Petrobras News

Petrobras Awards 4D Seismic Survey Contract to Shearwater

May 12, 2021

Marine seismic surveyor Shearwater GeoServices has secured a 4D monitoring contract with Petrobras for towed streamer seismic acquisition in the Campos Basin offshore Brazil.These 3D and 4D programs will be conducted over 9-months by the SW Empress vessel over the Marlim…

Petrobras Orders Seventh FPSO for Buzios Field

May 10, 2021

Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7…

Brazil: Petrobras Invites Bids for Ninth Buzios Field FPSO

May 03, 2021

Brazilian oil company Petrobras on Friday started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area, offshore Brazil.Called P-80, the FPSO will be the ninth unit to operate in the field…

Report: Petrobras Restarts Bidding for Golfinho Offshore Oilfield Cluster

May 06, 2021

Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months.Golfinho is one of dozens of legacy production assets that Petroleo Brasileiro SA…

Petrobras Confirms Luna as New CEO, Names New Division Heads

Apr 19, 2021

The board of Petrobras has elected four career executives to head up key company divisions rather than bringing in more outsiders, Brazil's state-controlled oil company said on Friday, confirming news previously reported by Reuters.The board of directors of Petroleo Brasileiro SA…

Petrobras Suspends MODEC from Bidding for FPSO Projects

Apr 05, 2021

Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but…

Petrobras to Take Over Six BP's Ultra-deepwater Blocks in Brazil

Apr 07, 2021

Brazil's national oil company Petrobras has agreed to take over BP's entire stakes in six ultra-deepwater blocks, located offshore northern Brazil.The blocks are situated some 120 km from the state of Amapá, in what Petrobras said was a high…

Petrobras Shareholders Pave Way for New CEO

Apr 13, 2021

Shareholders in Brazil's Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process…

Petrobras CFO, Others to Leave After Clashing with Incoming CEO's Plans

Mar 26, 2021

Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.Topics…

Fifth Petrobras Director to Follow CEO Out

Mar 04, 2021

A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating.A day earlier, four other board members stepped down at Petroleo Brasileiro SA…

Petrobras Board Calls for Meeting to Oust CEO

Feb 24, 2021

The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.In a statement, Petroleo Brasileiro SA, as the company is officially known…

Report: Brazil's President Pressing for Petrobras CEO Resignation

Feb 19, 2021

The chief executive of Brazil's state-led oil company Petrobras is trying to fight off President Jair Bolsonaro's bid to oust him over his insistence on raising gasoline prices in line with international market hikes, two sources with direct knowledge of the matter told Reuters on Friday…

Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

Feb 24, 2021

Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters…

Petrobras' Top Corruption Buster to Step Down

Feb 02, 2021

The chief compliance officer at Brazil's Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm's top corruption buster in three years.Petroleo Brasileiro SA…

Report: Keppel Submits Lowest Bid to Build FPSO for Petrobras' Buzios Field

Feb 04, 2021

A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said.Keppel offered to build P-78…

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