Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) celebrated on this date with Tereos Participations SAS, a company under French group Tereos, the Agreement for Purchase and Sale of Shares (“Contrato de Compra e Venda de Ações e Outras Avenças”), to... Continue Reading →
Clarification on News: Deals between Braskem, Odebrecht, and Public Authorities
Rio de Janeiro, December 27, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 577/2016/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 577/2016/CVM/SEP/GEA-1 "Dear Executive Officer, I report to the news herein attached, published on December 21 and 22, 2016, in some newspapers, under the titles “Lava-Jato: Braskem e Odebrecht... Continue Reading →
Brazil oil and gas output reaches 3.307 million bpd in November: ANP
Wed Dec 28, 2016 Oil and natural gas production in Brazil reached 3.307 million barrels of oil equivalent per day in November, according to a report released by the government's petroleum industry regulator ANP on Friday. Oil production fell 0.6 percent from October to 2.609 barrels per day, with more than one-quarter of this coming... Continue Reading →
Crisis-Ridden Brazil Lures Iran and India on Oil Deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks. Read more
WILSON SONS HAS FINANCING TO DO MAINTENANCE OF 12 TUGBOATS IN THE NEXT TWO YEARS
December 27, 2016 Good news for the naval industry late in the second half of 2016: the Merchant Marine Fund has prioritized Wilson Sons to invest $ 9.4 million in the review and maintenance of all vessels. In all, 12 tugboats will go through this process between 2017 and 2018. The decision of the FMM... Continue Reading →
SIEM OFFSHORE RECEIVES SECOND WELL INTERVENTION VESSEL THAT WILL ACT IN BRAZIL
Dec 27, 2016 Siem Offshore took delivery of the second intervention tanker of its fleet. It is the Siem Helix 2, which will now join the Siem Helix 1 - both chartered by the US-based Helix Energy Solutions. The US company will provide offshore well intervention services in Brazil to Petrobrás. Siem Helix 2... Continue Reading →
Petrobras ends Golar’s FSRU contract
Brazilian oil company Petrobras has terminated early a charter contract with Golar LNG for the Golar Spirit FSRU. The company’s 1981-built floating, storage, and regasification unit (FSRU) Golar Spirit has been on hire in Brazil since 2008 and operating since 2009, under a 10-year contract with Petrobras. Golar LNG Partners said on Tuesday that,... Continue Reading →
Brazil’s Petrobras Plans to Claim Part of Odebrecht’s Anticorruption Settlement
Construction company still banned from bidding on Petrobras contracts despite record settlement deal By ROGERIO JELMAYER and SAMANTHA PEARSON Updated Dec. 23, 2016 5:00 p.m. ET SÃO PAULO—Brazilian oil company Petróleo Brasileiro SA, or Petrobras, plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras... Continue Reading →
Columbia Tecnologia launches new technology for oil extraction
All the countries of the world, especially Brazil, have experienced in the last years an economic tendency of cost reduction, cut in expenses and incessant search for new technologies that optimize processes. Among the most active sectors in this area is that of oil and gas. which has a state-of-the-art innovation: Columbia Tecnologia, a company... Continue Reading →
Report: Total to spend $1B per year in Brazil
Report: Total to spend $1B per year in Brazil Total E&P do Brasil, a Brazilian arm of the French oil major Total, reportedly plans to invest around $1 billion per year in Brazil. According to a report by Reuters on Monday, Total’s Brazilian operations head, Maxime Rabilloud, told Brazilian financial newspaper Valor Econômico the company plans to... Continue Reading →
