Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion bbl. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets鈥
Brazilian police arrested Odebrecht President and Chief Executive Officer Marcelo Odebrecht with accusations of bribery and corruption in connection with a scandal currently engulfing Brazilian national Petrobras, on Friday, according to news reports鈥
If the stars align, and if foreign investors and engineers are up for the challenge, Brazil鈥檚 massive oil and gas industry could be on the brink of a massive opportunity boom for non-Brazilian oil and gas companies. Conversely, with a major鈥
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America鈥
Petrobras encountered a new oil accumulation at its ultra deepwater Sergipe basin at the Poco Verde field, offshore Brazil. Poco Verde map. From Petrobras. Well 3-SES-189 (Poco Verde well 4) is located in concession BM-SEAL-4鈥
At the 2015 云顶赌场老虎机 Technology Conference (OTC), Petrobras will receive the OTC Distinguished Achievement Award for Companies, Organizations, and Institutions 鈥 the highest recognition that an oil company can receive as an offshore operator鈥
Petróleo Brasileiro (Petrobras) confirms that it signed a US multi-billion dollar cooperation agreement with China Development Bank Corp. (CDB). Funding will be for years 2015 and 2016, which includes US$3.5 billion, already disbursed鈥
Petrobras encountered the presence of light oil at well 3-BRSA-1296-SES in concession BM-SEAL-10, BlockSEAL-M-499 in the Sergpipe basin鈥檚 ultra deepwaters offshore Brazil. According to Petrobras, the higher market value light oil has good reservoir porosity and permeability鈥
Petrobras appointed Luciano Galvao Coutinho as chairman of the board after receiving Guido Mantega鈥檚 resignation on 26 March. Image of Petrobras headquarters. From OE Staff. Coutinho鈥
The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin鈥檚 oil and鈥
Petrobras began early production at the deepwater Búzios field offshore Brazil. The Dynamic Producer. From Sembcorp Marine. Búzios is located in the Santos basin, about 200km off the coast of Rio de Janeiro鈥
Petrobras CEO Maria das Gracas Foster and five directors stepped down from their posts on Wednesday (4 February) following months of scandals. Gracas Foster has been at the helm of the national operator since 2012, and spent over 30 years with Petrobras鈥
Petrobras said tests confirmed the size of the oil discovery at Libra's first appraisal well, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW-1. Tests at the well, located 185km off Rio de Janeiro, proved an 290m oil column and carbonate reservors of high porosity and permeability鈥
Petrobras has made a new heavy oil discovery in concession BM-C-35 (exploratory block C-M-535), in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature)鈥
Petrobras officially named Aldemir Bendine, current CEO of Brazilian bank Banco do Brasil, the successor to its outgoing CEO Maria das Gracas Silva Foster, the Brazilian operator announced on 6 February 2015. Earlier this week, Gracas鈥
