Rio de Janeiro, December 21, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that today it signed a Master Agreement with the French company Total, in connection with the Strategic Alliance established in the Memorandum of Understanding executed on 10/24/2016, as previously announced to the market. Entering into strategic partnerships is an important part of... Continue Reading →

    Brazil’s Petrobras has hired Benthic, a geosciences company, to carry out an offshore geotechnical investigation in the Libra field, offshore Brazil. Benthic’s PROD (Portable Remotely Operated Drill) will perform in-situ testing and sampling to a maximum penetration depth of 80 meters below the mudline, in water depths ranging from 400 to 2,300 meters. Following data collection, Benthic will... Continue Reading →

  Chevron, which is in prolonged silence in Brazil, got good news from the ANP: the extension of the concession contract for the Frade field in the Campos Basin until 2041, while the previous agreement went only until 2025. The US company operates the area, with a 52% stake, and had a major setback in... Continue Reading →

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 →

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 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 →