Category: Brazil

Petrobras and Curtiss-Wright have entered into a partnership for a new subsea pumping system intended for higher reliability and profitability

To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will reduce vessel costs, enable production through long... Continue Reading →

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Vallourec Reels In Major Petrobras Contract for Tubes and Services Supply

(OE) France-based tubular solutions supplier Vallourec has secured a contract to supply Petrobras with carbon steel tubes and accessories to be used in various offshore development wells, mainly off the Brazilian coastline. Vallourec will supply 1,800 tonnes of carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), together with the associated corrosion resistant alloy... Continue Reading →

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Moodys confirms Petrobras’ credit rating

Petróleo Brasileiro S.A. - Petrobras informs that Moodys rating agency has reaffirmed its credit rating at "Ba1", one notch above the country, with a stable outlook. The stand-alone credit rating was also reaffirmed at "Ba1", reflecting the company's credit metrics and its positive track record of operational and financial improvement. The rating also reflects Moody's... Continue Reading →

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Petrobras and Sinosure sign memorandum of understanding

Petróleo Brasileiro S.A. - Petrobras informs that it signed today a Memorandum of Understanding (MoU) with the Chinese Export Credit Agency, Sinosure. The agreement aims to evaluate investment and cooperation opportunities in low-carbon and green finance initiatives; to strengthen Petrobras' supply chain; and to increase and facilitate trade and financial exchanges between Petrobras and Chinese... Continue Reading →

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Petrobras drills new well in the Jubarte field

(PN) Petrobras is intensifying its exploratory work in the Campos Basin. The company recently started drilling well 4-BRSA-1392D-ESS, in the Jubarte field, in a water depth of 968 meters. The activity is being carried out with the Brava Star drillship, from Constellation. The new well is classified as Adjacent Pioneer Exploration, which is drilled to... Continue Reading →

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