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 →
Petrobras – Divestments in the Fertilizer Industry: Term Extension for Signing the Confidentiality Agreement
Rio de Janeiro, September 28, 2017 – Petróleo Brasileiro S.A. – Petrobras, in continuity to the Material Fact disclosed on 9/11/2017, informs that the deadline for signing the Confidentiality Agreement and other documents set forth in the Teaser, for access to technical, legal, and financial information relating to the divestment process of 100% stake in... Continue Reading →
Temer Is Brazil’s Most Unpopular Leader Ever, Poll Says
Michel Temer is Brazil’s most unpopular president on record and his government got no "very good" rating at all from women as he faces corruption charges and pushes economic austerity measures, an opinion survey showed. Read more
QGEP farms out Sergipe-Alagoas acreage to Exxon, Murphy
Brazil’s oil company QGEP has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil. The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428 located in the Sergipe-Alagoas Basin. Additionally, QGEP and its partners have been awarded blocks SEAL-M-501 and SEAL-M-503 in Wednesday’s 14th ANP Bidding Round. Read more
TechnipFMC bags Peregrino II project subsea award
TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract by Statoil for the Peregrino Phase II Project in Brazil. According to TechnipFMC’s statement on Thursday, the contract covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. Read more
Bassoe: Get ready for the deepwater revival in Brazil
The Brazilian offshore rig market will probably never see a return to its halcyon days of 2012. But these days, the market needs any increase in demand for deepwater rigs it can get, and Brazil is one of the best bets through the rest of this decade. Two factors support a positive outlook for offshore drilling... Continue Reading →
Executive Office for Governance and Compliance
Rio de Janeiro, September 27, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors, in a meeting held today, has reinstated the Chief Governance and Compliance Executive Officer of Petrobras, João Adalberto Elek Júnior, who was temporarily removed from the post, according to the Material Fact published on August 23, 2017.... Continue Reading →
Brazil sells 37 blocks to 17 oil firms. Exxon, Petrobras JV submit largest bid
Brazilian oil and gas regulators on Wednesday held the 14th bidding round for oil and gas exploration blocks, and it broke some cash records. Namely, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the round, in which 20 companies took part, had the largest total signature bonus in history – over R$... Continue Reading →
