Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
Petrobras entered into a US$10 billion financing deal with China Development Bank (CDB) that includes a trade agreement for the Brazilian giant to supply oil to Chinese companies. Image from Petrobras…
Brazil’s Senate passed a bill that could strip Petrobras of its role as sole operator of the country’s pre-salt fields. Image of José Serra, from Senado Federal Flickr. Yesterday…
PetroRio has received its second cancelation notice, this time from Petrobras, for the Bijupirá and Salema fields offshore Brazil, just two weeks after it received a pink slip from supermajor Shell, leaving the Brazilian minnow completely out of the fields…
Sapura Navegacao Maritima’s (SNM) fourth pipelaying support vessel (PLSV), the Sapura Jade started work with Petrobras on 14 February. The Sapura Diamante. Image from SapuraKencana. The Sapura…
Petróleo Brasileiro (Petrobras) has started production from the Cidade de Maricá floating production storage offloading unit (FPSO), in the pre-salt layer of the Santos Basin, offshore Brazil, in addition to the expansion of the country’s longest subsea natural gas pipeline…
Petrobras has discovered 'good quality oil' in a new well in the giant Libra field, in the pre-salt Santos basin, offshore Brazil. Map of the Libra field, from Petrobras. Well 3-BRSA-1305A-RJS…
Embattled Brazilian state owned firm Petrobras has made deeper cuts to its previously announced 2015-2019 business plan, with the company announcing a 25% drop in capex today (12 January). Petrobras will drop its planned capital expenses by US$32 billion in its 2015-2019 business plan…
Petrobras stopped production from its P-31 floating production, storage and offloading (FPSO) unit offshore Rio de Janeiro for the second time this month, after gas and oil leaks occurred earlier this week, according to the Sindipetro Norte Fluminense union…
Houston-based Ensco received a cancelation notice from Brazilian giant Petrobras for the DS-5 drilling rig, citing improper payments. Image of the Ensco DS-5 drillship. Courtesy of Ensco. Last year…
Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term…
Noble Corp. is the latest major oil and gas company to be linked to the Petróleo Brasileiro’s (Petrobras) Lava Jato bribery and corruption scandal, the offshore driller revealed in a regulatory filing to the US Securities and Exchange Commission…
Petrobras announced that its chairman, Murilo Pinto de Oliveira Ferreira, who was in leave of absence since 14 September, 2015, presented his resignation. Luiz Nelson Guedes de Carvalho, who was performing the duties of the chairman since 14 September…
SBM Offshore received a formal invitation from Brazilian giant Petróleo Brasileiro (Petrobras) to tender for the Sépia and Libra floating production storage and offloading units (FPSOs). Brasa shipyard…
Amid being the center of a major, worldwide bribery and corruption scandal, Brazil state-run oil company Petróleo Brasileiro’s (Petrobras) operations are being affected by the oil workers’ unions strike, and at the same time, the company received the resignation of one of its board members…
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