Mon Nov 7, 2016 | Reuters Petrobras Bolivia SA, a subsidiary of Brazil's state-run oil firm Petroleo Brasileiro SA, and Bolivia's state-run YPFB Chaco have signed a $1.2 billion agreement to explore two natural gas fields with potential reserves of 4 trillion cubic feet, the Bolivian government said on Monday. The fields are Astillero and... Continue Reading →
Trafigura Says Not Party to Storage Contracts in Petrobras Probe
Trafigura Group distanced itself from a board member arrested in Brazil over allegations of involvement in bribery and money laundering at state-run oil company Petroleo Brasileiro SA, saying the contracts at the heart of the case didn’t involve the commodity-trading house. The “substantive allegations” made by Brazil’s public prosecutor against management board member Mariano Marcondes... Continue Reading →
Green shoots of Brazil’s recovery
Changes falling into place after a catastrophic period of scandal, corruption and collapse Gareth Chetwynd 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 12:31 GMT Brazil’s oil sector is undergoing a transformation that is starting to generate new interest among investors and offer hope to domestic industry after a ruinous two years. The first... Continue Reading →
Petrobras granted extra time for Potiguar work
State giant carrying out appraisal work on deep-water discoveries Pitu and Tango Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 02:00 GMT THE Brazilian National Petroleum Agency (ANP) has given Petrobras more time to carry out appraisal work at two deep-water discoveries in Block BM-POT-17 in the Potiguar basin... Continue Reading →
Petrobras puts Libra on fast track
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 →
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