The relationship between Petrobras and Total could not be better. They are already discussing new investments under their MOU Agreement announced at the end of last year, in the order of US $ 2.2 billion. The additional contributions would mainly be in the Libra field where the overall cost estimates have already fallen by... Continue Reading →
Clarification on News: Delays in platforms built in Brazil
Rio de Janeiro, February 15, 2017 - Petróleo Brasileiro S.A. - Petrobras hereby responds to Official Letter 182/2017-SAE which requests clarification, as follows: Official Letter no. 182/2017-SAE “Dear Sirs, A news article published on the Blog website Ancelmo.com on 02/12/2017 states, among other information, that Petrobras estimates that losses with delays in the platforms built... Continue Reading →
MAMMOET CONCLUDES THE INTEGRATION OF THE P-76 MODULES
Mammoet has successfully completed the process of weighing, transporting and lifting the modules of the P-76 FPSO platform for the Technip-Techint consortium at the Techint Offshore Unit in Pontal do Paraná - Brazil. FOR THIS JOB MAMMOET DEPLOYED ITS PTC 200 DS CRANE, ONE OF THE LARGEST CRANES IN THE WORLD The consortium was contracted... Continue Reading →
Petrobras Clarification on News: Arbitration and legal proceedings – Sete Brasil
Rio de Janeiro, February 13, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 83/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 83/2017/CVM/SEP/GEA-1 “Dear Officer, 1. I refer to the article published by O Globo newspaper, under the headline “Todos contra a Petrobras” [“All against Petrobras”], regarding reparation for investments in... Continue Reading →
Nova Transportadora do Sudeste Sale Process
Rio de Janeiro, February 10, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material fact disclosed on November 30, 2016, when the Extraordinary General Meeting approved the sale of 90% of Petrobras stake in Nova Transportadora do Sudeste (NTS), informs that today was officially notified by a Regional Federal Court of... Continue Reading →
Standard & Poor’s improves Petrobras’ rating
Rio de Janeiro, February 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that credit rating agency Standard & Poor’s announced that it raised the rating for the Company’s corporate debt to 'BB-' from 'B+' and altered its outlook to stable from negative. The agency noted on its report that the improvement in Petrobras’ rating... Continue Reading →
Petrobras announces final tender results and final settlement for cash tender offers
RIO DE JANEIRO, BRAZIL – FEBRUARY 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$4,899,100,000 and €631,753,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Old Notes” and each a “series” of Old Notes), issued by... Continue Reading →
Public consultation on request of waiver of the FPSO for Libra – ANP
02/09/2017 ANP will open today a “Public Consultation” to collect data to analyze the request of exemption of compliance of local content (waiver) for the FPSO of Libra. The consultation will last 30 days, counting from the publication in the Official Gazette of the Union. Contributions can be sent to the address isencao02@anp.gov.br. The... Continue Reading →
Petrobras ignores local content rule and hires Chinese company
Amid the discussions of the local content policy for the Brazilian oil sector, Petrobras decided to contract in China the anchoring systems for the onerous assignment platforms of the pre-salt, which involves the set of fields granted by the government in 2010 In exchange for Petrobras shares. Brazilian competitor Brasil Amarras has started judicial... Continue Reading →
P-66 leaves the Brasfels Shipyard heading to the Lula field in the Santos Basin
06/02/2017 Petrobras Agency The FPSO P-66 left the Brasfels Shipyard, in Angra dos Reis (RJ). The P-66, which will be based in the Lula field, Lula Sul module in the pre-salt Santos Basin, is expected to reach the field in the next few days. The beginning of the operation of the production system unit will... Continue Reading →
Brazil Energy Insight 