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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.
NEWS |
Petrobras sells majority stake in Brazilian pipeline operator TAG for $8.6bn
Petrobras has completed the sale of majority stake in Brazilian pipeline operator Transportadora Associada de Gás (TAG) to a consortium of Brazilin power producer Engie and Caisse de dépôt et placemen (...)
NEWS |
SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras
SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at (...)
NEWS |
McDermott awarded EPCI contract by Petrobras for Sepia Field Project
McDermott International, Inc. has announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first p (...)
NEWS |
Petrobras plan to end refining monopoly in Brazil comes with caveats
Brazil’s Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some $15 billion.
NEWS |
Chevron acquires Petrobras refinery for $350m
Chevron USA, a wholly owned subsidiary of Chevron Corporation, said that it has completed the acquisition from Petrobras America of all the outstanding stake of Pasadena Refining System and PRSI Tradi (...)
NEWS |
Petrobras to record $326 mln writedown due to rig dispute
Brazilian state-run oil firm Petroleo Brasileiro SA will record a 1.3 billion-real ($326 million) provision in its first-quarter results due to an ongoing dispute with a bankrupt rig lessor, it said o (...)
NEWS |
Petrobras agrees to sell gas unit to Engie for $8.6 billion
A consortium led by France’s Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil’s Petroleo Brasileiro SA, the state-run oil firm said, as the company’s biggest divestme (...)
NEWS |
DOF Subsea and TechnipFMC announce commencement of contract with Petrobras
DOF Subsea (DOF) and TechnipFMC announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between DOF (50%) and TechnipFMC (50%), has (...)
NEWS |
Oil leaked from Petrobras P-58 platform off Brazil -company
An estimated 188 cubic meters of oil leaked from Petroleo Brasileiro’s offshore P-58 platform in the early hours of Saturday, the Brazilian state-run oil company said.
NEWS |
Petrobras starts production at P-76 platform in Buzios field
Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday it had started oil and gas production at the P-76 platform, located in the Buzios field within the pre-salt region of Bacia de S (...)
NEWS |
DOF, TechnipFMC’s Skandi Olinda vessel begins Petrobras charter contract
DOF Subsea and TechnipFMC said that their Skandi Olinda vessel has commenced its eight-year charter contract with Petróleo Brasileiro (Petrobras) in Brazilian waters.
NEWS |
Global Subsea Industry: 2019 Trends
The global subsea market benefited from the recovery in the offshore oil and gas industry in 2018.
NEWS |
Petrobras has published its 2018 oil, natural gas production
Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad.
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