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Petrobras News

Brazil's Petrobras Third-quarter Oil Output Grows 9.6%

Oct 27, 2023

Brazilian state-run oil company Petrobras said on Thursday that its crude oil production during the third quarter rose 9.6% from the same period last year.Petrobras pumped 2.32 million barrels per day (bpd) in the July-to-September period, the firm said in a statement鈥

Oceaneering Wins Five-year Petrobras Contract

Oct 12, 2023

Oceaneering's Brazilian subsidiary, Marine Production Systems do Brasil, has secured a five-year contract from the Brazilian oil company Petrobras for the operation of three existing drill pipe riser (鈥淒PR鈥) systems to support intervention and completion operations in Brazil鈥

Petrobras Expects to Drill near Amazon Mouth in 2024, says CEO

Oct 11, 2023

Brazil's state-run oil company Petrobras expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said on Wednesday.The region is part of Brazil's Equatorial Margin鈥

Petrobras Estimates 5.6 Bln Barrels of Oil in Equatorial Margin Block -minister

Oct 02, 2023

Studies by Brazilian state-run oil company Petrobras show that a single oil block of Amapa's equatorial margin could total more than 5.6 billion barrels of oil, the country's mines and energy minister said on Friday.Alexandre Silveira's remarks鈥

Petrobras to Invest Some $300M to Drill Two Potiguar Basin Wells - Exec

Oct 03, 2023

Brazilian state-run oil group Petrobras plans to invest around $300 million to drill two exploratory wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week, a top executive said in an interview.The鈥

Petrobras Seeks to be a Top Wind Power Developer

Sep 13, 2023

Brazilian state-run oil firm Petrobras on Wednesday revealed projects to develop offshore wind farms, in a bid to become a top wind power developer.Chief Executive Jean Paul Prates said during an event in Sao Paulo that this week the company鈥

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Sep 18, 2023

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday.The Equatorial Margin is some 2鈥

Petrobras Walks Back Four Divestment Processes

Sep 04, 2023

Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad revision of divestment processes, which were launched during the country's previous administration.The oil giant said鈥

Brazil's Petrobras Taps Chinese Companies for Energy Collaboration

Sep 01, 2023

Brazilian state-run oil company Petrobras PETR4.SA said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.In a securities filing, Petrobras said it has also signed a MOU with Asia's top refiner鈥

Brazil's Petrobras Beats Profit Forecast, $3 bln Payout Announced

Aug 04, 2023

Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28鈥

Petrobras Eyes Steady Investments in New Five-year Business Plan, CEO says

Jul 17, 2023

Brazil's state-run oil company, Petrobras, will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.Petrobras is preparing to preview updates to its business plan next month鈥

Petrobras Partners with SLB to Drive Efficiency and Accelerate Decision Making with Cloud-Based Technology

Jul 06, 2023

Oilfield services giant SLB, previously known as Schlumberger, said Thursday it had won a five-year contract with the Brazilian oil company Petrobras for an enterprise-wide deployment of its Delfi digital platform. The contract scope covers Petrobras鈥 digital transformation from exploration鈥

Weatherford Bags 5-year Intervention Services Deal with Brazil's Petrobras

Jul 13, 2023

Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20鈥

Petrobras Eyes Global Expansion as Brazil Hopes Fade, Sources Say

Jun 01, 2023

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade鈥

Petrobras Confirms Filing Request for License to Drill in Amazon Mouth River, Denies Reports on Expected Timeline

May 31, 2023

Brazilian oil firm Petrobras denied media reports claiming that the oil company expected to obtain the environmental license to drill a well in the FZA-M-059 block, offshore Brazil, in up to six months.As previously reported, Brazil's environmental鈥

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