Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media about the company's Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of... Continue Reading →
Petrobras on the election of the new Executive Board
Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 02/02/2023 and 02/17/2023, informs that its Board of Directors elected as of 03/29/2023, with term of office until 04/13/2025, the following members to the Executive Board: Mr. Sergio Caetano Leite to the position of Chief Financial and Investor Relations Officer; Mr. Joelson... Continue Reading →
Prosafe participates in three tenders to get more assignments for its vessels
(OET) Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels. As the recent Petrobras tender for 450 days was cancelled, Prosafe is currently not participating in any Petrobras tenders, however, the company is engaged in three tenders. The first of these is in the... Continue Reading →
Brazil environment agency frustrates Petrobras plan to drill at the Foz do Amazonas
(Reuters) - Brazil's environmental regulator Ibama has asked oil company Petrobras (PETR4.SA) for additional information on its plan to drill at the mouth of the Amazon river before authorizing Petrobras to test its emergency oil spill response, the agency's president Rodrigo Agostinho told Reuters. The request frustrated the hopes of Petrobras to start the drilling test as... Continue Reading →
UK’s SFO Seizes More than $8M from Ex-Petrobras Employee
(Reuters) Britain’s Serious Fraud Office (SFO) can seize more than $8 million of illicit cash linked to a massive Brazilian corruption scandal involving state-run oil company Petrobras, a London court ruled on Friday. The SFO successfully applied to confiscate $7.7 million and 700,000 pounds held in the London bank account of former Petrobras employee Mario... Continue Reading →
Petrobras on the Divestment Processes
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on March 1, 2023, informs that its Executive Board has forwarded for the appreciation of the Board of Directors the following proposal for response to Letter 166/2023/GM-MME from the Ministry of Mines and Energy (MME): we carried out a preliminary study on the divestment... Continue Reading →
Report: Drilling contracting activity slows as operators take pause
(OM) Drilling contracting activity has slowed in March with only a few contracts announced so far this month, according to Evercore ISI’s latest Offshore Rig Market Snapshot. This follows a “busy” February where five drillships and four jackups secured new multi-year terms. This included a new three-year contract from Petrobras for the Valaris DS-8, which was... Continue Reading →
Ibama issues operating license for the FPSO Ana Nery
The Brazilian Institute of the Environment (Ibama) issued the operating license for the FPSO Anna Nery, which will be installed in the Marlim field, in the Campos Basin. The document is valid for eight years. The vessel has the capacity to produce up to 70,000 barrels of oil per day and process up to 4... Continue Reading →
After Delay, BW Energy Expects Closing of Petrobras’ Oil Field Acquisition in Q2 2023
Oslo-listed oil and gas company BW Energy said Thursday the process to acquire Petrobras' interests in working interest in Golfinho and Camarupim deepwater oil fields and the related FPSO from Saipem was about to resume. In June 2022, BW Energy signed an agreement to acquire 100% working interest (WI) in the Golfinho and Camarupim Clusters and 65%... Continue Reading →
Petrobras on nominations to the Board of Directors and Fiscal Council
Petróleo Brasileiro S.A. - Petrobras, following up on the press releases of 02/28/2023, 03/01/2023 and 03/08/2023, informs that it received an official letter from the Ministry of Mines and Energia (MME) presenting, in a supplementary manner, three nominations of candidates for the slate of the Federal Government, as controlling shareholder, for the eight vacancies of... Continue Reading →