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Petrobras Reports best quarterly result of the last five years

Petrobras Reports best quarterly result of the last five years

May 11, 2018 No Comments

Petrobras reported a net profit of R$ 6.96 billion in the first quarter of 2018, the best quarterly result since the beginning of 2013, when the company had earned R$ 7.69 billion, and ended the quarter with positive results in its safety metric. “We are following exactly what we promised in our business plan announced […]

Start of the binding phase for Piranema and Piranema Sul fields

Start of the binding phase for Piranema and Piranema Sul fields

April 24, 2018 No Comments

Petrobras, further to the Material Fact disclosed on 03/09/2018, informs the start of the binding phase regarding the sale of its entire stake in Piranema and Piranema Sul fields. At this stage of the project, the invitation letters are issued to potential buyers qualified in the previous phase, with the instructions about the divestment process, […]

Golar Power Closes on 1.5GW Sergipe Power Project

Golar Power Closes on 1.5GW Sergipe Power Project

April 19, 2018 No Comments

Golar LNG Limited (“Golar”) announces today that Golar Power Limited (“Golar Power”), a joint venture with Stonepeak Infrastructure Partners, has reached financial closing on the 1.5GW Porto de Sergipe I Power Project (the “Project” or “Sergipe TPP”). Located in Sergipe, NNE of Brazil, the Project will be the largest and most efficient thermoelectric power plant […]

Atlas Renewable acquires Guajiro Solar Project

April 10, 2018 No Comments

Atlas Renewable Energy announced today that it acquired from SunPower Corp. (NASDAQ: SPWR) the Guajiro solar project in Mexico, with a planned capacity of 126.5 megawatts (MWp) peak (101.4 MW), in the municipality of Nopala de Villagran, state of Hidalgo. The project, which is expected to be commissioned in the second quarter of 2019, will […]

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Shell expands Brazil operated footprint

Shell expands Brazil operated footprint

March 30, 2018 No Comments

Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks. In the 15th deep-water bid round organized by the Brazilian National Petroleum Agency (ANP), Shell secured one exploration block on its […]

Statoil awarded four blocks offshore Brazil

Statoil awarded four blocks offshore Brazil

March 29, 2018 No Comments

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects. A consortium comprising Petrobras (30%), ExxonMobil (40%) and Statoil (30%), presented the winning bid for the […]

Petrobras Oil & Gas B.V. divestment: Start of the binding phase

Petrobras Oil & Gas B.V. divestment: Start of the binding phase

March 9, 2018 No Comments

Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/07/2017 and press release disclosed on 11/17/ 2017, hereby announces the start of the binding phase regarding the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project, the process letters to the binding phase […]

PETROBRAS TO SETTLE CLASS ACTION IN US

PETROBRAS TO SETTLE CLASS ACTION IN US

March 2, 2018 No Comments

Brazil’s government-controlled oil giant Petrobras announced it was granted preliminary approval by the New York Federal Court for a deal to settle the class action filed by investors against the firm. The case had stemmed from allegations made as part of Operation Car Wash. The agreement is intended “to resolve all pending and prospective claims […]

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Aker Solutions Wins Services Contract from Petrobras in Brazil

Aker Solutions Wins Services Contract from Petrobras in Brazil

February 8, 2018 No Comments

Aker Solutions won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market. The four-year contract is valued at about NOK 800 million and includes an option for a one-year extension. The order covers a range of services […]

Petrobras And Total Complete The Transfer Of Rights In The Lapa And Iara Concessions,

Petrobras And Total Complete The Transfer Of Rights In The Lapa And Iara Concessions,

January 15, 2018 No Comments

Petrobras and Total announce today that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions: Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos […]

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