Ambitious plan to deploy fleet of FPSOs in Santos basin pre-salt field early next decade Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 01:36 GMT Brazilian oil giant Petrobras is making the Libra development its number one priority, as an ambitious plan designed to fast-track output takes shape with... Continue Reading →
More rig contracts ‘set for axe’
A further seven to 10 offshore rigs are at risk of having their contracts cancelled by clients on top of a total of 18 units that have been terminated so far this year amid a market slump, according to Rystad Energy. Steve Marshall Oslo 7 Nov 2016 11:03 GMT Updated 7 Nov 2016 12:44 GMT Rig... Continue Reading →
Petrobras – Clarification on the Review Process of the Transfer of Rights Agreement
Rio de Janeiro, November 4, 2016 – Petróleo Brasileiro S.A. – Petrobras, regarding the news published today in the press on the possible amount due to Petrobras as a result of the review process of the Transfer of Rights Agreement, hereby clarifies that the review process concerning the representatives of Petrobras and of the Federal... Continue Reading →
Petrobras -Stage of negotiations with Alpek on the sale of Petroquímica Suape and Citepe
Rio de Janeiro, November 3, 2016 – Petróleo Brasileiro S.A. – Petrobras, in continuation of the relevant facts disclosed on 07/28/2016 and 09/27/2016, informs that the negotiation with Alpek to sell its participation in Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) has advanced in good terms. Once the steps provided... Continue Reading →
US appeals court hears arguments on scope of Petrobras class action
Attorneys for Brazil's state-controlled oil company, Petroleo Brasileiro SA, asked a U.S. federal appeals court on Wednesday to de-certify a class of investors trying to recoup billions of dollars in losses stemming from a sprawling corruption scandal. Petrobras, as the company is known, and its bank underwriters argued that it is not clear buyers and... Continue Reading →
Petrobras likely to get credit for oil-for-shares transfer: regulator
The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, the oil and gas regulator ANP said on Tuesday. The agreement giving Petroleo Brasileiro SA, as the company is officially known,... Continue Reading →
Petrobras: The Way Forward
Presentation by Nelson Silva at the 2016 Rio Oil & Gas petrobras-the-way-forward-nelson-silva
Petrobras -Conclusion of the acquisition of Rio Neuquen concession, in Argentina, and Colpa Caranda asset, in Bolivia
Rio de Janeiro, October 28, 2016 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact published on July 27, 2016, hereby announces that it has concluded all the steps of the transaction for the sale of the 67.19% interest in Petrobras Argentina (PESA), held through Petrobras Participaciones S.L. (PPSL), to Pampa Energía, with... Continue Reading →
Libra programme in the crosshairs for cost reductions
28 October 2016 00:00 GMT As Petrobras presses forward with efforts to put its house in order after the ravages wrought by the Car Wash corruption scandal and the oil price collapse, the Brazilian state oil giant is turning its attention to boosting the economics of major development programmes such as that at the giant... Continue Reading →
Petrobras aiming at 11 FPSOs in three years
By Fabio Palmigiani Rio de Janeiro 28 October 2016 00:00 GMT Brazilian oil giant working with fabricators and yards to bring already-contracted units into play by 2019 Petrobras is working closely with fabricators and shipyards in Brazil and China, as it looks to bring 11 already-contracted floating production, storage and offloading vessels into operation over... Continue Reading →
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