Law signed by the President this Tuesday (29 November) gives Petrobras the right, but not the obligation, to participate in exploration blocks Published:  Nov 29, 2016 09:03 PM President sanctions new pre-salt regulations during a ceremony at the Presidential Palace The new regulatory framework for the pre-salt layer will re-energize and give new impetus... Continue Reading →

Posted by Michelle Howard November 28, 2016 * Floating oil production, storage and offloading (FPSO) firm BW Offshore is bidding on contracts for the Libra 1 and Sepia oilfields offshore Brazil * CEO Carl Arnet says expects to deliver tenders to Petrobras on Libra I in December and on Sepia in January * CEO Arnet... Continue Reading →

Rio de Janeiro, November 22, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that the sale operation of the company’s stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, announced on July 29, 2016, was closed today. The deal was settled upon payment, made today by Statoil, of USD 1.25 billion,... Continue Reading →

Rio de Janeiro, November 21, 2016 - Petróleo Brasileiro S.A. – Petrobras responds to Official Letter No. 543/2016 / CVM / SEP / GEA-1 requesting clarification, as follows: Official Letter No. 543/2016/CVM/SEP/GEA-1 “Dear Officer, 1. We refer to the news published on 11.19.2016, in the Market section of Folha de São Paulo newspaper, under the... Continue Reading →

  November 21, 2016 The Navship shipyard , from Navegantes (SC), has launched another PSV for Bram Offshore. The Mr. Aldo PSV, was commissioned in January 2015 and came to receive priority from the Merchant Marine Fund in the allocation of resources. The vessel will be chartered to Petrobrás in an eight-year contract under the... Continue Reading →

Norwegian offshore vessel owner Farstad Shipping has been awarded a contract extension and several new contracts for its platform supply vessels in Brazil and Egypt. The vessel owner reported on Monday that the Brazilian oil giant Petrobras has extended the contract for the 2003-built MPSV Far Swift with another year in direct continuation with present... Continue Reading →

  Petrobras is negotiating the sale of a stake in the most coveted areas of the pre-salt - close to the mega fields  Lula and Sapinhoá - to the French group Total. The transaction is part of a strategic partnership agreement announced by the two companies in October and should also include two thermal plants... Continue Reading →

Australian player hits pause on field purchases from Brazilian state player amid court ruling   Rio de Janeiro, 21 November 2016 – Petróleo Brasileiro S.A. – Following the material fact disclosed on 10/06/2016, Petrobras informs that became aware of the existence of an action in respect of which an injunction was granted to suspend the... Continue Reading →

Petrobras will concentrate investments in Brazil over the next five years, president Pedro Parente said on Tuesday in New York, where he attended a Bradesco BBI event. "In the next five years, we will focus on Brazil," he said during a speech at the event. "We will invest outside Brazil only if it is in... Continue Reading →

Rio de Janeiro, November 11, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that its total oil and natural gas production in October was 2.81 million barrels of oil equivalent per day (boed), of which 2.68 million boed produced in Brazil and 0.12 million boed abroad. Average oil production in the country was 2.19 million... Continue Reading →