By Ramona Ordoñez / Bruno Rosa - Globo 10/07/2017 RIO - The contraction of Petrobras' investments in the last three years has hit Rio de Janeiro, the country's largest oil producer and where the largest number of companies in the sector are concentrated. But after reaching the bottom of the well, projects in the area... Continue Reading →
Solstad Farstad’s anchor handler to do more work for Petrobras
Norway’s newly-formed OSV provider, Solstad Farstad, has been awarded a contract for one of its anchor handling tug supply vessels (AHTS) by Brazilian oil major Petrobras. According to the vessel owner’s Friday Oslo Stock Exchange filing, Petrobras awarded Solstad Farstad a one-year contract of for the AHTS BOS Turquesa. Solstad Farstad said that the contract... Continue Reading →
The Federal Court of Appeals in New York grants in part the appeal by Petrobras related to the class action
Rio de Janeiro, July 7, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that today the United States Court of Appeals for the Second Circuit (“Second Circuit”) vacated the District Court’s class certification order and remanded the matter for further proceedings. The Second Circuit granted the Company's appeal in part, reversing some aspects of the... Continue Reading →
Pre-salt auction may have ExxonMobil, Petronas, Saudi Aramco and Gazprom in dispute of the areas
06/07/2017 | According to foreign analysts, the increase in production and the high level of productivity of Brazil's pre-salt oil blocks are expected to help the government attract investments from major international operators in the upcoming October oil auctions. US ExxonMobil, Malaysia's Petronas, and Russia's Rosneft and Gazprom should come with everything. Exxon, the world's... Continue Reading →
Petrobras – Sale of Assets in Paraguay: Disclosure of the Teaser
Rio de Janeiro, July 7, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the disclosure phase of the Teaser for the sale of its assets in Paraguay. The company’s objective in this project is to sell its full equity stake in the following companies: Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras... Continue Reading →
Petrobras – Sale of Rights to Maromba Field in Campos Basin: Disclosure of the Teaser
Rio de Janeiro, July 6, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the disclosure phase of the Teaser for the full sale of its stake in the Maromba Field, in the Campos Basin. In this project, Petrobras, which is the operator with 70% stake, and Chevron Brasil Petróleo Ltda., which... Continue Reading →
Brazil’s Petrobras puts all its Paraguay operations for sale
Fri Jul 7, 2017 | 8:01am EDT The logo of Brazil's state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker Brazilian state-controlled oil company Petróleo Brasileiro SA (PETR4.SA) disclosed on Friday the initial terms for a plan to sell the entirety of its... Continue Reading →
Petrobras to sell stake at Maromba oil field, in Campos basin
Brazil's oil company Petróleo Brasileiro SA (PETR4.SA) disclosed on Thursday initial terms for a plan to sell its 70-percent stake in the Maromba oil field, at Campos basin, according to a securities filing. Petrobras, as the firm is known, said its partner in the field, Chevron Corp (CVX.N), will also sell its 30-percent stake in... Continue Reading →
Brazil says oil production at Libra to be delayed
Thu Jul 6, 2017 Oil production from the first rig to operate in Brazil's Libra area will not start in July as previously planned due to problems installing equipment, Ibsen Flores Lima, president of state-controlled Pré-Sal Petróleo SA, said on Thursday on the sidelines of a conference. Libra is one of the largest oil reserves... Continue Reading →
Offshore rig market shakeup will be like nothing we’ve seen before
Within a reasonable timeframe, rig dayrates, especially for deepwater drilling rigs, won’t increase from current cash break-even levels. Rig asset values are at less than 50% of build cost for most rigs (midwater harsh environment semisubs are the only real exception). Owners such as Seadrill and Pacific Drilling have outstanding debt which exceeds asset values... Continue Reading →
