Libra: A US$ 500 M “Sword of Damocles”

Opening the IBP event, Pedro Parente and other Petrobras executives discussed the impact of local content waivers

O&G

Alvopetro To Invest US$ 5 million in 2017

The work plan includes onshore drilling and testing activities in Brazil


O&G

Government Expects Cemig Plants To Go On the Block

The MME is not in negotiations with the Minas electricity utility about three of the four plants totaling 3 GW that should be auctioned this year


O&G

PETROBRAS 4Q16 EARNINGS REPORT II: Petrobras Might Exercise Preemptive Rights as the Operator in Upcoming auctions

CEO Pedro Parente confirmed that company is eyeing the auction of the unitized areas with certain interest


O&G

Government: Petrobras Preference Limited in Pre-Salt Areas

Discussions are still being held to decide to what extent Petrobras may exercise the right to operate production sharing assets


O&G

Tubarão Martelo Could Stop Production in 2018

The revitalization of the area might extend operations well until the first half of 2021


O&G

Four To Bid on Sepia FPSO

Petrobras receives the first proposals for the charter of the unit for the transfer of rights area


O&G

Petrobras Wins Two Local Content FPSO Court Battles

Injunction against the Libra FPSO is suspended while a second federal judge confirms the oil company’s request for the Sepia FPSO


POWER

Rio Energy Plans To Issue US$60 M in Debentures

It will complement the US$ 276 M in funding that the company closed with the BNDES for the second half of 2018


POWER

CPFL Renováveis Reports 14.7% Rise in Net Revenues in 4Q16

EBITDA remains stable and Capex totaled US$ 3.2 billion in 2016, 92% growth compared to 2015



Vianna New General-Director of Itaipu Binacional

He is the tenth Brazilian to command the hydro project since it was inaugurated in 1984


O&G

PETROBRAS 4Q16 EARNINGS REPORT III: New Strategy To Win Legal Battle for Disinvestment

Pedro Parente hopes that new rules negotiated with the TCU will help ease the release of assets for sale


O&G

United Kingdom Reaffirms Strategic Partnership with Brazil at Event

British Minister for Trade Greg Hands opened the UK Energy in Brazil event, which promoted the exchange of experiences between UK and Brazilian energy companies


O&G

OGPar Intends to Farm-Out Atlanta

The company wants to sell 30% of its stake in the Santos Basin deep-water field before first oil starts to flow in 2018


O&G

Weatherford in Macaé Wins API Q2 Certificate

The award is for maintaining a “robust” management system


O&G

MARKET INTELLIGENCE REPORT: Petrobras Issues International Auction To Sell Rigs

Seven shallow water drilling units are included in the package, scheduled to go on the block on May 10


O&G

Karoon: We Want To Continue Negotiating Baúna and Tartaruga Verde

Australian oil company confirms it still would like to progress the disinvestment deal with Petrobras when the legal processes are clarified