August 03, 2018 – Consolidated interim financial information audited by independent auditors in accordance with international accounting standards (IFRS). Net Income R$ 17,033 million Production 2,669 thousand boed Adjusted EBITDA R$ 55,835 million Key Highlights Result Petrobras reported a net income of R$ 17,033 million in 1H-2018, with growth of 257% and the best semi-annual... Continue Reading →
Petrobras approves payment of Interest on Capital
Rio de Janeiro, August 03, 2018 – Petróleo Brasileiro S.A – Petrobras reports that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest on Capital (IOC), as defined in art. 9, sole paragraph of its bylaws and in article 9 of Law 9.249/95. The value... Continue Reading →
Settlement reached in Petrobras’ Texas refinery emissions case
A U.S. unit of Brazilian state-run company Petrobras agreed to pay $3.5 million to settle a lawsuit over alleged toxic emissions from its Pasadena, Texas, oil refinery, two environmental groups said. Read more
Marlim Sul renewed until 2052
02/08/18 ANP reviewing 14 other concession renewal processes, five for offshore fields The ANP board approved at the meeting on July 12 the renewal of the Petrobras concession contract for the Marlim Sul field, in the Campos Basin, until 2052. Along with the extension, a review of the field development project , with a series... Continue Reading →
Double Interview – Carlyle and Schlumberger on money and technology
What makes the world go round? Money or technology? In the world of energy, one is meaningless without the other. Offshore Energy Today recently sat down exclusively with two esteemed experts in the respective fields of money and technology – Ashok Belani, Executive Vice President Technology, Schlumberger and Marcel van Poecke, Head of Carlyle International... Continue Reading →
SSCV Gretha places accommodation module on Petrobras platform
An OOS International-owned semi-submersible accommodation & crane/construction vessel has completed a lifting project for Petrobras offshore Brazil. OOS International informed on Wednesday that the SSCV OOS Gretha placed a 120 ton accommodation module onto the P-19, a Petrobras moored platform in Campos Basin, offshore Brazil. The accommodation module was initially lifted from an offshore supplier... Continue Reading →
Teekay books extensions for FPSO duo. Eyeing future redeployment options
Teekay Offshore has won extensions for its FPSO duo Petrojarl Cidade de Rio das Ostras, and Voyageur Spirit in Brazil and the UK, respectively. In Brazil, the national oil company Petrobras has elected to extend the contract the Ostras a least till November 2018. Teekay Offshore revealed the extension news on Thursday while presenting its quarterly results. Teekay... Continue Reading →
Shell signs QGOG Drill Rig
08/01/18 Brava Star to make first oil drilling in a share area Shell agreed to charter the Brava Star drill rig from Queiroz Galvão Oil & Gas to drill four wells in the assets of Sul Gato do Mato, Alto de Cabo Frio Oeste, both granted at the share auctions located in the Santos Basin,... Continue Reading →
Lula has more than 50 wells to complete/Galp
08/01/18 Largest field in the country, in the pre-salt of the Santos Basin, receives two new platforms later this year Lula has 52 wells yet to be completed, according to Galp's COO, Thore Kristiansen. Of the 153 wells foreseen in the current development plan, 101 were completed and 92 are in operation, being 50 producers... Continue Reading →
PETRORIO NEW WELL AT POLVO PRODUCING
08/01/18 Proved developed reserve of the field can grow 3 million barrels PetroRio started the production of the second well in the Polvo field, an area where it operates in the Campos basin. POL-Z drilling began in June of this year and is part of the revitalization plan for the Polvo field, which provides for... Continue Reading →
Brazil Energy Insight 