Rio de Janeiro, September 13, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that at a meeting held today its Board of Directors appointed Board Member Durval José Soledade Santos to compose the Minority Shareholders Committee in place of Mrs. Lavínia Rocha de Hollanda, who is no longer a member of this Committee due to... Continue Reading →
Petrobras Pension Plan (Petros): Deficit Equating Plan
Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 6/23/2016, reports that it was notified by Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Board has approved, in a meeting held today, the Deficit Equating Plan (PED) for the Petrobras System Petros Plan (PPSP).... Continue Reading →
Petrobras – Pre-payment of bank debt and new financing
Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its liability management strategy, has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US$ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously with this institution a new funding of... Continue Reading →
USE OF STEEL UMBILICALS STUMBLES ON THE TECHNOLOGY AGAINST THE HIGH CORROSION IN LIBRA
Sep 12, 2017 Petrobrás can only use steel umbilicals in the operations of the pilot in Libra. The imperative reason is the corrosive result caused by H2S and CO2 found in the oil, extremely corrosive not only for flexible risers but also for umbilicals. This will also require an adaptation of the possible suppliers,... Continue Reading →
Petrobras Day | CEO Pedro Parente | London
Please see the attached presentation delivered by Petrobras CEO, Pedro Parente, in London recently. Book-Petrobras-Day -London-2017_0
Sembcorp Marine wins further hull work on Petrobras FPSO
Offshore rig builder Sembcorp Marine has secured hull carry over works from Tupi B.V. for the FPSO P-68 Tupi project in Brazil. Sembcorp Marine said on Monday that the contract was secured through its Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), and it was worth worth about $145 million. Tupi B.V. had in 2012 awarded EJA... Continue Reading →
Petrobras – Agreement between Liquigás and CADE
Rio de Janeiro, September 08, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned subsidiary Liquigás Distribuidora S.A. (Liquigás) has entered into an agreement with the Administrative Council for Economic Defense (CADE) on 09/06/2017 to halt two administrative processes on the formation of a cartel in the Liquefied Petroleum Gas (LPG) distribution... Continue Reading →
PETROBRÁS CONCLUDES WELL AND FINDS PETROLEUM PRESENCE IN LIBRA
Petrobrás concluded a new well this week in the Libra field, in the Santos Basin pre-salt. The activity in well 3BRSA1345RJS was done by means of the West Tellus (Seadrill) drill ship in depth of 2,087 meters. The drilling began in the area in mid-February. Petrobras also notified the National Petroleum Agency of the finding... Continue Reading →
Petrobras – Divestment in the Fertilizer Sector: Disclosure of Opportunity – Teaser
Rio de Janeiro, September 11, 2017 - Petróleo Brasileiro SA - Petrobras informs that it has initiated the disclosure phase of the Teaser, regarding the process of divesting 100% of its assets in Araucária Nitrogenados SA ("ANSA") and in the Nitrogen Fertilizer Unit III ("UFN-III"). ANSA is a wholly-owned subsidiary of Petrobras, with a nitrogen... Continue Reading →
Petrobras – Memorandum of Understanding with Shell
Rio de Janeiro, September 8th, 2017 - Petróleo Brasileiro S.A. - Petrobras reports that has signed, today in Holland, a Memorandum of Understanding (MoU) with Shell Exploration Company (West) B.V., a Royal Dutch Shell subsidiary, to establish a mutual long-term collaboration, with operational focus, in assets which are already operated in partnership between the two... Continue Reading →
