Post Tagged with: "Petrobras"

Source: Reuters

Petrobras again delays Garoupa oilfield offer as faces new setbacks: sources

Reuters


RIO DE JANEIRO – Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for a fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil’s offshore …

Source: Reuters

Brazil’s Petrobras says oil exports hit new record 1 million barrels a day in April

Reuters


BRASILIA – Brazilian state-owned oil giant Petrobras said on Monday it exported a record 1 million barrels of oil a day in April, beating the previous record of 771,000 barrels a day in December last year.

In a securities …

Source: Houston Chronicle

Chevron, Petrobras plan to sell deepwater Brazilian field

Houston Chronicle


Chevron and Brazil’s state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America’s largest country as they both seek to sell assets to cut costs.

The deepwater Papa …

Source: Reuters

Petrobras to price its largest share offering in a decade on Feb. 5

Reuters


SAO PAULO (Reuters) – Brazil’s Petrobras will price its largest share offering in a decade on Feb. 5, it said in a securities filing on Wednesday, through which development bank BNDES will seek to divest part of its stake …

Petrobras to lease LNG operations in Bahia

Petrobras to lease LNG operations in Bahia

LNG World News


Brazil’s state-controlled oil and gas company Petrobras has started a process to lease its Bahia regasification LNG terminal and its integrated pipeline in northeast Brazil.

Petrobras to lease LNG operations in Bahia - oilandgas360

Petrobras said on Monday that the start of the terminal lease process …

December 10, 2019 - 12:41 pm Closing Bell Story‎, International, LNG, Natural Gas News
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo

Exclusive: Failed Exxon talks left Petrobras stranded for auctions – sources

Reuters


As the weeks ticked down to Brazil’s biggest-ever oil auction, state-run Petrobras held increasingly frantic talks to find potential partners, with the heaviest blow coming when major Exxon Mobil Corp (XOM.N) pulled out days before, according to …

Source: Reuters/Diego Nigro

Oil spill may be worst environmental ‘attack’ in Brazil’s history: Petrobras CEO

Source: Reuters


RIO DE JANEIRO (Reuters) – Oil slicks washing up on beaches along more than 2,000 kilometers (1,240 miles) of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the chief executive of state-run oil …

Source: Reuters

Big Oil seeks refuge in Brazil from Latam regional turmoil

Source: Reuters


RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks …

Source: Reuters/Sergio Moraes

Investors cheer falling production costs at Brazil’s Petrobras

Reuters


RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a …

Source: petrobras.com.br

Brazil’s BR Distribuidora to create energy, natural gas and ethanol trading cos

Reuters


SAO PAULO (Reuters) – Brazilian fuel distributor Petrobras Distribuidora SA is considering creating energy trading units as it seeks to reposition itself after its privatization last July, Brazilian newspaper Valor Economico reported on Thursday.

 

The company is considering …

Source: Reuters

Explainer: Translating TOR – How Brazil’s $26 billion oil rights auction works

Source: Reuters


RIO DE JANEIRO (Reuters) – Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region …

October 16, 2019 - 12:45 pm Closing Bell Story‎, Energy News, International, People
Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

From Reuters


Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part …

Petrobras Offering of Fuel Unit Prices at 24.50 Reais Per Share: Sources

Petrobras Offering of Fuel Unit Prices at 24.50 Reais Per Share: Sources

From Reuters


Brazilian state-run oil company Petroleo Brasileiro SA has relinquished control of the country’s biggest fuel distributor in a share offering, pushing ahead with a privatization drive under new Chief Executive Roberto Castello Branco.

The offering of Petrobras Distribuidora …

Source: Vantage Drilling

Petrobras to Privatize Brazil’s Top Gas Seller in $2 Billion Share Sale

From Reuters


Brazilian state-run oil company Petroleo Brasileiro SA is set to relinquish control of the country’s biggest fuel distributor in a share offering due to be priced late on Tuesday, pushing ahead with a privatization drive under new Chief …

Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

Source: Vantage Drilling

$728-Million Award for Vantage Drilling Upheld by U.S. District Court

Petrobras motion to vacate is struck down
By Tyler Losier

This Monday, Vantage Drilling International (stock ticker: VTGGF) announced in a press release that U.S District Court Judge Alfred H. Bennett of the Southern District of Texas had granted a

May 20, 2019 - 5:14 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles
Petrobras Throws Out Printers as CEO Focuses on Cost Cutting

Petrobras Throws Out Printers as CEO Focuses on Cost Cutting

From Bloomberg

Soon after taking over as chief executive officer of Brazil’s state-controlled oil giant Petrobras, Roberto Castello Branco noticed that there was a printer for each employee in a department, and ordered a review.

It was just the …

May 9, 2019 - 1:57 pm Closing Bell Story‎, Energy News, International
Brazil Expects Petrobras Reserves Payout Above $18 Billion

Brazil Expects Petrobras Reserves Payout Above $18 Billion

From Bloomberg

Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013.…

March 20, 2019 - 12:45 pm Closing Bell Story‎, Energy News
Source: Virginia Mercury

EIG Plans to Bid for Brazil Pipeline Network as Petrobras Sets Deadline

From Bloomberg

EIG Global Energy Partners plans to bid for Petrobras’s TAG natural gas pipeline network as the Brazilian oil giant is giving bidders just another three weeks to raise their offers.

The state-run company released details on the leading …

March 13, 2019 - 4:42 pm Closing Bell Story‎, Energy News
Source: Petrobras

Petrobras Shares Rise on Report Brazil Government to Pay Oil Firm $14 Billion

From Reuters

Common shares in state-controlled oil company Petroleo Brasileiro SA rose almost 4 percent on Monday after a newspaper said the government had settled on the amount it will pay the firm to settle a dispute over an oil-producing …

January 7, 2019 - 4:20 pm Closing Bell Story‎, Energy News
At Brazil’s Petrobras, a ‘Chicago Boy’ takes the reins

At Brazil’s Petrobras, a ‘Chicago Boy’ takes the reins

From Reuters

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil’s Petroleo Brasileiro SA (PETR4.SA), will either save the indebted oil major – or strip it to the bone.

Tapped by far-right President …

January 4, 2019 - 2:45 pm Closing Bell Story‎, Energy News
Source: Petrobras

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

From Houston Chronicle

Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.

Petrobras, which has struggled financially amid a nationwide corruption …

December 12, 2018 - 1:08 pm Closing Bell Story‎, Energy News, International
Source: Petrobras

Petrobras Sells Rights in 37 Oilfields for $823 Million

Sale of stake in 34 onshore fields in Rio Grande do Norte
Rio de Janeiro based Petrobras’ board of directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio

November 29, 2018 - 12:18 pm Closing Bell Story‎, International
New Petrobras CEO Rules Out Privatization, Wants Non-Core Asset Sales

New Petrobras CEO Rules Out Privatization, Wants Non-Core Asset Sales

From Reuters

A University of Chicago-trained economist named on Monday to head Brazil’s Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production.

Brazil’s incoming far-right …

November 21, 2018 - 1:04 pm Closing Bell Story‎, Energy News
Vantage Drilling Awarded $622 Million in Petrobras Arbitration

Vantage Drilling Awarded $622 Million in Petrobras Arbitration

Vantage Drilling International (OTCMKTS: VTGDF) announced today that it was successful in its previously disclosed arbitration with Petróleo Brasileiro S.A (NYSE: PBR).

The Tribunal found that Petrobras America, Inc. (PAI) and Petrobras Venezuela Investments & Services, BV (PVIS), both subsidiaries …

Petrobras Names CFO

Petrobras Names CFO

Petrobras informs that its Board of Directors, at a meeting held today, appointed the engineer Rafael Salvador Grisolia to the position of Chief Financial and Investor Relations Officer of the company, with an office term until March 26, 2019, the …

Oil Hedges: Brazil and Mexico

Oil Hedges: Brazil and Mexico

Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …

$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

Statoil ASA (ticker: STO) and Petroleo Brasileiro S.A. – Petrobras (ticker: PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The transaction nearly triples Statoil’s production in …

Petrobras Posts $5.1 Billion Loss

Petrobras Posts $5.1 Billion Loss

Analysts expected Petrobras to report positive numbers this quarter, but write-downs dragged

Brazil’s state-owned Petrobras (ticker: PBR) saw its stock drop about 5% in the opening minutes of its call as the company reported a 16.5 billion Brazilian reais ($5.1 …

Petrobras and Total Sign MOU for International Cooperation on Upstream and Downstream Projects

Petrobras and Total Sign MOU for International Cooperation on Upstream and Downstream Projects

Petrobras and Total partnership to focus on upstream, gas and power

The heads of Brazil’s state-owned Petrobras (ticker: PBR) and French oil major Total (ticker: TOT) announced today that the two companies signed a memorandum of understanding (MOU) to cooperate …