The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the second half of 2018, Steve Pastor, BHP’s petroleum president, said Monday in an interview in Mexico City. Trion, which Pemex estimates to hold... Continue Reading →
Brazil’s Presidential Race Remains Wide Open, Polls Say
Brazil’s 2018 presidential race remains wide open as half a dozen potential contenders across the political spectrum stand a chance to win the country’s top job, opinion polls show. After years of recession, political crisis and corruption scandal, Brazil’s electorate is deeply divided with former President Luiz Inacio Lula da Silva of the leftist Workers’... Continue Reading →
Petrobras CEO Presentation Oct. 2, 2017, New York.
Petrobras CEO, Pedro Parente, presentation to investors in New York See attached presentation CEO-Presentation-Petrobras-Day-New-York-2017_0
Petrobras – Prepayment of bank debts and new financing
Rio de Janeiro, October 2, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has executed prepayment, renegotiation and new financing operations, in the total amount of US$ 6,3 billion, according to the tables below. Additionally, the company settled a financing operation with the bank BNDES, linked to the Nitrogen Fertilizer Unit III ("UFN-III"),... Continue Reading →
Petrobras and Statoil advance on a strategic partnership to optimize the recovery of mature offshore fields
Rio de Janeiro, September 29, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Heads of Agreement (HoA) with the Norwegian company Statoil, in continuity to the Memorandum of Understanding signed in 8/30/2016, through which the companies committed themselves to assessing cooperation opportunities aligned with their business strategies. Under this agreement,... Continue Reading →
Keppel delivers FPSO for Petrobras’ Tartaruga fields
Keppel FELS Brasil’s BrasFELS shipyard has handed over the Cidade de Campos dos Goytacazes MV29 FPSO to MODEC. The floating production storage and offloading unit left the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Petrobras-run Tartaruga Verde and Tartaruga Mestiça Fields, in the Campos Basin, located about... Continue Reading →
Murphy Oil announces strategic entry into deepwater Brazil/WorldOil
EL DORADO -- Murphy Oil Corporation has announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploração E Produção De Petróleo E Gás Ltda. (Murphy), has entered into a farm-in agreement with Queiroz Galvão Exploração e Produção S.A. (QGEP) to acquire a 20% working interest (WI) in Blocks SEAL-M-351 and SEAL-M-428, located in the deepwater... Continue Reading →
Exxon’s big bet on Brazil oil could signal major pre-salt role
Exxon Mobil Corp’s big bet on Brazil’s offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country’s rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence, Exxon took eight blocks in the... Continue Reading →
Petrobras – Result of the 14th Round of ANP Bidding
Rio de Janeiro, September 27, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of which offshore and one onshore. The company will be the operator... Continue Reading →
Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, September 28, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 7/11/2017, reports that its Board of Directors (BD) authorized, in a meeting held yesterday, the filing of a formal request for registration of an initial public offering and for registration of Petrobras Distribuidora S.A. (BR) as... Continue Reading →
Brazil Energy Insight 