A total of 17 companies have registered to take part in two rounds of bidding for licenses to explore pre-salt oil areas in Brazil, Oil and Gas Secretary Marcio Felix said on Thursday. The auctions next month include some of the most promising oil blocks in the world. […]
Rio de Janeiro, September 13, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved today an agreement to settle an individual securities action brought before the U.S. federal District Court for the Southern District of New York, by a number of funds affiliated […]
Rio de Janeiro, September 13, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that at a meeting held today its Board of Directors appointed Board Member Durval José Soledade Santos to compose the Minority Shareholders Committee in place of Mrs. Lavínia Rocha de Hollanda, who is no longer […]
Considering the latest news published in the press about the licensing process of Total E & P Brasil LTDA on the exploration of oil at the mouth of the Amazon, it is necessary to clarify some information. There was no refusal by IBAMA to grant a license, and […]
Indebted offshore driller Seadrill Limited has entered into a restructuring agreement with the majority of its lenders which will see over $1 billion of new capital injected into the company. The driller informed on Wednesday the agreement was backed by more than 97 percent of its secured bank lenders, […]
Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S. The IEA, which advises most major economies on energy policy, increased its estimate for demand growth in 2017 by 100,000 barrels a day […]
Rio de Janeiro, September 12, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 6/23/2016, reports that it was notified by Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Board has approved, in a meeting held today, the Deficit Equating Plan (PED) […]
Rio de Janeiro, September 12, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that, following its liability management strategy, has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US$ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously […]
Brazil’s government aims to release a privatization model for the country’s largest state-owned electric utility, Centrais Eletricas Brasileiras SA, this month, the mining and energy minister said on Tuesday. Read more
Karoon Gas Australia Ltd is eyeing prospects in Brazil’s Campos, Santos and Espirito Santo basins in this month’s auction of oil and gas exploration rights, a company executive told Reuters. Tim Hosking, Karoon’s general manager for South America, said in an interview on Tuesday that the company has […]
