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Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets. If the deal for the Landulpho Alves refinery, also known as RLAM,... Continue Reading →
Four Saab Seaeye 3000m rated electric Leopard work vehicles have been ordered by Belov Engenharia for Petrobras operations in Brazil. “The Leopard was chosen for its compact size to power ratio,” says Belov’s Director of Operations, André Weber Carneiro. “We like the quality of Saab Seaeye products and their technical support, which is always available... Continue Reading →
Jun 24, 2020 Dommo Energia posted a negative result of R $ 397.5 million during the first quarter of this year. The loss was 874% greater compared to the same period in 2019. According to the company, the losses were increased by factors such as the incidence of PIS / Cofins on financial results (R... Continue Reading →
Rio de Janeiro, June 24, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mr. Ruy Flaks Schneider for the position of member of the company's Board of Directors. Mr. Ruy Schneider's appointment will be submitted to Petrobras' 2020 Annual General Meeting, called for... Continue Reading →
Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs. Petrobras said on Wednesday that its executive board pushed back the deadline for the agreement between the two companies from 30 June... Continue Reading →
Rio de Janeiro, June 24, 2020 – Petróleo Brasileiro S.A. – Petrobras, regarding to the news published in the media, clarifies that the date to receive the binding proposals for the divestment project of the Landulpho Alves refinery (RLAM) in Bahia is tomorrow, June 25, 2020. Facts deemed relevant on the matter and other portfolio... Continue Reading →
Brazil’s economic growth and fiscal outlook this year are shaping up to be worse than official government forecasts, making a return to austerity and reforms next year all the more pressing, Treasury Secretary Mansueto Almeida said on Wednesday. Almeida said the public sector primary deficit this year excluding interest payments could reach 800 billion reais... Continue Reading →
The US District Court of Texas has rejected a $250 million damage claim filed by Petrobras America against South Korean shipbuilder Samsung Heavy Industries (SHI). Samsung Heavy said on Monday in a stock exchange filing that the damage claim was submitted back in March 2019. Continue reading
The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms. A collapse of the offshore industry will have broad impact. Drillers and their suppliers have... Continue Reading →
Jun 23, 2020 Brazilian oil giant Petrobras has launched a quartet of tenders aimed at contracting a variety of helicopters to provide transportation services to support exploration and production efforts in the Campos and Santos Basins.
