It is not every day that a company, even of the size of Petrobras, closes a contract of almost R $ 2 billion, as was the case of the construction of the Comperj Gas Unit. Proof of this is that of the company's nearly 36,000 active contracts, 101 are worth more than the deal... Continue Reading →

  Petroserv's semi-submersible Catarina contracted by Shell for 60 days to carry out an intervention campaign in the Campos Basin will arrive in Brazil next week. The unit is expected in Brazilian waters possibly between April 22/23 and work is expected to begin in May. The contract may be extended for up to 21 days.... Continue Reading →

Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board. If his name is approved at an April 26 meeting of shareholders, Parente will resign from the board... Continue Reading →

The public prosecutor’s office in the northern state of Amapá recommended on Wednesday that Brazil’s environmental regulator Ibama deny French major Total a license to drill for oil near the mouth of the Amazon. The office said in a statement the company’s environmental impact study was insufficient and warned that drilling in the area could... Continue Reading →

Rio de Janeiro, April 19, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in order to support its final proposal regarding partnerships in the refining segment, today, it will hold a seminar with the participation of the Ministry of Mines and Energy (MME), the National Petroleum Agency (ANP), the Brazilian Institute of Petroleum, Natural... Continue Reading →

  Rio de Janeiro, April 18, 2018 - Petróleo Brasileiro SA - Petrobras, regarding unofficial information about the appointment of Mr. Pedro Parente to the chairmanship of another public company's board of directors, clarifies that there will be no change in the exercise of his function as President of this company. Mr. Pedro Parente is... Continue Reading →

  April 17, 2018 Petrobras production is expected to reach 2.7 million barrels by 2021, when the Roncador field will account for 8.3% of that volume, followed by Búzios III and Búzios I, with 5.9% and 5% , respectively. The data are part of a survey presented by the company GlobalData. The average production of... Continue Reading →

The Petrobras-government tussle A deal between the state-run firm and the Brazilian government could lead to a mega bidding round Brazil has billions of barrels of oil it has to figure out what to do with. The government and state-owned Petrobras are locked in negotiations over the fate of as much as 15bn barrels of... Continue Reading →

Rio de Janeiro, April 18, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that today it will file its 2017 Form 20-F with the U.S. Securities and Exchange Commission (SEC), for the year ended December 31, 2017. Form 20-F is SEC requirement and must be filed annually by foreign issuers with shares traded on US... Continue Reading →