Publication in the Federal Official Gazette indicates the return by Petrobras and Repsol Sinopec do Brasil of the oil and natural gas exploration and production concession for the Piracucá field. The field, located in shallow waters of the Santos Basin, was acquired by the companies in the second round of ANP bids in 2000,... Continue Reading →
Petrobras misses two-year sale target. Blames court for blocking Karoon deal
Offshore Energy Today zoom Brazil’s state-owned oil company Petrobras has fallen $1.5 billion short of its two-year asset divestment target. The company blamed the court order blocking the sale of two fields to Australia’s Karoon for missing the target. Petrobras said on Thursday that its divestments program has chalked up a total of $13.6 billion in the... Continue Reading →
PETROBRAS TO FALL SHORT OF DIVESTMENT TARGET
Brazilian giant blames court injunction blocking the completion of Karoon deal Reuters Updated 29 Dec 2016 03:18 GMT Brazil's state-run oil company Pretrobras will still fall $1.5 billion short of its divestment target for the 2015-2016 period despite announcing the sale of ethanol and petrochemicals assets for $587 million. Even after a flurry of... Continue Reading →
Closing of Nansei Sekiyu sale
Rio de Janeiro, December 29, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it closed yesterday (December 28), the sale of 100% of the shares in Nansei Sekiyu (“NSS”) to Taiyo Oil Company (“Taiyo”). The operation was completed through the payment of US$ 165 million made yesterday by Taiyo, after compliance with all previous... Continue Reading →
Signing approval of the agreement for the sale of PetroquímicaSuape and Citepe
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 →
Brazil Energy Insight 