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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 11/22/2016 and 03/21/2018, informs that it will receive from Equinor Brasil Energia Ltda. (Equinor) the last contingent installment in the amount of US$ 950 million related to the sale of its stake in the exploratory block BM-S-8, where the Bacalhau field (former Carcará... Continue Reading →
The board of the National Petroleum Agency (ANP) approved the Production Individualization Agreement (PIA) for the shared Bacalhau deposit, located in the Santos Basin. As a reminder, the PIA is an instrument used when reservoirs or deposits extend over more than one exploratory block or when they cover a non-contracted area. In 2014, Equinor had... Continue Reading →
(Yahoo) Petroleos Mexicanos could end up spending about $1.6 billion to take over Royal Dutch Shell Plc’s Deer Park refinery, more than twice the price announced in May, even as its finances are so dismal the government is injecting billions of dollars into the state oil producer. Pemex, as the company is known, has requested... Continue Reading →
(Reuters) - Brazil's central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike in February, waging one of the world's most aggressive battles with inflation even as Latin America's largest economy has tipped into recession. The bank's rate-setting committee, known as Copom, decided unanimously to raise its benchmark interest... Continue Reading →
The Special Tender Committee (CEL) approved the registration of one more company for the Permanent Offer: Ecopetrol Óleo e Gás do Brasil Ltda. With Ecopetrol, 69 companies have already signed up for the Permanent Offer. See the complete list: https://www.gov.br/anp/pt-br/rodadas-anp/oferta-permanente/inscricao-licitantes. The Permanent Offer is a modality of concession of blocks and areas with marginal accumulations... Continue Reading →
A new important milestone for Petrobras and its partners in the consortium that operates in the Libra block, in the Santos Basin pre-salt. The board of the National Petroleum Agency (ANP) approved the first development plan for the Mero field, which is located within the Libra area. In all, 65 wells will be drilled in... Continue Reading →
(Reuters) - Oil major Chevron (CVX.N) and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Friday. The agreement grants Chevron 80% ownership over block EG-09, which sits along Equatorial Guinea's northern border with Cameroon, south of the Aseng and... Continue Reading →
The National Petroleum Agency (ANP) approved today the reduction of the royalty rate levied on fields operated by small or medium-sized companies. In all, the agency granted a reduction in the charge for 36 fields, located in the states of Rio Grande do Norte (31), Espírito Santo (3), Bahia (1) and Sergipe (1). Small companies... Continue Reading →
(Reuters) - Shares in Brazil's Braskem SA (BRKM5.SA) plunged on Thursday after state-run oil company Petrobras (PETR4.SA) said it has yet to decide when and how to proceed with the proposed sale of its stake in the petrochemicals producer. Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that it is still conducting studies on... Continue Reading →
Technip Energies said Thursday it had received the acceptance of its basis of the design of its INO12TM floating offshore wind concept from classification society DNV. The company said that DNV's acceptance marked important progress towards the Approval in Principle (AiP) of the floater which is designed to accommodate a 12MW wind turbine. "Following an... Continue Reading →
