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Petrobras News

Prio Still Eyeing Petrobras Assets After Albacora Deal Collapse

Sep 13, 2022

Brazilian oil company Prio will continue to assess the purchase of some assets from state-owned Petrobras even after a deal for its Albacora offshore oilfield fell through, Prio's finance chief told Reuters on Tuesday.Petrobras has in recent years sold off dozens of oil fields鈥

Petrobras Leapfrogs Oil Majors in Dividend Payouts By More than 50%

Aug 02, 2022

Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.The five biggest Western oil producers - Exxon Mobil Corp鈥

Petrobras Orders Giant $2.9B FPSO from Keppel

Aug 15, 2022

Brazilian oil company Petrobras said Monday it had ordered an FPSO from Keppel Shipyard, for deployment at the Búzios offshore oil field in Brazil.The FPSO, named P-80 will be the ninth unit to be installed in the field, and, according to Petrobras鈥

AET Unveils Shuttle Tanker for Long-term Charter to Petrobras

Jul 28, 2022

Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. 鈥 Petrobras, based on the agreement signed in February 2020鈥

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum 云顶赌场老虎机鈥

Petrobras Chief Executive Resigns

Jun 20, 2022

The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.Petroleo Brasileiro SA鈥

BW Energy to Buy Saipem FPSO in Brazil for $73M

Jun 27, 2022

Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil.The sale and purchase of the FPSO鈥

Bolsonaro Fires Second Petrobras CEO in Two Months

May 24, 2022

Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board鈥

Brazil's Bolsonaro May Need Months to Replace Petrobras Management

Jun 01, 2022

Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras.But it will鈥

Brazil Selects Gileno Gurjao Barreto as Petrobras Chairman

Jun 10, 2022

The Brazilian government selected Gileno Gurjao Barreto on Thursday as its nominee to chair state-run oil giant Petrobras' board.The Mines and Energy Ministry also confirmed Caio Mario Paes de Andrade as its nominee to be Petrobras' chief executive鈥

U.S. Asked Brazil's Petrobras If It Could Boost Oil Output; It Said No

May 10, 2022

U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed鈥

Petrobras Studying 云顶赌场老虎机 Wind for the Long Run, CEO Says

May 19, 2022

The chief executive of Brazil's state-run oil company Petrobras, Jose Mauro Coelho, said on Wednesday that offshore wind power is among the alternatives being studied by the firm for the long run.Speaking at an event about carbon markets, Coelho鈥

Petrobras Cancels Sale of Deepwater Assets in Sergipe-Alagoas Basin in Brazil

May 16, 2022

Brazilian oil company Petrobras has decided not to sell its deepwater assets in the Sergipe-Alagoas Basin offshore Brazil, originally put up for sale in 2018.The company said Saturday it had decided to conclude the competitive process, which was in the binding phase鈥

Petrobras Extends Deal for Use of CGG's Seismic Processing Software

May 11, 2022

French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software.CGG said the鈥

Brazil's Petrobras Reports $9B Profit as Bolsonaro Rails Against Company

May 06, 2022

Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people鈥

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