Brazilian oil company Petrobras has kicked off the binding phase for the sale of its entire stake in the Tartaruga field, in the shallow waters of the Sergipe-Alagoas Basin, offshore Brazil.Petrobras had late in June 2020 announced the intention…
Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday, though the firm indicated output may improve in certain regions.In a securities filing, Petroleo Brasileiro SA…
Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.Another Petrobras employee fell visibly ill the following day…
Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oilfield cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash…
Brazil's Petrobras has said it has signed an agreement to sell its entire stake in three offshore oil fields in Potiguar Basin to Ouro Preto for $1.5 million.The fields in question are the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada Cluster)…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Brazilian oil company Petrobras has put up for sale its stake in the Tartaruga field in the shallow waters of the Sergipe Alagoas basin.The Tartaruga field is located in Area SES-107D Concession, in which Petrobras holds a 25% stake, with Maha Energy holding the remaining 75% Participating Interest…
Brazilian oil workers' union and oil company Petrobras have this week dismissed reports of a helicopter crash in the Campos basin, as fake news.Union SindipetroNF issued a statement is which it said that the 'news published in some media on Monday…
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020…
Brazilian oil firm Petrobras has said it has made oil discoveries in the pre-salt areas of the Santos and Campos Basins offshore Brazil.Petrobras said Monday it had discovered oil of excellent quality in the southeast area of the Búzios field in the Santos Basin pre-salt…
Brazil's state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America's largest economy…
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up…
Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel…
Brazil's Petrobras will double its oil output cuts to 200,000 barrels per day, or about 6% of total production, and shorten work hours as the state-controlled company responds to what its chief executive has called the 'worst oil industry crisis in 100 years…
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