Petrobras News


Petrobras Exec Says Gas Export Possible from Colombia Project

Mar 20, 2024

A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday…

Petrobras Inks Deals for Campos Basin Gas Transport System

Jan 02, 2024

Petrobras and Equinor have signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the Cabiúnas Gas Treatment Unit (UTGCAB).With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador field…

Petrobras to Invest $102 Billion in Next Five Years

Nov 23, 2023

Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by…

Lula Asks Petrobras to Tweak Investment Plan

Nov 17, 2023

Brazil's leftist President Luiz Inacio Lula da Silva pressed the head of state-run oil firm Petrobras, Jean Paul Prates, to modify the company's 2024-2028 investment plan to prioritize local job creation, five sources told Reuters.Lula's requests…

Brazil: New Fortress Energy Charters FSRU Energos Winter

Nov 06, 2023

New Fortress Energy said Monday it had executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Brazil's Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”)…

Petrobras Confirms Filing Request for License to Drill in Amazon Mouth River, Denies Reports on Expected Timeline

May 31, 2023

Brazilian oil firm Petrobras denied media reports claiming that the oil company expected to obtain the environmental license to drill a well in the FZA-M-059 block, offshore Brazil, in up to six months.As previously reported, Brazil's environmental…

Petrobras Challenges Ibama's Decision to Reject Amapá Offshore Drilling Application

May 24, 2023

Brazilian oil company Petrobras said Wednesday it would file a request later this week with Brazil's environmental protection agency Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059…

Environment Agency Rejects Petrobras' Request to Drill at Amazon River Mouth

May 18, 2023

The Brazilian environmental protection agency Ibama said on Wednesday it had rejected a request from state-run oil company Petrobras to drill a well at the mouth of the Amazon River.The much-awaited decision follows a technical recommendation by the agency's experts to reject the proposal…

Report: Brazil's Petrobras CEO Resigns as Ministry Chooses his Successor

Jan 04, 2023

The chief executive of Brazilian oil company Petrobras, Caio Paes de Andrade, has informed the board of directors of his resignation, two sources with knowledge of the matter told Reuters on Tuesday.The resignation comes shortly after the country's…

Petrobras' CEO Diagnosed with Cancer -Local Media

Sep 16, 2022

Brazilian oil company Petrobras' Chief Executive Caio Paes de Andrade has been diagnosed with cancer, local media reported.The executive has started treatment to fight a head and neck carcinoma, according to the reports, citing a Petrobras internal statement…

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…

Petrobras Leapfrogs Oil Majors in Dividend Payouts By More than 50%

Aug 02, 2022

Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.The five biggest Western oil producers - Exxon Mobil Corp…

Petrobras Chief Executive Resigns

Jun 20, 2022

The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.Petroleo Brasileiro SA…

Petrobras Studying Offshore Wind for the Long Run, CEO Says

May 19, 2022

The chief executive of Brazil's state-run oil company Petrobras, Jose Mauro Coelho, said on Wednesday that offshore wind power is among the alternatives being studied by the firm for the long run.Speaking at an event about carbon markets, Coelho…

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