Rio de Janeiro, December 21, 2016 – Petróleo Brasileiro S.A. – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held yesterday, approved hiring KPMG Auditores Independentes (KPMG) to provide independent audit services for the fiscal years from 2017 to 2019, which may be renewed for two more years. After... Continue Reading →
Brazil court upholds injunction on Petrobras oilfields sale
A Brazilian federal court has rejected an appeal by Petroleo Brasileiro SA to allow the state-controlled oil company to proceed with the sale of two oilfields to Karoon Gas Australia. The court's decision to uphold a Nov. 19 injunction on the sale of the Baúna and Tartaruga Verde fields was made public on Monday and... Continue Reading →
Production start-up in the Lapa field, in the pre-salt layer of Santos Basin
Rio de Janeiro, December 20, 2016 – Petróleo Brasileiro S.A. – Petrobras and its partners in the BM-S-9 consortium started the oil and natural gas production yesterday in the Lapa field, in the Santos Basin pre-salt layer, through the FPSO Cidade de Caraguatatuba. This is the third unit to enter operation in the pre-salt this... Continue Reading →
Havyard to design two more AHTS vessels for Grupo CBO
Havyard Design & Solutions, a ship technology company, has signed a contract for the delivery of ship design and equipment for two more AHTS vessels with the Brazilian shipping company Grupo CBO. Havyard said on Monday that the supply agreement for the delivery of ship design and equipment for two additional vessels is valued at... Continue Reading →
Petrobras – Approval of the New Policy on Related-Party Transactions
Rio de Janeiro, December 16, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors, in a meeting held yesterday, approved the Company’s new Policy on Related-Party Transactions. This Policy complies with the instructions and guidance by the Securities and Exchange Commission of Brazil – CVM, as well as the provisions under... Continue Reading →
Petrobras – Execution of Commercial and Facility Agreements with the China Development Bank
Rio de Janeiro, December 16, 2016, Petróleo Brasileiro SA – Petrobras informs that it executed yesterday a Facility Agreement with the China Development Bank (CDB) in the amount of US$ 5 billion for a 10-year term. The Agreement is the result of the Term Sheet signed between the parties, as disclosed on February 26, 2016.... Continue Reading →
ROTA 2 REACHES MARK OF 2 BILLION CUBIC METERS OF GAS EXPORTED FROM THE PRE-SALT IN NINE MONTHS
Dec 15, 2016 In addition to celebrating the mark of 1 billion barrels of oil produced in the pre-salt, Petrobras achieved another important achievement in the region: the Rota 2 gas pipeline reached the volume of 2 billion cubic meters of gas exported. The mark was obtained on November 15, nine months after the... Continue Reading →
Petrobras Biocombustível closes deal for the incorporation of Nova Fronteira by São Martinho S.A
Rio de Janeiro, December 15, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) closed, on this date, with group São Martinho S.A. (“São Martinho”) an Agreement (Acordo de Incorporação e Outras Avenças) under which Nova Fronteira Bioenergia S.A. (“Nova Fronteira”), in which PBIO holds 49% participation, will... Continue Reading →
Petrobras -Oil and natural gas production in November
Rio de Janeiro, December 15, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in November was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million were produced in Brazil and 0.12 million boed abroad. Average oil production in the country was 2.23... Continue Reading →
Pre Salt – World record with 1 billion barrels in 6 years
12/15/2016 | 09h03 TN Petroleo Petrobras and partners celebrated, on Wednesday (14/12), a historical mark: the total of 1 billion barrels of oil produced in the pre-salt. This accumulated production occurs only six years after the entry of the first production system in the Santos Basin, in the Lula field, and ten years after... Continue Reading →
Brazil Energy Insight 