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Petróleo Brasileiro S.A. - Petrobras informs that Moodys rating agency has reaffirmed its credit rating at "Ba1", one notch above the country, with a stable outlook. The stand-alone credit rating was also reaffirmed at "Ba1", reflecting the company's credit metrics and its positive track record of operational and financial improvement. The rating also reflects Moody's... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it signed today a Memorandum of Understanding (MoU) with the Chinese Export Credit Agency, Sinosure. The agreement aims to evaluate investment and cooperation opportunities in low-carbon and green finance initiatives; to strengthen Petrobras' supply chain; and to increase and facilitate trade and financial exchanges between Petrobras and Chinese... Continue Reading →
(PN) Petrobras is intensifying its exploratory work in the Campos Basin. The company recently started drilling well 4-BRSA-1392D-ESS, in the Jubarte field, in a water depth of 968 meters. The activity is being carried out with the Brava Star drillship, from Constellation. The new well is classified as Adjacent Pioneer Exploration, which is drilled to... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória. DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process. The contract starts in 2025, according to DOF. The vessel is Brazilian-built and... Continue Reading →
(TN) Subsea7, a global leader in the delivery of offshore projects and technology for the energy sector, confirmed, after a competitive process, the signing of four long-term daily rate contracts for engineering vessels (PLSVs) with Petrobras. The agreements, which will begin next year, have a combined value of more than US$1.25 billion and will be... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that it has received correspondence from minority shareholders of the Company requesting the convening of an Extraordinary General Meeting ("EGM") for the election of members of the Board of Directors ("BoD") and for the chairmanship of the BoD, under the argument that there would have been dismissal of a... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that today it signed a contract for the assignment of its entire 30% (thirty percent) stake in Brentech Energia S.A. (Brentech) to Enegen Participações Ltda (Enegen), Petrobras' partner in Brentech and holder of a 70% (seventy percent) stake in the company. The transaction closed with the signing of the... Continue Reading →
(Reuters) - Brazil's Finance Minister Fernando Haddad said there is no reason to worry about state oil major Petrobras after a recent leadership change that caused the company's shares to plummet. In an interview with French newspaper Le Monde published on Wednesday, Haddad said the appointment last week of Magda Chambriard as the company's CEO... Continue Reading →
(OE) Norwegian seismic firm PGS has obtained all permits for the start of the large Petrobras’ 4D survey over the Barracuda Caratinga fields, offshore Brazil. The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has issued the final permit for the large 4D survey over the Barracuda Caratinga fields and the survey is about... Continue Reading →
(OE) Offshore services firm Subsea 7 has been awarded a ‘super major’ contract by Petrobras for the development of the Búzios 9 field offshore Brazil. The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 102 kilometres of rigid risers and flowlines for the steel lazy wave production system. The exact value of the... Continue Reading →
Brazil Energy Insight 