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Pioneira de Libra FPSO: integration work 80% complete By Fabio Palmigiani in Rio de Janeiro 27 October 2016 19:27 GMT Brazil’s Petrobras has unveiled plans to install four large floating production, storage and offloading vessels at the giant Libra field in the Santos basin pre-salt province by 2023, as it looks to speed up development... Continue Reading →
Rio de Janeiro, October 26, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 3rd quarter 2016 results on November 10th, after the market is closed. Therefore, between October 27th and November 10th, the Company will be in quiet period, during which Petrobras will not be able to provide clarifications or... Continue Reading →
AGENCIA PONTO/IBP 24 October 2016 12:47 GMT By Mark Hillier and Gareth Chetwynd in Rio de Janeiro 26 October 2016 14:39 GMT French giant Total is aiming to give the green light before the end of this year to plans to kick off exploration drilling in the first half of 2017 in Brazil's frontier Foz... Continue Reading →
Coming online: Roberto Moro, Petrobras' chief production development & technology officer Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 25 October 2016 22:41 GMT Brazilian oil giant Petrobras expects to start output from the Lapa field within days, as the company waits for the final operating licence to kick-start production from its ninth floating... Continue Reading →
PETROBRAS’ proposed sale of more than 100 onshore concessions spread across five states may be the spark to ignite a new wave of investments in a sector that has long been overlooked in Brazil. The Topaz Project offers 98 producing fields and six exploration blocks in the mature Reconcavo, Potiguar, Espirito Santo and... Continue Reading →
Teamwork: Petrobras headquarters in Rio de Janeiro AFP/Scanpix By Gareth Chetwynd from Rio de Janeiro 25 October 2016 09:38 GMT Petrobras chief executive Pedro Parente has emphasised the importance of partnerships to help drive forward the Brazilian giant's E&P programme in a cash-constrained environment. In an exclusive interview with Upstream, the recently appointed Parente stressed... Continue Reading →
Cost cutting: Total CEO Patrick Pouyanne (left) and Petrobras CEO Pedro Parente Agencia Ponto By Fabio Palmigiani in Rio de Janeiro 24 October 2016 22:29 GMT Brazilian national oil company Petrobras has put in motion an ambitious plan designed to bring down capital expenditure at the giant Libra pre-salt field in the Santos basin in... Continue Reading →
Mon Oct 24, 2016 | Reuters The logo of Brazil's state-run Petrobras oil company is seen on a tank in Sao Caetano do Sul, Brazil, September 28, 2016. REUTERS/Paulo Whitaker The chief executive of Brazil's state-run oil company Petrobras, Pedro Parente, said on Monday that four settlements reached with investors late last week were not... Continue Reading →
Petrobras' decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said. The four settlements with large Petrobras shareholders, approved by the oil company's board on Friday, represent only a... Continue Reading →
Rio de Janeiro, October 24, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved the creation of a Minority Shareholders Committee to monitor the revision process of the Transfer of Rights Agreement. The Committee will be composed of two Board members elected by the minority shareholders, Mr Guilherme Affonso Ferreira... Continue Reading →
Brazil Energy Insight 