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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 1, 2015, informs that it has returned to the membership of the Brazilian Institute of Corporate Governance (IBGC). Petrobras was a member of IBGC from 2002 to 2015 and its return to the membership was possible due to several improvements and governance... Continue Reading →
Petróleo Brasileiro SA – Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive prices... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro said on Monday that dealing with high fuel prices in the country is his top priority right now, adding that he sees the privatization of state-run oil company Petrobras (PETR4.SA) as an "ideal" move. Bolsonaro told reporters during a visit to Anguillara Veneta, in Italy, that he was "unofficially" told that... Continue Reading →
(Reuters) - Executives at Brazil's Petrobras (PETR4.SA) on Friday effectively brushed aside suggestions that the company was too profitable and should lower its fuel prices, telling analysts that it had no plans subsidize consumers at the pump. Claudio Mastella, the company's logistics chief, said on a call to discuss Petrobras' third-quarter financial results that the firm continues... Continue Reading →
OneSubsea, a Schlumberger company based in Houston, Texas, United States, has signed a contract with Petrobras for subsea services in fields off the coast of Brazil, including inspection, maintenance, repairs, upgrades and parts supply, as well as installation services and commissioning. The contract is worth over US$200 million. The agreement includes a market differential by... Continue Reading →
(PetroNoticias) Vaccination against covid-19 is advancing around the world, but the effects of the pandemic still reverberate in some economic activities. In the case of Petrobras, for example, the company is evaluating possible effects of the pandemic on the works of the FPSO Almirante Barroso, which will be installed in the Buzios field. “In relation... Continue Reading →
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes. We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last... Continue Reading →
Petrobras won extra time from the National Petroleum Agency (ANP) to present the declarations of commercial viability for the discoveries of Farfan (BM-SEAL-4), Barra (BM-SEAL-10) and Moita Bonita (BM-SEAL-11) , in the Sergipe-Alagoas basin. The new deadline given to the company will be valid until December 30 of this year. To the ANP, Petrobras said... Continue Reading →
Solstad Offshore has secured a contract for its construction support vessel (CSV) Normand Samson in South America. The company did not reveal information about the client but did say that the vessel was chartered by a major oil service company. Under the contract, CSV Normand Samson will be utilized on a field development project for a period of minimum... Continue Reading →
In 3Q21, Petrobras posted excellent operating and financial results. According to CEO Joaquim Silva e Luna, “It is with great honor that I share with you the results achieved. We reached our debt target much earlier than planned and we are sharing part of the wealth generated with society and our shareholders through taxes, dividends,... Continue Reading →
Brazil Energy Insight 