Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…
Brazilian oil company Petrobras has launched the binding phase for the sale of its 20% in the company MP Gulf of Mexico, LLC. (MPGoM), which owns offshore fields in the U.S. Gulf of Mexico.Petrobras first announced its intention to exit the joint venture in October 2021…
Oil production at Brazil's Petrobras rose in the first quarter as additional wells ramped up or came online, while a new platform set to start pumping in May should help that trend continue, the state-run company said on Wednesday.In a securities filing…
Brazilian oil and gas company Petrobras has signed production sharing contracts with its partners for the Atapu and Sépia oil fields, offshore Brazil.For Atapu, the PSCs were signed with Shell (25%) and Total Energies (22,5%). For Sépia, PSCs were signed with TotalEnergies (28%)…
©Agência Petrobras - Flávio EmanuelShareholders in Brazil's Petrobras have elected José Mauro Coelho to the firm's board, according to a source with direct knowledge of the matter, paving the way for the government technocrat to take the helm of the state-run oil company…
Stockholm-based Maha Energy AB remains interested in purchasing Petrobras' stake in the Tartaruga oil field in northeastern Brazil after the company's first attempt at buying the asset was unsuccessful, Victoria Berg, the company's investor relations officer…
Brazilian state-run oil company Petrobras on Thursday formally elected Jose Mauro Coelho as its chief executive for a one-year term, ending weeks of turmoil in which the government struggled to fill the top position.Coelho, a government technocrat…
Brazilian oil company Petrobras has restarted the sale process of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, State of Sergipe, Brazil.The oil firm had in August 2020 launched the binding phase for the sale of its entire stake in the Tartaruga field…
Energy consultant Adriano Pires has backed out of the Brazilian government's nomination for him to take the helm at Petrobras, the country's Mines and Energy Ministry said on Monday, in the latest blow to succession plans at the state-run oil company…
Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after energy consultant Adriano Pires declined the government's nomination, a government official told Reuters on Tuesday…
Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex…
Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed…
Brazilian oil company Petrobras has lost a $400 million case against Paragon Offshore Nederland, a former supplier of offshore drilling rigs for oil and gas exploration.Petrobras said Thursday that the Court of Justice of Rio de Janeiro decided…
Brazil's government on Wednesday tapped Jose Mauro Coelho, a high-ranking technocrat with expertise in the nation's oil and gas sector, as the next chief executive of state-run oil company Petrobras.The appointment comes amid a hectic several days for Petroleo Brasileiro SA…
Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night.Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters…
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