07/07/2017 17h20 The National Petroleum Agency (ANP) has placed for public consultation the pre-announcements and drafts of the contracts for the 2nd and 3rd rounds of the sharing regime in the pre-salt. The public consultation will be extended until July 21. The public hearing on the issue will take place on the 25th of this... Continue Reading →
Petrobras extends Fugro’s IRM service deal
Geotechnical, survey, subsea and geosciences services provider Fugro has been awarded a further two-year contract by Petrobras for inspection, repair, and maintenance (IRM) and pipeline inspection services in Brazil. Fugro said on Tuesday that the new award followed the company’s completion of an initial 12-month contract for the oil major, after taking delivery of the... Continue Reading →
Brazil senators set final vote on labor reform for July 11
Brazil's Senate has set a final vote on President Michel Temer's landmark labor reform bill for July 11, a sign congressional efforts to help revive a recession-hit economy are on track despite a swelling corruption investigation. Brazil's Senate on Tuesday evening passed a motion to fast-track the bill in a 46 to 19 vote. Read... Continue Reading →
Petrobras to complete construction of Comperj in partnership with Chinese
Involved in Lava-Jato, unit work in Itaboraí has been stopped since 2014 BY RAMONA ORDOÑEZ/Globo 07/07/2017 RIO - Petrobras will conclude the construction of the Rio de Janeiro Petrochemical Complex (Comperj) in Itaboraí, in the state of Rio, in partnership with the Chinese giant CNPC, revealed executive close to the negotiations. The partnership between Petrobras... Continue Reading →
Exclusive: Brazil eyes clearer leniency deal rules after J&F uproar
A backlash in Brazil over plea and leniency deals with the billionaire family that controls meatpacker JBS SA has led prosecutors to start discussions on creating clearer rules for future agreements to ensure equal treatment, three people familiar with the matter said. The talks over a "basic set of patterns and parameters" to negotiate fines... Continue Reading →
Stockholders nod for Baker Hughes-GE merger
More than 99% of the votes cast by Baker Hughes stockholders on Friday were in favor of the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business (GE Oil & Gas). The combination will create Baker Hughes, a GE company, which will be traded on the New York Stock Exchange (NYSE) under the ticker symbol “BHGE”.... Continue Reading →
Petrobras and CNPC form a Comprehensive Strategic Alliance
Rio de Janeiro, July 4, 2017 – Petrobras' and CNPC inform that today Mr. Pedro Parente, Petrobras’s CEO, and Mr. Wang Dongjin, Vice President of CNPC and CEO of PetroChina, signed a Memorandum of Understanding (MoU) in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agree to jointly evaluate opportunities in... Continue Reading →
Brazil diesel imports hit record despite drop in local sales
Brazilian diesel imports surged 60 percent to hit a record high in the year to May compared with the same period last year, even as domestic sales slid, Brazil's oil and fuels watchdog ANP said. In the first five months of the year, diesel imports hit 4.44 billion liters, ANP said on Friday, while domestic... Continue Reading →
Exclusive: Mexico’s Pemex sees October selection of refinery coking plant partner
Mexican state oil company Pemex plans to choose a partner at the end of October to finish the development and operate a $2 billion coking plant at its Tula refinery, government and Pemex sources told Reuters. Pemex is looking for partners to improve the performance of its state-owned refineries, which currently process about 915,000 bpd... Continue Reading →
Brazil concludes it owes Petrobras money in ‘Transfer of Rights’ deal: source
The Brazilian government concluded it owes state oil company Petrobras money after a revaluation of stakes in offshore oil blocks known as transfer of rights areas, a government source familiar with the issue told Reuters on Friday. The government will offer to settle the debt arising from the transfer of rights contracts with Petrobras, or... Continue Reading →
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