Petrobras May Partner with Total on Wind, Solar Power in Brazil
State-controlled oil company Petróleo Brasileiro SA has signed a nonbinding agreement with France's Total SA and its renewable energy arm to assess potential businesses in onshore solar and wind power in Brazil.Petrobras, as the company is known, said in a securities filing on Tuesday that the agreement means to reduce
Oil Workers Strike at Petrobras
The FUP oil workers union in Brazil said on Wednesday that workers joined the call for a nationwide strike on at least 20 oil rigs in lucrative Campos basin, along with several other areas around the country.The 72-hour strike was called to protest the fuel…
Equinor Deepens Its Offshore Brazil Portfolio
Equinor has expanded its portfolio in Brazil’s prolific Campos and Santos basins after winning the Uirapuru and Dois Irmãos blocks in the 4th Production Sharing Bidding Round in Brazil.Equinor, ExxonMobil and Petrogal Brasil presented the winning bid (75.49%…
Angola LNG Plant Sells Cargo to Petrobras
Angola's sole liquefied natural gas (LNG) project has sold a cargo loading over May 12 to 13 to Brazil's Petrobras, two industry sources said on Monday.The exact price details could not immediately be confirmed but the cargo is priced off the European benchmark National Balancing Point (NBP) gas price, one of them said
Galp to Start Drilling Exploration Well Offshore Portugal
Portuguese oil company Galp Energia is set to start drilling the country's first deep water offshore exploration well later this year but with only modest hopes of success, its exploration and production director said on Monday.The project, being developed…
Vantage Drilling wins $622 mln Settlement against Petrobras
Brazil's state-controlled oil company Petrobras has been fined $622 million by an international tribunal for breaching a 2009 contract with a unit of Vantage Drilling, the U.S.-based rig contactor said on Monday. The tribunal found that Petrobras and its units…
Petrobras Makes $983m Deposit Related to U.S. Class Action
Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it made a $983 million deposit as part of a deal to settle a class action in the United States. In a securities filing, Petrobras said this deposit is the second one related to the class action.
Brazil Court Blocks $892.7 mln from SBM Related to Petrobras Contracts
A Brazilian federal court ruled that state-run oil company Petroleo Brasileiro SA can subtract $892.7 million it owes in future fees to Dutch group SBM to cover fines and damages it has been ordered to pay Petrobras for its role in a graft scheme, according to a written statement prosecutors released on Friday.Under a
Fugro Tallies ROV Services Contracts with Petrobras
Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A. - Petrobras in its exploration and production activities.Two new contracts will see Fugro’s ROV spread working to support drilling related activities…
Petrobras Board Member Resigns Amid Pricing Turmoil
José Alberto de Paula Torres Lima, a board member at Brazilian state-run oil company Petroleo Brasileiro SA, resigned on Tuesday due to "personal reasons," the company said in a filing on Wednesday.Shares in Petrobras, as the company is known, have fallen nearly…
Equinor Buys 25% Stake in Brazil’s Roncador Oil Field
Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This follows all transaction conditions being met, including…
Petrobras, Engie Extend Period to Negotiate Contract of Pipeline Network
Brazilian state-controlled oil company Petroleo Brasileiro SA has extended the deadline for discussion with France's Engie SA about the sale contract for a major pipeline network, two sources with knowledge of the matter said.Engie had the highest bid among…
Petrobras CEO Parente Resigns
Petroleo Brasileiro SA's chief executive quit on Friday in a surprise move that wiped $12 billion off the state-controlled oil producer's market valuation, after Brazil's government responded to a national trucking strike by intervening in the company's fuel pricing policy.Pedro Parente…
Petrobras Concludes $4 Bln Bond Buyback
Brazilian state-run oil company Petroleo Brasileiro SA has concluded the buyback of $4 billion of bonds, the company said in a securities filing on Tuesday, after reaching the program's stipulated limit.In May, Petrobras, as the company is known, announced plans to buy back up to $4 billion in global bonds.
Petrobras Still Seeking to Boost Exploration Portfolio
Brazil's state-controlled oil company Petroleo Brasileiro SA remains interested in expanding its exploration portfolio, new Chief Executive Officer Ivan Monteiro said on Thursday following an auction of offshore oil blocks.Petrobras, as the company is known, joined the consortia that won all three blocks awarded at the
Petrobras Seeks Partnerships
Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil. Petrobras intends to sell 60% of its equity interest in each of these new companies.
Petrobras to Buy Back $1.4 bln of Bonds Due in 2020
Brazilian state-run oil company Petroleo Brasileiro SA said on Wednesday it will buy back around $1.4 billion of bonds due in 2020 as part of an ongoing deleveraging strategy. In a securities filing, Petrobras, as the company is commonly known, said it would…
Brazilian Banks, Funds Join Arbitration Against Petrobras
Top Brazilian funds and banks like Itaú Unibanco Holding SA, Banco Bradesco SA and Banco Santander Brasil SA have joined a collective arbitration action against Petróleo Brasileiro SA seeking compensation for graft at the state-controlled oil giant, a newspaper report said on Thursday.
Petrobras Concludes $1.4 bln Bond Buyback
Brazilian state-run oil company Petroleo Brasileiro SA concluded on Thursday a buyback announced earlier in the week of about $1.4 billion of 2020 bonds, the company said in a securities filing on Friday. On Wednesday Petrobras, as the company is commonly known…
Asset Sales Help Boost Petrobras Q1 Profit
Brazil's state-controlled oil company Petróleo Brasileiro SA reported a 56.5 percent rise in net profit in the first quarter, helped by asset sales, a filing showed on Tuesday.Petrobras, as the company is known, posted a net profit of 6.961 billion reais ($1.96 billion) after raking in 3.223 billion reais by selling st
