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Total SA raised its dividend by 1.6 percent and said it may give the go-ahead for almost a dozen new projects in the next 18 months after fourth-quarter profit beat analysts’ estimates. Total’s adjusted net income climbed 16 percent from a year earlier to $2.41 billion due to rising oil and gas production and cost... Continue Reading →
Brazil’s annual inflation rate plunged to a four-year low in January, fueling bets the central bank will keep its aggressive pace of monetary easing for longer. Swap rates extended their recent declines. The benchmark IPCA index climbed 0.38 percent in January, the lowest recorded for the month in the series dating back to 1994. It... Continue Reading →
Amid the discussions of the local content policy for the Brazilian oil sector, Petrobras decided to contract in China the anchoring systems for the onerous assignment platforms of the pre-salt, which involves the set of fields granted by the government in 2010 In exchange for Petrobras shares. Brazilian competitor Brasil Amarras has started judicial... Continue Reading →
Feb. 7, 2017 Sweden's Maha Energy is betting on Brazil and has taken a major step forward by buying all the assets and operations of Gran Tierra. The value of the transaction was $ 35 million, with a $ 3.5 million down payment to be made next Thursday the 9th. The agreement also includes all... Continue Reading →
zoom Norwegian oil company Statoil widened its loss during the fourth quarter of 2016 mainly due to impairment charges. The company on Tuesday reported that its net loss was $2.79 billion during the fourth quarter 2016, compared to $1.12 billion loss in the fourth quarter of 2015. Statoil’s net operating income was negative $1.897 billion... Continue Reading →
Please see attached presentation apresentacao-ceo-pedro-parente-_credit-suisse_sp_01-02-17
Statoil ASA, Norway’s biggest oil company, is ready to increase investment again as it reaps the benefit of drastic cost reductions it pushed through after oil’s collapse -- cuts that it vowed to deepen even further. After slashing investments by half in two years to $10 billion in 2016, the company plans to spend $11... Continue Reading →
07/02/2017 The federal government postponed a vote that would be taken on Monday to decide on a change of rules in local content of the oil and natural gas sector, while there is still no consensus on the degree of flexibility that will be applied. The impasse, according to the representative of the Brazilian... Continue Reading →
06/02/2017 Petrobras Agency The FPSO P-66 left the Brasfels Shipyard, in Angra dos Reis (RJ). The P-66, which will be based in the Lula field, Lula Sul module in the pre-salt Santos Basin, is expected to reach the field in the next few days. The beginning of the operation of the production system unit will... Continue Reading →
Brazil's top prosecutor on Monday asked the Supreme Court for permission to investigate an ex-president, two senators and the former head of a unit of the state oil company for alleged efforts to thwart the country's largest corruption probe. Prosecutor General Rodrigo Janot accused ex-President Jose Sarney, who now sits in the Senate, along with... Continue Reading →
