Brazil's state-controlled oil company Petroleo Brasileiro SA said on Thursday it would raise refinery prices for diesel by 4.3 percent and for gasoline by 2.2 percent on average, starting on Friday. Petrobras, as the company is known, said in a securities filing that a rise in global prices had more than offset a stronger local... Continue Reading →
Siem Helix 1 Commences Operations in Brazil – Press Release
April 19, 2017 05:00 PM Eastern Daylight Time HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that the Siem Helix 1 has commenced operations offshore Brazil and is on contract for Petroleo Brasileiro S.A. The vessel will be performing well intervention services under a multi-year contract with Petrobras. We have agreed with... Continue Reading →
TechnipFMC and DOF Subsea announce the delivery of Skandi Búzios and commencement of contract with Petrobras
TechnipFMC (NYSE and Euronext: FTI) and DOF Subsea (DOF) announce that the Skandi Búzios, a pipelay support vessel (PLSV) owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13th, 2017. Skandi Búzios is the sistership of the Skandi Açu, which... Continue Reading →
Petrobras opposes Brazil plan to boost biofuels after selloff
Brazil's state-controlled oil company Petróleo Brasileiro SA has expressed strong opposition to a government-led program to increase the use of biofuels following its recent decision to completely withdraw from the sector. In a document the energy ministry posted on its website, the company known as Petrobras said it was worried about the impact of more... Continue Reading →
Sale Process of BM-S-8 Exploration Block, CARCARA
Rio de Janeiro, April 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that became aware today of the decision by the 2nd Federal District Court (Sergipe state) that granted an injunction to suspend the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil Óleo e Gás Ltda. and the... Continue Reading →
Bradesco’s 4th Brazil Investment Forum – Petrobras Presentation
Presentation by Pedro Parente, CEO, Petrobras Turns Around petrobras turn arounf P Parente
Petrobras says eased Brazil content rules could boost revenue
Wed Apr 12, 2017 The logo of state-run oil company Petrobras is pictured in the company headquarters in Vitoria, Espirito Santo, Brazil, February 10, 2017. REUTERS/Paulo Whitaker Changes to water down strict local content rules on equipment to extract deep sea oil could help Brazil's government earn 31 billion reais ($9.9 billion) worth of royalties... Continue Reading →
Petrobras Production of oil and natural gas in March
Rio de Janeiro, April 13,2017 - Petróleo Brasileiro S.A. - Petrobras informs that its total production of oil and natural gas in March was 2.74 million barrels of oil equivalent per day (boed), of which, 2.61 million boed produced in Brazil and 130,000 boed produced abroad. Average oil production in the country was 2.12... Continue Reading →
Petrobras – Moody’s upgrades Petrobras’ rating
Rio de Janeiro, April 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Moody’s upgraded the company’s corporate debt rating to B1 from B2 and changed the outlook to positive from stable. Moody’s highlighted the continuous improvement of Petrobras’ liquidity profile and financial metrics over the last quarters on its report,... Continue Reading →
Brazil to get data for revision of large Petrobras contract in May
Brazil's oil industry regulator ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho said on Monday. The contract, through which the government exchanged in 2010 exploratory rights over some oil areas in its coast for... Continue Reading →
Brazil Energy Insight 