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…
Brazilian oil company Petrobras has started the binding phase for the sale of its share in the Papa-Terra field located in the deepwater area in the Campos Basin, offshore Brazil.The binding phase starts following a teaser for the sale Petrobras had announced back in February…
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…
-Brazilian oil company Petrobras has found presence of oil at the Natator exploration well in the Campos Basin, offshore Brazil.Petrobras said Thursday that the well, in the Sudoeste de Tartaruga Verde block, was located 130 km from the city of Macaé (RJ)…
Brazil's state-controlled oil company Petrobras has made an oil discovery in deep waters offshore Brazil.Petrobras said Thursday it had discovered the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt…
China-built hull of Petrobras P-71 FPSO has reached Brazil where topside integration will take place at the Jurong Aracruz Shipyard (EJA).The 316 meters long, 54 meters wide, hull, built by CIMC Raffles, had set sail from China on December 12…
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…
Brazilian oil company Petrobras has informed that an arbitration tribunal has ruled in its favor in a case related to the Sete Brasil rig orders.Petrobras said that the arbitration tribunal rejected a claim made by an investor in Sete Brasil Participações S…
Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi.'Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…
Brazilian oil company Petrobras is looking to sell two sets of deepwater concessions offshore Brazil.The company on Wednesday started the opportunity disclosure stage for the sale of its entire stake in the deepwater concessions Golfinho Cluster and Camarupim Cluster…
Brazilian oil company Petrobras has sold its Nigeria-focused subsidiary for around $1,5 billion.Petrobras said Wednesday it had completed the sale of its 50% equity interest held in Petrobras Oil & Gas B.V. (PO&GBV).PO&GBV has assets in Nigeria…
Norway's $1 trillion sovereign wealth fund has removed Brazilian oil firm Petrobras from a watchlist of firms that could be dropped as investments due to ethical concerns, the central bank said on Tuesday.Petrobras was put under observation in 2016 over corruption risks…
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