Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that, in a meeting held today, its Board of Directors approved the signing of the agreement for the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) to Grupo Petrotemex S.A. de C.V. and Dak Americas Exterior,... Continue Reading →
Petrobras Biocombustível closes deal to sell its interest in Guarani
Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) celebrated on this date with Tereos Participations SAS, a company under French group Tereos, the Agreement for Purchase and Sale of Shares (“Contrato de Compra e Venda de Ações e Outras Avenças”), to... Continue Reading →
Clarification on News: Deals between Braskem, Odebrecht, and Public Authorities
Rio de Janeiro, December 27, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 577/2016/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 577/2016/CVM/SEP/GEA-1 "Dear Executive Officer, I report to the news herein attached, published on December 21 and 22, 2016, in some newspapers, under the titles “Lava-Jato: Braskem e Odebrecht... Continue Reading →
SIEM OFFSHORE RECEIVES SECOND WELL INTERVENTION VESSEL THAT WILL ACT IN BRAZIL
Dec 27, 2016 Siem Offshore took delivery of the second intervention tanker of its fleet. It is the Siem Helix 2, which will now join the Siem Helix 1 - both chartered by the US-based Helix Energy Solutions. The US company will provide offshore well intervention services in Brazil to Petrobrás. Siem Helix 2... Continue Reading →
Petrobras ends Golar’s FSRU contract
Brazilian oil company Petrobras has terminated early a charter contract with Golar LNG for the Golar Spirit FSRU. The company’s 1981-built floating, storage, and regasification unit (FSRU) Golar Spirit has been on hire in Brazil since 2008 and operating since 2009, under a 10-year contract with Petrobras. Golar LNG Partners said on Tuesday that,... Continue Reading →
Brazil’s Petrobras Plans to Claim Part of Odebrecht’s Anticorruption Settlement
Construction company still banned from bidding on Petrobras contracts despite record settlement deal By ROGERIO JELMAYER and SAMANTHA PEARSON Updated Dec. 23, 2016 5:00 p.m. ET SÃO PAULO—Brazilian oil company Petróleo Brasileiro SA, or Petrobras, plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras... Continue Reading →
Disbursement of the China Development Bank loan facility
Rio de Janeiro, December 22, 2016 - Petróleo Brasileiro S.A. - Petrobras, in addition to the Material Fact disclosed on 12/16/2016, informs that today it received US$ 5 billion from the China Development Bank (CDB) regarding the facility agreement executed on 12/15/2016. The Company also informs that will not need new net borrowing within the... Continue Reading →
Petrobras and Total advance their strategic alliance with new agreements
Rio de Janeiro, December 21, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that today it signed a Master Agreement with the French company Total, in connection with the Strategic Alliance established in the Memorandum of Understanding executed on 10/24/2016, as previously announced to the market. Entering into strategic partnerships is an important part of... Continue Reading →
Benthic ‘prodding’ at Petrobras’ Libra field (Brazil)
Brazil’s Petrobras has hired Benthic, a geosciences company, to carry out an offshore geotechnical investigation in the Libra field, offshore Brazil. Benthic’s PROD (Portable Remotely Operated Drill) will perform in-situ testing and sampling to a maximum penetration depth of 80 meters below the mudline, in water depths ranging from 400 to 2,300 meters. Following data collection, Benthic will... Continue Reading →
ANP EXTENDS FRADE FIELD CONCESSION UNTIL 2041
Chevron, which is in prolonged silence in Brazil, got good news from the ANP: the extension of the concession contract for the Frade field in the Campos Basin until 2041, while the previous agreement went only until 2025. The US company operates the area, with a 52% stake, and had a major setback in... Continue Reading →
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