Petrobras divestitures gain strength

June 10, 2019 The STF decision to allow the sale of state-owned subsidiaries without the approval of the National Congress was celebrated by Petrobras, which will now have greater legal certainty to run its divestment program. " A victory for Brazil, not only for Petrobras and shows that we have a friendly environment for the... Continue Reading →

Petrobras extends contract with BHGE

June 10, 2019 Petrobras has extended logistical support contract on the movement of flexible pipe with BHGE. The agreement of R $ 250 million will last two years, with the possibility of renewal for another year. The activities will be carried out at the base of BHGE in Niterói (RJ), used by Petrobras since 2014,... Continue Reading →

Repsol Sinopec is leaving BM-ES-21

Repsol Sinopec is leaving BM-ES-21, an exploration project in partnership with Petrobras in Espírito Santo. The companies have already notified Cade of the free assignment of rights in the contract. Petrobras will assume the 11.11% of Repsol Sinopec, and will now have 100% of the contract. Between 2009 and 2014, five wells were drilled in... Continue Reading →

PETROBRAS ANNOUNCES SECONDARY EQUITY OFFERING BY CAIXA ECONÔMICA FEDERA

RIO DE JANEIRO, BRAZIL – June 10, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR; B3: PETR3) announces that Caixa Econômica Federal (the “Selling Shareholder”), has commenced an offering of 241,340,371 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents... Continue Reading →

DOF picks up contract extension in Brazil with Petrobras

Brazilian subsidiary of Norwegian offshore vessel provider DOF has received an extension for one of its vessels working in South America. DOF said on Friday that its subsidiary – Norskan – had won a one-year extension for the Skandi Hav vessel from Brazilian oil major Petrobras. Continue reading

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