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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 →
ConocoPhillips (NYSE: COP) announced today that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously ordered the government of Venezuela to pay the company the amount of $8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments in Venezuela in 2007, plus... Continue Reading →
The auction of oil surplus from the Transfer of Rights assignment, which is scheduled by the Ministry of Mines and Energy (MME) to take place on October 28, led the Petrobras Exploration and Production director, Carlos Alberto Pereira de Oliveira, to meet with five of the main international oil companies operating in Brazil in February.... Continue Reading →
08/03/19 On 13 March, Petrobras receives offers to launch an electro-optical cable (EOC) between the Guamaré Pole and the Ubarana 3 platform (PUB-3), in the Ubarana field, in the Potiguar Basin. The bidding is underway in the company's procurement portal and comprises the project to expand the water injection into the asset. The activities include... Continue Reading →
3/8/19 Petrobras and Ocean Rig will sign this week the charter and service contracts of the Deepwater Mikonos and Deepwater Corcovado drill ships, which will operate exclusively in the Mero field in the Santos Basin. The contract was approved by Shell, Total, CNPC, CNOOC and PPSA, members of the Libra consortium, last Friday (28/2). The... Continue Reading →
3/8/19/19 Petrobras is promoting two bids to contract goods and services for completing wells. One of them provides for lower completion installation using a vertical, directional or sub-horizontal well. The scope includes technical consulting, preparation and supply of tools, assembly, testing, operation, inspection and maintenance of equipment. In addition, the contractor will be responsible for... Continue Reading →
The decision of the world’s largest sovereign wealth fund to reduce holdings in oil stocks wasn’t as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels that will reverberate for energy companies and their investors. While the divestment by Norway’s $1 trillion fund doesn’t include Big Oil, instead rooting out $7.5 billion of... Continue Reading →
03/03/19 Subsea 7 is eyeing new subsea contracts in Brazil for 2019. "We are presenting proposals or in the process of bidding for the Carcará, Búzios, Mero-2 and Lapa projects," said company CEO Jean Cahuzac during a conference with analysts. All the projects are located in the pre-salt of the Santos Basin. Mero and Búzios... Continue Reading →
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