Rio de Janeiro, February 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material fact disclosed on January 31, 2017, informs that a Regional Federal Court issued a decision today to grant suspensive effect to Petrobras' appeal in the divestment project regarding the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia... Continue Reading →
Exclusive: Brazil’s Petrobras denies Eletrobras gas for new power plant
State-run oil company Petroleo Brasileiro SA (PETR4.SA) has alerted Brazil's electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region. In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais Eletricas... Continue Reading →
Rio Justice suspends Petrobras bid for pre-salt parts
The Rio Justice has ordered the suspension of the bid by Petrobras for the purchase of moorings for six platforms in the pre-salt fields of the onerous assignment. According to a newspaper article reported on the 8th, Petrobras declared a Chinese company the winner that did not comply with local content rules, regulation of... Continue Reading →
Petrobras oil and natural gas production in January
February 15, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million boed abroad. The average oil production in the country was 2.23 million barrels... Continue Reading →
Petrobras and Total
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 →
Brazil Energy Insight 