Oct 02, 2019 Weatherford has signed a contract with Petrobras to supply the oil company with 24 deepwater safety valves. Lasting four years, the deal involves equipment capable of withstanding pressures up to 10,000 psi and water depths up to 3,658 m. Operating in 80 countries, Weatherford provides solutions, technology and services to the oil... Continue Reading →
Petrobras on Collective Bargaining Agreement
October 1, 2019 Petróleo Brasileiro S.A. – Petrobras informs that since May 2019 has been negotiating with unions to reach an understanding on the 2019-2020 Collective Bargaining Agreement (“ACT”). After more than 20 meetings between representatives of Petrobras and the union, with the submission by the company of three proposals that were not accepted, Petrobras... Continue Reading →
Petrobras installed the largest flare tower in Brazil, 156 meters high
30 Sept, 2019 With 424 tons of steel and 156 meters high. If it were a building, it would be one of the tallest in the country. The new flare (torch) tower at the Natural Gas Processing Unit (NGPU), was installed in partnership with MIP Engenharia in the Integrated Route 3 Project, under construction in... Continue Reading →
Petrobras announces second attempt to auction Vitoria drillship
Oct 01, 2019 Petrobras announces the International Auction of the drillship Vitória (NS-30). The bidding will be held on the electronic portal on 10/30/2019, at 10am. Consultation of the notice and addenda containing the rules and requirements for the processing of the Electronic International Auction will be made at the portal http://www.petronect.com.br. Visit: http://www.in.gov.br/web/dou/-/aviso-de-licitacao-leilao-eletronico-n-5900.003.2019-219201151
Modec to define shipyards to Buzios V
Oct 01, 2019 Modec will define, in the coming months, the shipyards from abroad and from Brazil that will work on the Buzios FPSO, which will operate for Petrobras in the Santos cluster in 2021. The project should follow the company's previous platform construction model, with hull conversion in Asia and part of module manufacturing... Continue Reading →
Petrobras signs contracts for sale of onshore fields in the Potiguar Basin
September 30, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with the company Central Resources do Brasil Produção de Petróleo Ltda. contracts for the sale of all its stake in the onshore fields of Ponta do Mel and Redonda, located in the state of Rio Grande do Norte. The sale amount is... Continue Reading →
Petrobras releases teaser for sale of E&P assets in the Recôncavo Basin
September 30, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser) regarding the sale of the totality of its interests in eight onshore exploratory blocks located in the Recôncavo Basin, State of Bahia. The attached Teaser, which contains key asset information and eligibility criteria for selection of potential... Continue Reading →
Petrobras accelerates exit from Uruguay
Sept 30, 2019 Petrobras is close to considering its departure from MontevideoGas, the natural gas distributor of the Uruguayan capital. The oil company must complete within two weeks the due diligence of the company's financial statements and define the value and conditions of the business. The projection is for the sale to be completed within... Continue Reading →
Decommissioning Winning Bidder Disqualified
Sept 30, 2019 Best placed in Petrobras' bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin, EPIC Applied Technologies was disqualified. According to sources, the decision of the oil company was motivated by the fact that the US group EPIC Companies - of which the company... Continue Reading →
Petrobras To Reduce Mountain Of Debt, To Focus On Deepwater Oil
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports. Instead, Petrobras will focus on two things... Continue Reading →