Tag Archive

Petrobras paid R$ 425 million as a result of leniency agreements and repatriations

Petrobras paid R$ 425 million as a result of leniency agreements and repatriations

July 26, 2019 No Comments

Petrobras reports that it received this week R$ 425 million as a result of leniency agreements and repatriations carried out by the Federal Prosecutor’s Office. Thus, the total amount of funds returned to the company as a result of cooperation, leniency agreements and repatriation exceeds R$ 4 billion. Such return involves: (i) R$ 313 million, […]

Petrobras wins favorable Supreme Court decision

Petrobras wins favorable Supreme Court decision

June 11, 2019 No Comments

Petrobras announced that the Plenary of the Federal Supreme Court (STF) reversed the provisional injunction granted by Minister Ricardo Lewandowski in ADI 5624, which conditioned the sale of control of subsidiaries and subsidiaries of state-owned companies to prior legislative authorization and public bidding. Petrobras continues with its divestments, fundamental for reducing its level of indebtedness […]

Petrobras settles Braskem leniency Issue

Petrobras settles Braskem leniency Issue

June 11, 2019 No Comments

Petrobras says it received approximately R$ 265 million, as a result of a leniency agreement of Braskem with the Comptroller General of the Union (CGU) and the Federal Attorney General (AGU). Braskem had already returned R$ 564 million to Petrobras (R$ 363 million on 12/07/2017 and R$201 million on 08/08/2018), due to the leniency agreement […]

TechnipFMC and DOF Subsea  Commence Contract with Petrobras

TechnipFMC and DOF Subsea Commence Contract with Petrobras

February 19, 2019 No Comments

TechnipFMC (NYSE:FTI) and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras). Skandi Olinda has state-of-the-art pipelay and marine technology. She has a 340-ton Vertical Lay […]

TechnipFMC Awarded EPCI Contract in Brazil

TechnipFMC Awarded EPCI Contract in Brazil

February 6, 2019 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded by Petrobras, on behalf of the Libra Consortium, comprised of Petrobras, Shell, Total, CNOOC Limited, CNPC and Pré-Sal Petróleo (PPSA), a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore […]

Chevron to Buy Petrobras’s  Pasadena Refinery System for $350 million

Chevron to Buy Petrobras’s Pasadena Refinery System for $350 million

January 31, 2019 No Comments

Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 million, […]

Petróleo Brasileiro 2019-2023 Business and Management Plan

Petróleo Brasileiro 2019-2023 Business and Management Plan

December 9, 2018 No Comments

Petrobras reports that its Board of Directors has approved, in a meeting held yesterday, the 2040 Strategic Plan and the 2019-2023 Business and Management Plan, prepared in an integrated manner. 2019-2023 Business and Management Plan Integrated into the Strategic Plan, the Business and Management Plan details the operational planning, with a focus on safety, as […]

Shell adds new, deep-water production in Brazil

Shell adds new, deep-water production in Brazil

October 25, 2018 No Comments

New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. The FPSO P-69 is a standardized production vessel offshore Brazil with a capacity for 150,000 barrels of […]

P-69 starts operation in Lula field, Pre-salt of Santos Basin

P-69 starts operation in Lula field, Pre-salt of Santos Basin

October 25, 2018 No Comments

Petrobras announced that it has started, with its partners in the BM-S-11 Consortium, production of oil and natural gas in the Lula Extremo Sul area, in the pre-salt of Santos Basin, by means of platform P-69, eighth unit installed in the Lula field. The FPSO (floating production, storage, and offloading unit of oil and gas) […]

Aker Solutions Wins Subsea Order for Libra’s Mero Field Offshore Brazil

Aker Solutions Wins Subsea Order for Libra’s Mero Field Offshore Brazil

October 5, 2018 No Comments

Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area. The subsea production system will consist of 12 vertical subsea trees designed for Brazil’s pre-salt, four subsea distribution […]

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