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 →
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 →
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 →
Petrobras advances in negotiations with CNPC for the Comperj refinery
Dec 9, 2019 Petrobras has completed a feasibility study with Chinese oil company CNPC on refining operations at the Comperj refinery in Itaboraí (RJ), said the Petrobras executive director of refining and natural gas Anelise Lara. The executive added that Petrobras is seeking to recover a volume of gas from an existing contract to import... Continue Reading →
Petrobras on the lease of the LNG Regasification Terminal of Bahia
December 9, 2019 Petróleo Brasileiro S.A. – Petrobras, in accordance with them commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the company... Continue Reading →
Petrobras seeks swift sale of Braskem, smoother offshore auction process
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company’s stake in petrochemical company Braskem SA within a year. At the London leg of an international investor roadshow, top Petrobras officials presented plans to sell tens of billions of dollars in assets to reduce... Continue Reading →
Petrobras CEO Says Too Early to Make Carbon Commitment
Dec 6, 2019 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter. Asked if the firm would match a pledge similar to Spanish energy group Repsol's this week... Continue Reading →
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