Petróleo Brasileiro S.A. - Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy (Policy) applicable to the company and its equity holdings. "The Policy reiterates Petrobras' commitment to ensure that tax management, which covers taxes and governmental holdings, is... Continue Reading →
Petrobras on Proved Reserves in 2022
Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of December 31, 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2022,... Continue Reading →
Petrobras concludes the sale of the Albacora Leste field
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 01/26/2023 and 04/27/2022, informs that it has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio),... Continue Reading →
Brazilian ex-senator takes over as Petrobras CEO; shares fall
(Reuters) - The board of directors of Petrobras (PETR4.SA) on Thursday approved former Senator Jean Paul Prates as the firm's chief executive, marking a strategic shift for the state-run Brazilian oil company. A longtime energy consultant-turned-politician, Prates was tapped for the top Petrobras job by President Luiz Inacio Lula da Silva and is expected to oversee a strategic shift... Continue Reading →
Oil States Brasil signs a three year contract with Petrobras
(TN) Oil States Brasil signed a contract with Petrobras for maintenance services with the supply of parts and pieces, storage and preservation of equipment and tools for lifting, drilling and well safety, including BOPS, catarina, hook, swivel, mud, valves, etc. With a duration of 3 years, this new contract emphasizes the expertise in equipment maintenance,... Continue Reading →
Ocyan signs rig operating contract with PRIO
(PN) Ocyan signed an operating contract with PRIO (formerly PetroRio) for the use of the West Capricorn rig for 730 days. Activities are expected to start in August 2023. For the execution of this contract, 160 jobs are planned for Ocyan members, all in offshore positions. At the moment, the rig is in Trinidad &... Continue Reading →
Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates
(OET) As rig activity stood out in multiple regions during 2022, Westwood Global Energy, an energy market research and consultancy firm, believes that there is no reason to expect anything different in 2023 while forecasting global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further increase. Westwood outlined... Continue Reading →
Petrobras approves election of CEO
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras' Director, until the next General Shareholders' Meeting and elected him as the company's CEO, the latter with a mandate until 04/13/2023, the same term of office of the other members... Continue Reading →
PRIO Acquisition of Albacora Leste Field
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3), following the Material Fact released on April 28, 2022, informs its shareholders and the market in general that, on this date, the payment regarding the acquisition of 90% interest and operation of the Albacora Leste Field ("Field" or "Albacora Leste") with Petróleo Brasileiro S.A. ("Petrobras") was made.... Continue Reading →
Trion project offshore Mexico nears FID
(OM) Woodside Energy has reaffirmed its goal of taking a final investment decision this year on the deepwater Trion oilfield development offshore Mexico. Toward the end of last year, the partners issued competitive tenders for drilling rig, subsea equipment and installation scopes for the subsea facilities, floating production unit (FPU), and the floating storage and offloading vessel. In... Continue Reading →
Brazil Energy Insight 