Profit at Brazilian state-controlled oil firm Petróleo Brasileiro SA probably rose to the highest level in almost two years in the first quarter, benefiting from stringent cost-cutting and one-time gains from the $5.2 billion sale of a natural gas pipeline unit, analysts said on Tuesday. Net income at Rio de Janeiro-based Petrobras likely came in... Continue Reading →
Petrobras looks to sell Texas refinery for $200 million: Bloomberg
Brazilian state-controlled oil company Petróleo Brasileiro SA is looking to sell its refinery in Pasadena, Texas, for less than $200 million, Bloomberg News reported on Tuesday, citing two sources, far less than its purchase price. Petrobras, as the company is known, paid $1.2 billion in two installments in 2006 and 2012. Read more
Petrobras – Clarification on News: Sale model for BR Distribuidora
Rio de Janeiro, May 9, 2017 – Petróleo Brasileiro S.A. – Petrobras, in connection to the news published in the media, clarifies that there has been no decision on the sale model of BR Distribuidora by either its Executive Board or Board of Directors. The company further clarifies that it is currently analyzing whether to... Continue Reading →
Petrobras – Court ruling on the sale of equity interest in BR Distribuidora
Rio de Janeiro, May 8, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 12/5/2016, reports that it was informed today of the decision by the federal court of Sergipe state to dismiss, without prejudice, the popular interest suit aiming to suspend the sale process of equity interest in its... Continue Reading →
Offshore Technology Conference (OTC) | Francisco Costa | Manager | LIBRA Extended Well Test: Getting Ready for First Oil| Houston, EUA
See attached presentation. Francisco-Costa-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Orlando Ribeiro | General Manager | LIBRA @35: Main challenges and solutions| Houston, EUA
See attached presentation. Orlando-Ribeiro-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Osmond Coelho Jr. | General Manager | LIBRA PROJECT – Production Development Projects: NW Region| Houston, EUA
See attached presentation. Osmond-Coelho-Jr-OTC-Houston-EUA_0
Offshore Technology Conference (OTC) | Pedro Parente | CEO | Petrobras opportunities in a new oil & gas scenario | Houston, EUA
See attached presentation. Pedro-Parente-OTC-Houston-EUA_0
Brazil – New bidding rules for the production sharing regime
Rio de Janeiro, May 3, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that Decree 9.041/2017 entered in force yesterday, regulating Law 12.351/2010, on Petrobras’ preferential rights to act as operator in consortium for the exploration and production of blocks under the production sharing regime. In its original wording, Law 12.351/2010 defined Petrobras as the... Continue Reading →
Sale Process of BM-S-8 (CARCARA) Exploration Block
Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 04/17/2017, reports that the President of the Federal Regional Court of the 5th Region suspended today the injunction ordering to interrupt the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil... Continue Reading →
Brazil Energy Insight 