Petrobras News

OTC Brasil: Corporate marriages

Oct 31, 2013

A partnership between companies is a lot like a marriage: some are good, some are strained. That was the tenor of a Wednesday morning panel discussing perspectives on E&P in the South Atlantic that included operators Petrobras, Total, Shell…

PetroChina buying Peruvian assets from Petrobras

Nov 15, 2013

Beijing-based PetroChina Co. Ltd. announced that two of its subsidiaries will purchase the Peruvian assets of Petrobras for US$2.6billion (HK$20.16billion) according to a statement sent to the Hong Kong Stock Exchange (SEHK) on 13 November 2013…

Petrobras extends Subsea 7 PLSV contract

Oct 21, 2013

Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…

Petrobras talks tech investments

Sep 19, 2013

Petrobras President Maria das Graças Silva Foster announced at public hearing in the Brazilian Senate that the company plans to invest R$4 billion in 2013 and R$21.2 billion between 2013-2017 in information technology and telecommunications…

Petrobras’ P-55 sets sail

Oct 07, 2013

Petroleo Brasileiro (Petrobras) completed its semisubmersible P-55 floating production, storage and offloading (FPSO) vessel nearly six years after it was contracted. It passed testing and certification in the Rio Grande dock (ERG-1). The…

Petrobras keeps offshore Colombia

Sep 16, 2013

The board of directors for Petrobras has approved the sale of 100% of the shares issued by Bogota-based Petrobras Colombia Ltd. (PEC) to Perenco for US$380 million, the company announced on 13 Sept 2013. Petrobras Colombia is selling…

Technip signs four-year deal with Petrobras

Sep 04, 2013

Technip signed a four-year frame agreement with Petrobras for projects modifications services for the Rio de Janeiro Operations Unit, including existing offshore platforms located in the Campos Basin area, Brazil. The services comprise basic and detailed design…

Deepwater production gets high-pressure boost

Jul 17, 2013

Petrobras leads subsea pumping development to overcome deepwater production problems Subsea boosting has evolved since the first subsea multiphase pump was installed, in 1994, by Shell at Draugen field in the Norwegian Sea. That pump…

Petrobras hits production record in May

Jul 03, 2013

Oil and natural gas production in May On May 18, 2013, Petrobras set a new pre-salt production record, with output of 322,100 bo/d. 11,000 bo/d up from the previous record of 311,500 bo/d  set on April 17, 2013. In addition to encouraging figures for pre-salt production…

Brazil in progress

May 23, 2013

Brazil is a veritable diamond in the rough for foreign and local investors alike. Firms are investing in new centers of technology, fabrication, and worker training to alleviate the country’s skills and infrastructure difficulties. Brazil is very much the place to be at the moment…

Petrobras production fell in February

Mar 29, 2013

Petrobras announced that in February 2013 total production of oil and natural gas in Brazil reached 2,316 thousand boe/d. Including the share operated by the company for its partners, total volume produced was 2,414 thousand boe/d, This volume corresponds to a 2…

Petrobras win for Subsea 7

Mar 13, 2013

Subsea 7 has announced the award of three contracts with a combined value in excess of US$300 million from Petrobras. The work includes the installation of flexible lines by the Seven Seas, under two lump-sum contracts and one day-rate contract…

Petrobras strikes oil at Tupi South

Jan 08, 2013

Tupi South discovery may link to Lula field Petrobras has found good quality oil in the Tupi South (Sul de Tupi) area of the Santos Basin pre-salt, the company announced on 8 January 2013.Petrobras said the well encountered reservoirs…

Petrobras discoveries

Oct 01, 2012

Over the last 18 months or so, Petrobras has a string of reported discoveries to its credit. Company CEO Maria das Graças Silva Foster said the 2011 discoveries alone added 1.24 billion barrels of equivalent oil to Petrobras’ numbers, with 1 billion of that coming from the pre-salt area…

Petrobras cancels rig order

Nov 30, 2012

Petrobras cancels rig contract with Ocean Rig Petrobras has cancelled a leasing contract with Ocean Rig, the Brasilian NOC announced on 29 November 2012.Petrobras had announced in February that it planned to lease five drilling rigs…

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