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 →
Petrobras reveals Libra FPSO plans
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 →
Petrobras 3rd Quarter 2016 Results Release Date
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 →
Total targets Foz do Amazonas
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 →
Petrobras sees Lapa output near ‘immediately’
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 →
