a few of them. Borr Drilling, Nothern Drilling, Shelf, Ensco, and most recently, Transocean have started acquiring offshore rigs at... Continue Reading →
Brazil: 32 oil firms taking part in 14th bidding round next week
Brazil is organizing a bidding round in which it is set to offer 287 blocks to oil and gas companies for exploration and production of oil and natural gas in nine sedimentary basins. Of the 287 blocks to be offered on September 27, 110 will be offshore. A separate round will be held in October... Continue Reading →
Brazil’s new top prosecutor reshuffles ‘Car Wash’ investigation team
Brazil’s new top federal prosecutor on Tuesday reshuffled the team of investigators in charge of pursuing the biggest corruption probe yet conducted in Latin America’s largest nation. Prosecutor General Raquel Dodge, who took over the post on Monday after the end of her predecessor Rodrigo Janot’s term, had previously invited all the members of Janot’s... Continue Reading →
Transpetro’s Suezmax, Abdias Nascimento, starts operating in the Campos Basin
19/09/2017 The vessel "Abdias Nascimento" was delivered by the Atlantico Sul Shipyard to Transpetro and started operations on the 14 having its destination on its first trip to the Campos Basin. At 274 meters in length, the ship has a loading capacity of 1 million barrels of oil and is ready to operate in... Continue Reading →
Petrobras announces the pricing of USD denominated Global Notes
RIO DE JANEIRO, BRAZIL – September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the pricing of two series of global notes denominated in U.S. Dollars (the “New Money Notes”) to be issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”). As previously announced in Petrobras’s press release dated... Continue Reading →
Brazil’s new top prosecutor is sworn in, says will maintain graft fight
The new prosecutor general tasked with leading Brazil’s anti-corruption drive was sworn in on Monday, and said she would continue her predecessor’s campaign against graft in Latin America’s biggest nation. Raquel Dodge took over as head of the prosecutor-general’s office from Rodrigo Janot, during whose tenure investigators uncovered Brazil’s largest graft scheme, involving billions of... Continue Reading →
Petrobras to offer US dollar denominated global notes in principal amount of up to U$ 2 billion
Rio de Janeiro September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), plans to offer (the “New Money Offer”) U.S.-dollar denominated global notes in one or more series (the “New Money Notes”), in an expected aggregate principal amount of up to... Continue Reading →
Big Oil Becomes Greener With Progress in Cutting Pollution
It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010... Continue Reading →
Brazil Energy Insight 