Brazil’s top prosecutor has launched a legal challenge against pardons made by President Michel Temer just before Christmas, alleging they are unconstitutional and threaten the Car Wash probe into the country’s largest-ever corruption scandal. Read more

Rio de Janeiro, December 27, 2017 - Petróleo Brasileiro SA - Petrobras informs that in December it executed, directly or through its controlled companies, debt prepayments in the total amount of US$ 5.1 billion, with the following creditors: BNDES , Morgan Stanley, Export Development Canada (EDC), Santander, The Bank of Tokyo-Mitsubishi UFJ, Citibank, Kreditanstalt für... Continue Reading →

Brazil once again is in the aim of the major IOC’s. Attracted by the pre salt bidding rounds and the Petrobras divestment program, IOC’s have invested approximately R$30 billion (U$9.25 billion) during 2017 in the acquisition of assets. Statoil with investments of U$3.66 billion leads the pack, followed closely the ExxonMobil with U$3.28 billion; Total... Continue Reading →

  In a symbolic and decisive moment for its survival, the Atlantic South Shipyard (EAS) launched its 11th ship, baptized Castro Alves. The delivery is the first of the Aframax - oil tanker model slightly smaller than the ones produced by the shipyard and the last one in 2017, the year in which the enterprise... Continue Reading →

  BP Global Investments has signed an investment agreement to acquire 30% of Gás Natural Açu (GNA), a subsidiary of Prumo Logística. The British company will invest U$ 7.5 million through the subscription of new shares. The agreement signed between the companies also establishes the rules for investment in UTE GNA I Generation of Energy... Continue Reading →

Odebrecht Oil and Gas reported that the restructuring of its financial debt was completed last Friday with the exchange of Notes 2021 and 2022 and the perpetual notes issued by its subsidiaries. The exchanges occurred after the company's extra judicial recovery plans were ratified by the courts of Brazil and the United States, the company... Continue Reading →

BRAZILIAN contractor Odebrecht Oil & Gas (OOG) is betting on its partnership with Canadian player Teekay Offshore to snatch more contracts for the supply of floating production, storage and offloading vessels in Brazil and abroad. The 50:50 OOGTK joint venture was formed early in the decade in an attempt to meet the expected growing demand... Continue Reading →

Keppel Offshore & Marine Ltd., the world’s biggest builder of oil rigs, agreed to pay $422 million to end a U.S. bribery probe into illegal payments to officials at Petroleo Brasileiro SA, Brazil’s state-owned oil company, and to the then-governing political party. Read more

Brazilian court has allowed the signing of a leniency agreement with the Dutch FPSO provider SBM Offshore related to corruption probe over improper payments to Petrobras’ executives. However, a new damage claim has been filed against the company’s Brazilian unit. SBM Offshore said on Friday it had learned that following a review of the leniency... Continue Reading →

Business & Management Plan Get information on the 2018-2022 Business and Management Plan. Access the presentation below. Presentation Petrobras 2018-2022 BMP Ingles (1)