Brought to you by Quest Offshore & Southern Cone Consultants
Oil prices are down nearly 10 percent over the past month, leading some to wonder if we're set for a resumption of the plunge seen between 2014 and early 2016. Executives at oil companies, however, are optimistic. A new note from Goldman Sachs Group Inc. dives into fourth quarter earnings calls to get a sense... Continue Reading →
Brazil's Supreme Court is likely to begin ordering the release next month of suspects in the country's biggest corruption investigation who have been held for months without being brought to trial, a senior judicial source with knowledge of the matter told Reuters. Such a decision would be a setback for Sergio Moro, the federal judge... Continue Reading →
BP Plc’s shares surged the most this year after a London newspaper reported on rumors that Exxon Mobil Corp. sounded out major shareholders over a potential takeover. While a bid for BP can’t be ruled out, reports about Exxon’s interest have been around for years and analysts from Macquarie Capital Ltd. to Canaccord Genuity said a... Continue Reading →
Brazilian politicians worried they could be swept up in the next round of a devastating three-year corruption probe may have to sit tight just a bit longer to find out. Chief prosecutor Rodrigo Janot may ask the Supreme Court as early as Monday to authorize new inquiries into lawmakers based on secret testimony from executives... Continue Reading →
Rio de Janeiro, March 9, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 11/30/2016 and 02/10/2017, informs that it was suspended today by the President of the Federal Regional Court for the 5th Region, the injunction that determined the interruption of the sale of 90% of Petrobras stake... Continue Reading →
Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company. With Thursday’s deal to sell $7.25 billion of Canadian oil-sands assets, Shell will boost the share of cleaner-burning gas in its proven reserves from about half to 60 percent, Shell data show. It will also rid itself of... Continue Reading →
March, 2017 Having sealed an alliance last year with France's Total worth $ 2.2 billion, Petrobras now seems to be looking for new international partners. According to CEO Pedro Parente, the Norwegian Statoil and the Portuguese company Galp are in the sights of Petrobras. Parente stated that the signing of strategic associations is... Continue Reading →
Exploration is not dead, quite the opposite, now is the time to invest, E&P players say | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was... Continue Reading →
Brazil's state-run oil company Petroleo Brasileiro SA is "completely confident" its financial reporting is in line with regulation, the company's chief financial officer said on Wednesday, after Brazil's CVM market regulator questioned its hedging practices. Chief Financial Officer Ivan Monteiro told reporters Petrobras would appeal the CVM decision and will continue to adopt the same... Continue Reading →
Rio de Janeiro, March 8, 2017 - Petróleo Brasileiro SA - Petrobras informs that it will release its 2016 annual results on March 21, 2017, after the market is closed. Therefore, the Company is in quiet period until the date of disclosure, during which Petrobras is not able to comment or provide clarifications related to... Continue Reading →
Brazil Energy Insight 