Cade has approved Chevron's acquisition of the Pasadena Refinery, a deal announced by Petrobras at the end of January. The operation is valued at US $ 562 million, of which US $ 350 million is worth of shares and US $ 212 million of working capital with a base date of October 2018. The... Continue Reading →

March 11, 2019 As the world's major oil companies diversify and expand their presence in the petrochemicals and renewables segments, Petrobras is moving towards becoming a less and less verticalized company. Owner of one of the industry's most coveted assets (the pre-salt), the state oil company focuses on oil and gas production and prepares an... Continue Reading →

Unmanned Survey Solutions (USS) is set to launch a new Unmanned Surface Vessel (USV) designed for hydrographic surveys, at Ocean Business in April 2019. The Accession Class USV allows the vessel to increase its base design length of 3.5m to a maximum of 5.0m for additional payload equipment and/or power for extended endurance depending on... Continue Reading →

SeaBird Exploration, a marine seismic acquisition provider, has made a license sale of seismic data over the Rio Grande Rise in Brazil SeaBird said on Monday that its share of the sale was approximately $0.8 million. The license sale relates to assets which previously were written down to $0.2 million on the balance sheet. The... Continue Reading →

Rio de Janeiro, March 8, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that its Executive Board approved a Resilience Plan (Plan) meant to contribute to the maximization of value for shareholders and for Brazil. The Plan includes additional actions to 2019-2023 PNG and is consistent with the company's five strategic pillars: (a) maximization of... Continue Reading →

Rio de Janeiro, March 8, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release of 06/27/2018, informs that it completed today, through its subsidiary Petrobras International Braspetro B.V. (PIB BV), the sale of 100% of its equity interest in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logística... Continue Reading →

Rio de Janeiro, March 8, 2019 - Petróleo Brasileiro SA - Petrobras informs that the rating agency Fitch raised its stand-alone credit profile (SCP) by two notches to "BB+" from " BB-" and affirmed the  long-term foreign and local currency Issuer Default Ratings (IDRs) at “BB-“, with a stable outlook. Fitch noted that the increase... Continue Reading →

Rio de Janeiro, March 8, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that today it signed an agreement with BW Offshore ("BWO") to sell its full stake in the Maromba field. Discovered in June 2003, the field is located in shallow waters south of the Campos Basin, about 100 km off the coast of... Continue Reading →