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NEWS | Fugro wins three long-term ROV services contracts with Petrobras in Brazil

In partnership with Solstad and Oceanpact, Fugro has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazi (...)

NEWS | TechnipFMC wins Subsea EPCI for the Libra Consortium’s Mero 2 Project, operated by Petrobras in Brazil

TechnipFMC has been awarded a large(1) contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras...

NEWS | Petrobras starts tender for three new FPSOs for Buzios field

Brazilian state- owned oil company Petroleo Brasileiro (Petrobras) is moving forward in the development of the Buzios field with the start of contracting process for the three new floating production (...)

NEWS | Karoon Energy signs revised deal for acquiring Baúna field from Petrobras

Australia-based Karoon Energy has reached an agreement with Petróleo Brasileiro (Petrobras) for amending the payment terms of their previously announced $665m deal for the former’s acquisition of the (...)

NEWS | Brazil's offshore oil workers chilled by coronavirus outbreaks

On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.

NEWS | Saipem bags $325 million through new pre-salt job with Petrobras

Oilfield services provider Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.

NEWS | Petrobras kicks off production from Atapu field off Brazil

Petrobras has started the production of oil and natural gas from the shared deposit of Atapu, through P-70 FPSO, located in the eastern portion of the Santos Basin pre-salt, near the Búzios field offs (...)

NEWS | Petrobras Hibernates 62 Platforms

Petrobras revealed Wednesday that it has begun hibernating 62 platforms in shallow water fields in the Campos, Sergipe, Potiguar and Ceara basins offshore Brazil.

NEWS | Petrobras cuts output, postpones dividend in face of coronavirus

Brazil’s state-run oil firm Petrobras announced a series of cost-cutting measures on Thursday in response to the economic fallout from the coronavirus pandemic, reducing production, idling some platfo (...)

NEWS | Chevron, Petrobras plan to sell deepwater Brazilian field

Chevron and Brazil's state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America's largest country as they both seek to sell assets to cut costs (...)

NEWS | Brazil's Petrobras to sell stakes in wind farms - filing

Brazil’s state-run oil company Petroleo Brasileiro has launched the sale of stakes in wind farms Eólica Mangue Seco 1 and Eólica Mangue Seco 2, according to a securities filing on Friday.

NEWS | What Petrobras’ waning monopoly means for Brazilian oil and gas

Brazil is one of the largest economies in Latin America, ranking ninth-largest in the world in terms of GDP. But its emerging economy is still overcoming years of corruption, as exemplified by the cha (...)

NEWS | Buzios and other pre-salt projects will cement Petrobras’ dominant position in South America, says GlobalData

With Buzios excess area now successfully awarded, Petrobras will practically have two contracts for the complete Buzios area: one for oil originally contracted to Petrobras under the Transfer of Right (...)

NEWS | Norway wealth fund removes Petrobras from its watchlist

Norway’s $1 trillion (779.4 billion pounds) sovereign wealth fund has removed Brazilian oil firm Petrobras from a watchlist of firms that could be dropped as investments due to ethical concerns, the c (...)

NEWS | Rystad: Brazil offshore to make Petrobras leading oil producer by 2030

State-controlled Petroleo Brasileiro S.A. (Petrobras) did most of the bidding during Brazil’s largest-ever auction of oil deposits in November. With oil major interest low, Petrobras gained nearly ful (...)

NEWS | Petrobras set to become world’s largest oil producer

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.

NEWS | Petrobras, Brazil's government near oil marketing deal - official

Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading op (...)

NEWS | Petrobras’ P-68 FPSO heads towards Berbigão and Sururu fields, Brazil

Petrobras said that the P-68 floating, production, storage and offloading unit of oil and gas (P-68 FPSO) platform is heading towards its destination in the Santos Basin pre-salt cluster at the Berbig (...)

NEWS | Weatherford signs $87m contract With Petrobras

Weatherford International plc (the “Company” or “Weatherford”), announced the signing of an $87 million contract for fishing and intervention services with Petroleo Brasileiro S.A., which is more comm (...)

NEWS | Petrobras unit head removed amid bribery allegations

The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras has been removed, the company told Reuters on Thursday, after a middleman in a graft scheme implicated him in p (...)

NEWS | Petrobras contract penalties swing Vantage Drilling to profit

Vantage Drilling reported net income of $590.7 million for the second quarter of 2019, thanks to payments of more than $700 million by Petrobras for terminating drilling vessel contracts.

NEWS | Brazilian oil giant Petrobras exits renewables business

Brazil's state-controlled oil company Petrobras will scrap plans to invest in renewable energy projects, but says it will continue research and development projects in the field, according to chief ex (...)

NEWS | Petrobras signs contracts to sell offshore fields for $1.5bn

Brazilian company Petrobras has signed two contracts for the sale of shallow-water oilfields in Campos and Santos Basins for $1.5bn.

NEWS | Libra consortium greenlights Mero Phase 2

Petrobras and its partners have taken an investment decision for the second phase of the Mero project in the ultra-deepwater Libra block in the presalt Santos basin offshore Brazil.

NEWS | Vantage Drilling banks $700m from arbitration with Petrobras

US drilling service provider Vantage Drilling has announced Petrobras has paid the company $700.9m in total to satisfy an arbitration award between them.
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