Oilfield-services company Rowan Cos. is in talks to acquire the drilling business of A.P. Moller-Maersk A/S, which is selling energy assets to focus on transportation, people familiar with the matter said. The drilling business assets could be valued at about $4 billion, although the valuation could change as the talks proceed, the people said, asking not to be... Continue Reading →
Petrobras Announces Expiration and Expiration Date Results of its Private Exchange Offers For Five Series of Notes
Rio de Janeiro, September 25, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), relating to five series of its outstanding notes set forth in the tables... Continue Reading →
Economists expect Brazil 2017 inflation to be below official target
Economists expect Brazil’s inflation rate to end 2017 below the government’s target range for the first time ever, according to a central bank survey on Monday. Consumer prices, as measured by the benchmark IPCA index, are likely to rise 2.97 percent in 2017, according to the median of around a hundred forecasts, down from 3.08... Continue Reading →
Bidding Round next Wednesday, September 27, will have participation of 32 companies
The National Petroleum, Natural Gas and Biofuels Agency (ANP) has approved 32 companies for the Wednesday, September 27 bidding round. Among them, 18 are foreign and 8 still do not have a contract for exploration in Brazil. The winners will operate under a concession regime. List of approved companies: BP Energy do Brasil (United Kingdom)... Continue Reading →
Total expands Gulf of Mexico foothold with Chevron deal
French oil major Total has said it will “capture” 7 prospects operated by Chevron in in the deepwater Gulf of Mexico. The agreement covers 16 blocks. According to Total, the associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in... Continue Reading →
Ocean Rig completes debt restructuring. Lenders to name directors
Ultra-deepwater drilling company Ocean Rig has informed that it has completed its debt restructuring. In a statement on Thursday, the company providing offshore drilling rigs to the international oil and gas industry, said that all the scheme conditions previously agreed with creditors and its rig-owning subsidiaries were satisfied, meaning that the company has now completed... Continue Reading →
Petrobras Clarification on News
Rio de Janeiro, September 22, 2017 - Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media about an alleged arbitration brought by minority shareholders, clarifies that it has not been notified by the Arbitration Chamber of São Paulo Stock Exchange (B3). If notified, Petrobras shall take all legal measures to... Continue Reading →
Petrobras – Onshore Opportunity Disclosure – Teasers
Rio de Janeiro, September 22, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in five sets of onshore fields (totaling 19 concessions), located in Ceará, Rio Grande do Norte and Sergipe states, as per... Continue Reading →
ANP – Oil and gas opportunities in Brazil.
ANP presents the publication of the booklet "Oil and Gas Opportunities in Brazil 2017 - 2019 Bidding Rounds" that provides information on the areas for exploration and production to be offered in the 14th, 15th and 16th Bidding Rounds in the concession regime and also the areas of the 2nd, 3rd, 4th and 5th Pre-Salt... Continue Reading →
PETROBRÁS FINDS PETROLEUM INDICATORS IN THE DOLPHIN FIELD, ESPIRITO SANTO BASIN
Sep, 2017 Petrobrás found evidence of offshore oil in the Espírito Santo Basin. This time, the state oil company notified the National Petroleum Agency about the presence of the input in the 4BRSA1352ESS well in the Golfinho field. The discovery was made in a water depth of 1,448 meters, using the Gold Star drill... Continue Reading →
