Petrobras News

Report: Samsung, Hyundai, Daewoo Gearing Up for Petrobras FPSO Tender

Jan 28, 2021

Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…

Petrobras Strikes Oil at Urissanê Well, Off Brazil

Jan 29, 2021

Brazilian oil firm Petrobras has said it has identified the presence of hydrocarbons in the wildcat well in the block C-M-411, in the pre-salt region in the Campos Basin, off Brazil.The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast…

Petrobras Divests Sete Interest

Dec 31, 2020

Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…

Petrobras Moves European Commercial Activities from London to Rotterdam

Dec 30, 2020

Brazilian oil giant Petrobras will concentrate its European commercial activities in Rotterdam. This will result in the transfer of Petrobras Europe Ltd.’s commercial activities from London, England to Petrobras Global Trading B.V. in Rotterdam…

Brazil: Petrobras receives $45M in Vitol Corruption Settlement

Dec 30, 2020

Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.Petroleo Brasileiro SA…

Petrobras Cuts 5-year Spending Plan by 27%

Nov 26, 2020

Brazil's state-controlled oil company Petroleo Brasileiro SA cut its five-year investment plan by 27% from a year ago to $55 billion to preserve cash, as the coronavirus pandemic drove down global oil demand and prices.In a filing on Thursday…

Petrobras Selling 50% Stake in Marlim Cluster Offshore Brazil

Nov 16, 2020

Brazilian oil and gas company Petrobras has launched an opportunity disclosure stage (teaser) for the sale of 50% of its stakes in the offshore oil fields - known as the Marlim Cluster - in the Campos Basin, offshore Brazil.Petrobras is looking to sell stakes in the deepwater concessions of Marlim…

Petrobras Taps Seabed Geosolutions for 4D OBN Survey in Brazil

Nov 10, 2020

Ocean bottom seismic company Seabed Geosolutions said Monday it had secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil for Petrobras, both covering the Sapinhoa Shared Reservoir in the Santos Basin…

Petrobras to Buy P-71 FPSO and Deploy It on Itapu Field

Oct 28, 2020

Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field.Petrobras said that the FPSO was to be used at the Tupi field, however…

Petrobras Launches Binding Phase for Ceará Cluster Fields Sale

Nov 04, 2020

Brazilian oil firm Petrobras has announced the start of the binding phase for the sale of its ownership in shallow-water fields in the Ceará Cluster, located in the state of Ceará, Brazil.The fields comprising the Ceara Cluster are Tuna, Curimã…

Petrobras' Tupi Field Output Hits Two Billion Barrels Mark

Sep 29, 2020

Brazilian oil company Petrobras has informed that the accumulated oil production from the Tupi offshore field in Brazil recently hit the 2 billion barrels of oil equivalent (boe) mark.The field, dubbed the largest deepwater oil producer in the world…

Petrobras Eyes Sale of Albacora Offshore Fields

Sep 25, 2020

Brazilian national oil company Petrobras has launched a teaser for the potential sale of its interests in Albacora and Albacora Leste deepwater offshore blocks in Brazil.Petrobras is selling a 100% operated working interest in the Albacora offshore…

Petrobras Awards Long Term Charters for POSH Flotel Duo

Sep 25, 2020

Brazilian oil firm Petrobras has awarded Singapore's POSH two long term charters for the semi-submersible accommodation vessels POSH Arcadia and POSH Xanadu.The offshore accommodation rigs will be used for maintenance and accommodation support…

Brazil: Total Transfers Foz do Amazonas Block to Petrobras

Sep 28, 2020

French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin.To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks in ultra-deep waters…

Petrobras Changes Name of Lula Offshore Oil Field After Lawsuit

Sep 17, 2020

Brazilian oil company Petrobras has changed the name of Lula  - one of its largest offshore oil fields - back to Tupi.Petrobras had renamed the field from Tupi to Lula in 2010, however, a court recently ordered it to change the name as, while the word Lula means 'squid' in Portuguese…

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