Petrobras held, on Monday (December 09, 2019), the opening of the 6th "Compliance in Petrobras", at the company's headquarters in Rio de Janeiro. The meeting, held on the International Anti-Corruption Day, was an opportunity to present Petrobras' advances and challenges in combating fraud and corruption, as well as to exchange experiences with professionals specializing in... Continue Reading →
Nanotechnology: Petrobras invests in increasing oil production efficiency
Dec 10, 2019 Petrobras is developing nanotechnology solutions to increase production in its oil fields. Using nanotechnology for use in Advanced Oil Recovery may make it possible to extract more oil and gas than conventional techniques already used. The company has invested R$ 21.3 million in this technology in recent years, using financial resources from... Continue Reading →
FPSO P-70 is completed and will operate at Atapu field in Santos Basin pre-salt
Dec 10, 2019 The P-70 has left the shipyard in Qingdao, China, to travel to Brazil and will arrive at Atapu field in the first quarter of 2020. The start-up of the operation will take place after the mooring and interconnection work of the first producing well. The P-70 platform is part of the replicant... Continue Reading →
Demand for goods and services in the oil and gas sector will be well felt in the first half of 2020
December 10, 2019 In this Tuesday's edition of the Perspectives 2020 project, we invited the current president of the Brazilian Association of Petroleum Services Companies (ABESPetro), Claudio Makarovsky, to give his impressions about 2020. Despite the challenges still in place, Makarovsky sees that 2019 was better than previous years, as new FPSOs were contracted, even... Continue Reading →
Petrobras Formally Approves AFGlobal ACD
AFGlobal announced on Monday that its Active Control Device (ACD) has been approved by Petrobras for use on its wells in Brazil. This approval follows rigorous testing review at the AFGlobal’s Advanced Technology Center in Houston, the company said. “This is a pivotal milestone for AFGlobal, and we are very proud to have our technology... Continue Reading →
Petrobras apologizes to 2,000 innocent employees of the Lava Jato investigations
Dec 09, 2019 Petrobras will send letters of apology to about 2,000 employees who have been investigated for possible involvement in corruption schemes following the Lava Jato operation, state oil company president Roberto Castello Branco said on Monday. During his speech at a compliance event at the company's headquarters, the executive stressed that internal investigations... Continue Reading →
Brazil will drill massive oil find despite climate concerns: minister
Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday. Brazil’s Mines and Energy Minister Bento Albuquerque spoke on the sidelines of a climate summit underway in Madrid where UN... Continue Reading →
Petrobras completes sale of 34 onshore fields in Rio Grande do Norte
December 9, 2019 – Petróleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P S.A., a subsidiary of Petrorecôncavo S.A.... Continue Reading →
Archer wins four-year deal with Equinor in Brazil
Norway’s Equinor has awarded Archer a new four-year contract for the provision of platform drilling management services on the Peregrino field development on the Peregrino A and B platforms located offshore Brazil. Archer said on Monday that the contract is effective from December 1, 2020. The new four-year contract awarded will be in direct continuation... Continue Reading →
Brazil rates to hit new low 4.50%, but may be last cut of cycle: Reuters poll
Brazil’s central bank will lower its key interest rate to a new low of 4.50% on Wednesday, according to the unanimous view of economists in a Reuters poll, but stronger-than-expected economic data suggest this may be the last cut in the cycle. While inflation is well below the central bank’s target and widely expected to... Continue Reading →
