Brazil's state-run oil company Petrobras has asked the Supreme Court to lift an injunction obtained by an oil workers' union that froze sales of its assets, including its fuels distribution unit, a court official said on Friday. Petrobras filed the request on Thursday in a bid to lift the injunction that blocked a divestment plan... Continue Reading →
Petrobras has put up for sale at a minimum bid of US $ 40 million two drilling rigs that cost US $ 720 million at the beginning of the decade.
Petrobras has put up for sale at a minimum bid of US $ 40 million two drilling rigs that cost US $ 720 million at the beginning of the decade. The units are part of a package of seven probes that will be auctioned by the state-owned company in May. The P-59 and P-60 rigs... Continue Reading →
Petrobras ordered to restart asset sales
zoomFPSO Cidade de Itajaí, located on the Baúna field. Image source: Teekay Brazilian court has ordered the state-owned oil company Petrobras to restart its assets sale program, meant to help the company reduce its massive debt, except for two projects. Brazil’s Federal Accounting Court (TCU) on Wednesday overturned an injunction from December last year that... Continue Reading →
Petrobras – Federal Accounting Court (TCU) authorizes resuming the Divestment Program
Rio de Janeiro, March 15, 2017 – Petróleo Brasileiro S.A. – Petrobras, in continuation to the material facts disclosed on 12/8/2016 and 12/20/2016, reports that the decision by the Federal Accounting Court (TCU) issued today, repealed the preventive order preventing the company from initiating new divestment projects and concluding those in progress and, as for... Continue Reading →
Petrobras – Oil and natural gas production in February
Rio de Janeiro, March 14th, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), from which 2.703 million boed were produced in Brazil and 113 thousand boed abroad. The average oil production in the country was... Continue Reading →
ANP AUTHORIZES START OF P-66 PRODUCTION
A new pre-salt platform will boost domestic oil and gas production. The National Petroleum Agency (ANP) has authorized Petrobrás to start the FPSO P-66 activity, in the Lula Sul module, in the Santos Basin. ANP's board of directors approved the extraordinary natural gas burn of up to 130,000 Mm³ in the first... Continue Reading →
Clarification on News – Addendum: Energy Development Account Budget for the year 2017
Rio de Janeiro, March 13, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 115/2017/CVM/SEP/GEA-1 which requests additional clarifications, as follows: Official Letter no. 115/2017/CVM/SEP/GEA-1 “Dear Sir, 1. We herein refer to the reply forwarded by the Company on 03.07.2017, through the Empresas.Net System, under Category “Market Communication”, Type “Clarifications on News:... Continue Reading →
Six fast supply vessels delivered for Petrobras charter
The final six fast supply vessels (FSVs), designed by the Australian ship designer Incat Crowther, have recently been delivered to Baru Offshore, for charter with Petrobras. Incat said on Wednesday the vessels were the last of a dozen 48 meter-long DNV Classed DP-1 monohulls named the Baru Serrana, Baru Tesoro, Baru Sinu, Baru Sirius,... Continue Reading →
PETROBRÁS CEO TO ANALYZE PARTNERSHIPS WITH STATOIL AND GALP
March, 2017 Having sealed an alliance last year with France's Total worth $ 2.2 billion, Petrobras now seems to be looking for new international partners. According to CEO Pedro Parente, the Norwegian Statoil and the Portuguese company Galp are in the sights of Petrobras. Parente stated that the signing of strategic associations is... Continue Reading →
Brazil’s Petrobras confident accounting practices correct -CFO
Brazil's state-run oil company Petroleo Brasileiro SA is "completely confident" its financial reporting is in line with regulation, the company's chief financial officer said on Wednesday, after Brazil's CVM market regulator questioned its hedging practices. Chief Financial Officer Ivan Monteiro told reporters Petrobras would appeal the CVM decision and will continue to adopt the same... Continue Reading →
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