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Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the Magnetic Drive System (MDS) project by DeepStar, a global offshore research and development consortium. The new phase, based on the successful completion of a design study last year,... 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 →
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
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.
Jun 22, 2020 Petrobras and Porto de Açu reached a new agreement to double the volume of oil handled by the state company at the terminal. With the agreement, the oil company will be able to transport up to 100 million barrels while the contract is in force, until March 2021. Last year, Açu... Continue Reading →
Jun 22, 2020 The Brazilian Institute of the Environment (Ibama) granted the Operation License for the platform vessel P-70, from Petrobras. The unit will be installed in the Atapu field, in the Santos Basin pre-salt. The document will be valid for four years. The P-70 will have the capacity to process 150,000 barrels of oil... Continue Reading →
Jun 19, 2020 The Board of Directors of Petróleo Brasileiro S.A. – Petrobras convenes the Annual General Shareholders Meeting to be held on July 22, 2020, at 3 p.m, exclusively by digital format, pursuant to Article 4, Paragraph 2, Item I and Article 21-C, Paragraphs 2 and 3 of CVM Instruction 481, of December 17, 2009 (“CVM Instruction 481”), via the Digital Platform... Continue Reading →
Jun 19, 2020 3R Petroleum plans to invest US $ 200 million over the life cycle of the Polo Macau fields - a cluster of assets purchased from Petrobras in the Potiguar Basin, Rio Grande do Norte. - In a live interview with epbr, CEO Ricardo Savini, explained that the pandemic forced the company to... Continue Reading →
Brazil Energy Insight 