Thu Jul 6, 2017 Oil production from the first rig to operate in Brazil's Libra area will not start in July as previously planned due to problems installing equipment, Ibsen Flores Lima, president of state-controlled Pré-Sal Petróleo SA, said on Thursday on the sidelines of a conference. Libra is one of the largest oil reserves... Continue Reading →
Brazil’s Petrobras halts output at P-62 platform after accident
Wed Jul 5, 2017 Petróleo Brasileiro SA halted production at its P-62 platform in the Campos basin due to an accident that left three people injured, the state-controlled oil company said on Wednesday. In a statement, Petrobras, as the company is known, said the accident happened at 8:20 a.m. local time (1120 GMT) and led... Continue Reading →
Petrobras extends Fugro’s IRM service deal
Geotechnical, survey, subsea and geosciences services provider Fugro has been awarded a further two-year contract by Petrobras for inspection, repair, and maintenance (IRM) and pipeline inspection services in Brazil. Fugro said on Tuesday that the new award followed the company’s completion of an initial 12-month contract for the oil major, after taking delivery of the... Continue Reading →
Petrobras to complete construction of Comperj in partnership with Chinese
Involved in Lava-Jato, unit work in Itaboraí has been stopped since 2014 BY RAMONA ORDOÑEZ/Globo 07/07/2017 RIO - Petrobras will conclude the construction of the Rio de Janeiro Petrochemical Complex (Comperj) in Itaboraí, in the state of Rio, in partnership with the Chinese giant CNPC, revealed executive close to the negotiations. The partnership between Petrobras... Continue Reading →
Petrobras and CNPC form a Comprehensive Strategic Alliance
Rio de Janeiro, July 4, 2017 – Petrobras' and CNPC inform that today Mr. Pedro Parente, Petrobras’s CEO, and Mr. Wang Dongjin, Vice President of CNPC and CEO of PetroChina, signed a Memorandum of Understanding (MoU) in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agree to jointly evaluate opportunities in... Continue Reading →
Brazil concludes it owes Petrobras money in ‘Transfer of Rights’ deal: source
The Brazilian government concluded it owes state oil company Petrobras money after a revaluation of stakes in offshore oil blocks known as transfer of rights areas, a government source familiar with the issue told Reuters on Friday. The government will offer to settle the debt arising from the transfer of rights contracts with Petrobras, or... Continue Reading →
Petrobras – Legal proceeding on deductibility of expenses related to Petros Plan renegotiation
Rio de Janeiro, June 30, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the market disclosure of June 1, 2017, informs that the sentence by the court of first instance published on May 19, 2017 was confirmed in its entirety on June 20, 2017, through a decision in a motion for clarification. This sentence... Continue Reading →
Liquigás sale process
Rio de Janeiro, June 30, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the material facts of 11/17/2016 and 1/31/2017, concerning the sale process of Liquigás Distribuidora S.A., a wholly-owned Petrobras subsidiary, to Companhia Ultragaz S.A., a subsidiary of Ultrapar Participações S.A., informs that the General Superintendence of the Administrative Council for Economic Defense... Continue Reading →
Pre-payment of debt and new financing with The Bank of Nova Scotia
Rio de Janeiro, June 30, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it effected today a transaction with the Canadian bank The Bank of Nova Scotia, through the pre-payment of debt in the amount of US$ 500 million, which would mature in 2019. Simultaneously, the company hired a new financing in the amount... Continue Reading →
Petrobras Executive Board approves the review of diesel and gasoline pricing policy
Rio de Janeiro, June 30, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact disclosed on October 14, 2016, reports that its Executive Board approved yesterday, the review of the pricing policy for diesel and gasoline traded at its refineries, to increase the frequency of price adjustments, which will be effective from... Continue Reading →
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