Lack of investments, however, should increase dependence on imports of derivatives RIO - Brazil has risen another step in the ranking of the ten largest oil producing countries in the world. The country is in 9th place with an average production of 3.2 million barrels of oil (oil and gas) per day, representing 3%... Continue Reading →

  Rio de Janeiro, June 18, 2018 - Petróleo Brasileiro SA - Petrobras, following the announcements released on 04/27/2018 and 05/23/2018 regarding the Refining Partnerships processes, informs that, in response to requests from interested parties Partnerships in Refining, extended the deadline for signing Confidentiality Agreements and other documents foreseen in the Opportunity Disclosure (Teaser) for... Continue Reading →

  Rio de Janeiro, June 18, 2018 - Petróleo Brasileiro SA - Petrobras, following the Relevant Fact of 09/22/2017 and Notice to the Market of 03/02/2018, announces the beginning of the binding phase of the assignment processes (Polo Fazenda Belém, Polo Macau, Polo Sergipe Terra 1 and Polo Sergipe Terra 3), located in the states... Continue Reading →

Rio de Janeiro, June 15, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in May, its total production of oil and gas, including natural gas liquids (NGL), was 2.67 million barrels of oil equivalent per day (boed), with 2.57 million boed produced in Brazil and 96 thousand boed produced abroad. Total production operated by... Continue Reading →

Rio de Janeiro, June 15, 2018 - Petróleo Brasileiro S.A.- Petrobras informs that yesterday it concluded the sale of 25% of its interest in the Roncador field to Equinor (formerly Statoil), achieving an important milestone in the strategic partnership between the two companies, as disclosed on 12/18/2017. Petrobras remains the operator of the field, with... Continue Reading →

Rio de Janeiro, June 15, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that yesterday it received correspondence from Odebrecht S.A., controlling shareholder of Braskem S.A., in which it communicates that it has initiated negotiations with LyondellBasell, a publicly-held company headquartered in Rotterdam, for a potential transaction involving the transfer of Odebrecht’s  entire interest in... Continue Reading →

06/15/2018 09:59 Braskem announced on Friday (15) that its parent company, Odebrecht SA, has begun negotiations to sell its entire stake in the petrochemical company to Dutch company LyondellBasell. According to the relevant fact disclosed by the company to the market, "the negotiations are in a preliminary stage and LyondellBasell was granted exclusivity in the... Continue Reading →

Dutch offshore services provider Fugro has been hired to provide remotely operated vehicle (ROV) services to support Petrobras’ exploration and production activities in Brazil. Fugro said on Thursday the two new contracts will see Fugro’s ROV spread working round-the-clock to support drilling-related activities, such as towing, mooring, commissioning and de-commissioning, and positioning of production and... Continue Reading →