Rio de Janeiro, August 15, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in July was 2.74 million barrels of oil equivalent per day (boed), 2.63 million boed of which produced in Brazil and 114 thousand boed produced abroad. The average oil production in the country was... Continue Reading →
JUSTICE GRANTS THE POSSESSION OF DRILLSHIP VICTORY 10,000 TO PETROBRÁS
August 14, 2017 Petrobras won the lawsuit against the injunction of Schahin Engenharia and Deep Black Drilling, both in judicial recovery. The 5th Federal Court of Brasilia revoked a precautionary measure and dismissed the request for injunction against an act of Petrobras' directors that determined the termination of a lease agreement with the resumption... Continue Reading →
Petrobras – Sale of Assets in Paraguay: Start of the non-binding phase
Rio de Janeiro, August 14, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 7/7/2017, informs the start of the non-binding phase regarding the sale process of its assets in Paraguay. At this stage of the project, the descriptive memorandum is sent to interested parties qualified in the previous phase,... Continue Reading →
PETROBRAS HAS CHOSEN THE COMPANIES THAT WILL DO THE MAINTENANCE OF THEIR PLATFORMS IN THE PLACE OF UTC
August, 2017 Petrobras acted fast and has already chosen the companies that will replace UTC in the maintenance work of platforms in the Campos Basin. The winners were G & E, Actmium, VINCI Energies Group and CSE, which had 70% of the company bought by Aker Solutions. What was only UTC was divided into... Continue Reading →
PETROBRAS SECOND QUARTER OF 2017 RESULTS
Rio de Janeiro - August 10, 2017 - SECOND QUARTER OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 4,765 billion Production 2.791 Mbbl/d Adjusted EBITDA R$ 44,348 million Main financial highlights Net Income of R$ 4,765 million... Continue Reading →
Petrobras misses estimates on higher taxes; EBITDA slumps/2Q 2017
Petróleo Brasileiro SA missed second-quarter profit estimates by a large margin after joining a tax refinancing program, putting the brakes on efforts by Brazil's state-controlled oil producer to cut the largest debt burden among major global oil firms. Net income came in at 316 million reais ($99.54 million) last quarter, down from 4.449 billion reais... Continue Reading →
Petrobras – Accumulation Discovery in the Pre-Salt Layer of Campos Basin
Rio de Janeiro, August 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports the discovery of oil accumulation in the Campos Basin’s pre-salt layer, in the area of Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area. The discovery occurred during drilling of well... Continue Reading →
Brazil authorizes Petrobras to export idle LNG cargoes
Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette. According to the text, Petrobras has been given the green light to export up to 6.6 million cubic meters, assuming this would not result in supply problems for... Continue Reading →
Petrobras CEO: Pre-salt oil extraction costs $8 per barrel
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event in Sao Paulo on Tuesday. Discovered only 10 years ago, the pre-salt area has rapidly become the top priority for Petrobras and other oil majors holding exploration rights to some... Continue Reading →
Petrobras obtains Certification in the Corporate Governance Program for State-Owned Companies
Rio de Janeiro, August 8, 2017 – Petróleo Brasileiro S.A. – Pursuant to the material fact disclosed on June 5th, 2017, Petrobras informs that it has received the certification in the Corporate Governance Program for State-Owned Companies, granted by B3 (former BM&FBovespa). Petrobras has complied with all the compulsory measures of the Program and obtained... Continue Reading →
Brazil Energy Insight 