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Rio de Janeiro, November 30, 2017 – Petróleo Brasileiro S.A. – Petrobras, as the Operator and acting on behalf of the Libra Consortium, announces that today it submitted the declaration of commerciality to the Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) regarding the oil accumulation located in the northwestern portion of Libra block,... Continue Reading →
SBM Offshore USA, a subsidiary of world’s largest FPSO provider SBM Offshore, has pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursday that the Dutch FPSO specialist SBM Offshore would pay... Continue Reading →
French oil company Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The Libra project is operated by Brazil’s Petrobras. First oil is flowing into the Pioneiro de Libra FPSO, chartered by Petrobras from Teekay and Odeberecht consortium.... Continue Reading →
The board of directors of Petrobras is composed of the chairman and seven executive officers, elected by the Board of Directors. The directors must be Brazilian residents and have a unified management term that cannot be more than two years, with a maximum of three consecutive reelections permitted, and may be dismissed at any time.... Continue Reading →
Rio de Janeiro, November 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, persuant to the press releases disclosed on 06/30/2017 and 08/28/2017, related to the analysis of the sale of Liquigás Distribuidora SA, a wholly owned subsidiary of Petrobras, to Companhia Ultragaz SA, informs that the Administrative Council for Economic Defense ("CADE") extended the period... Continue Reading →
Rio de Janeiro, November 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact of 05/15/2017 and Press Release of 06/19/2017, informs that it has signed, today, with the company ENEVA SA, through its subsidiary Parnaíba Gás Natural SA, the contract for the assignment of the totality of its participation in the... Continue Reading →
Rio de Janeiro, November 22, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Facts disclosed on 09/28/2017 and 10/16/2017, reports that it filed with the Securities and Exchange Commission of Brazil ("CVM") documents related to the secondary public offering of common shares issued by BR (“Offer”), in compliance with CVM’s requirements. The... Continue Reading →
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/7/2017, informs the start of the non-binding phase related to the divestment process of 100% equity interest of Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project, stakeholders who have signed the Confidentiality... Continue Reading →
Petrobras will launch bids for three new oil rig platforms in 2018. Petrobras president Pedro Parente reported that he has already begun the bidding process to contract a platform (FPSO) for the Búzios field in the pre -salt. In addition, two more bids will be made: one for the revitalization of the Marlim field... Continue Reading →
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has raised yesterday funds with a syndicate of commercial banks led by Standard Chartered, in the amount of US$ 1 billion. In addition to Standard Chartered, the syndicate consists of China Construction Bank, ABN AMRO Bank, Industrial and Commercial Bank... Continue Reading →
Brazil Energy Insight 