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Petrobras News

New Petrobras CEO Says Oil Prospect is of 鈥淣ational Interest鈥

May 27, 2024

Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of 'national interest.'Magda Chambriard鈥

Brazil Pushes Out Petrobras CEO, Names Ex-Regulator to Top Job

May 15, 2024

The chief executive of Brazil's Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference.Brazilian鈥

DOF Secures $192M from Two Contracts with Petrobras

Apr 30, 2024

Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil鈥檚 state-run oil and gas company Petrobras, worth over $192 million.Petrobras has awarded new long-term charter and service contracts to Norskan 云顶赌场老虎机. and DOF Subsea Servicos Brasil鈥

Petrobras Required to Assess Indigenous Impact of Amazon 云顶赌场老虎机 Drilling

May 09, 2024

Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies鈥

New Petrobras CEO Pressed on Shipbuilding Reboot, Jobs

May 16, 2024

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter鈥

Petrobras Resists Order to Assess Indigenous Impact of Amazon Drilling

May 14, 2024

Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday鈥

Petrobras Signs Contracts with Perenco for Sale of Two Campos Basin Fields

Apr 26, 2024

Brazil's state-run oil company Petrobras has signed contracts for the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco.Production from the two fields was interrupted in March鈥

Petrobras Sells Two Mothballed Campos Basin Fields to Perenco

Apr 18, 2024

Brazil's state-run oil company Petrobras has agreed the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Brazil's subsidiary of UK-based oil and gas firm Perenco.Production from the two鈥

Petrobras Hires SLB for Buzios Field Work 云顶赌场老虎机 Brazil

Apr 15, 2024

Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of  Buzios Wave II offshore oil field.The scope of the contract includes鈥

Petrobras and BP Deepen Partnership

Apr 19, 2024

Petrobras and BP have signed Memorandum of Understanding (MoU) to promote cooperation and business opportunities between the companies.Petrobras and BP are partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central鈥

Búzios Field Hits 1 Billion Barrels of Oil Production 云顶赌场老虎机 Brazil

Apr 18, 2024

Petrobras, in a consortium with CNOOC, CNODC, and PPSA, has marked a new milestone with the Búzios field, which has reached 1 billion barrels of oil (bbl) produced since the start of operations in 2018.The milestone was reached on March 31,鈥

Petrobras Exec Says Gas Export Possible from Colombia Project

Mar 20, 2024

A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday鈥

Yinson Holds Naming Ceremony for Brazil-Bound 鈥楪reener鈥 FPSO

Apr 05, 2024

Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras鈥 Jubarte field offshore Brazil.The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3鈥

Lula Blasts Big Dividends Ahead of Meeting with Petrobras CEO

Mar 11, 2024

Brazil's president on Monday called for state-run oil company Petrobras to pay smaller dividends and invest more, in remarks recorded ahead of a meeting with the firm's chief executive, who held out hope of an extra dividend that was axed last week鈥

Petrobras Shares Plunge on Dividend Frustration, Downgrades

Mar 08, 2024

Shares of Brazil's state-run oil company Petrobras plunged more than 11% in opening trading in Sao Paulo on Friday, after the firm's dividend frustrated investors and triggered analyst downgrades.In a fourth-quarter earningsrelease late on Thursday鈥

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