Petrobras, Oil Discovery in Shallow Campos Basin Waters

Thursday, February 11th, 2010

Petróleo Brasileiro S.A. - Petrobras announces it has completed the drilling of exploratory well 4-PM-53 in shallow waters (200 meters) in the post-salt area of the Campos Basin. The ...


Aker Solutions with lowest bid for subsea frame agreement

Thursday, January 28th, 2010

Aker Solutions is the lowest bidder for a four-year frame agreement to supply 61 subsea trees to Brazilian national oil company Petrobras. This has been announced at a public bid ...


Petrobras, Restructure of the Petrochemical Segment

Monday, January 25th, 2010

Petrobras informs its shareholders regarding a Material Fact announced today by the Company and its wholly-owned subsidiary Petrobras Química S.A. – Petroquisa (jointly, Petrobras), together with Odebrecht S.A and Braskem ...


Aker Solutions to supply subsea boosting systems to Petrobras

Tuesday, January 5th, 2010

Aker Solutions has signed a contract with Petrobras to supply eight subsea boosting systems (Mobo) and one ESDV (emergency valve) for the Jubarte field, located in the north of Campos ...


Aker Solutions to supply subsea boosting systems to Petrobras

Tuesday, November 24th, 2009

Aker Solutions has signed a contract with Petrobras to supply eight subsea boosting systems (Mobo) and one ESDV (emergency valve) for the Jubarte field, located in the north of Campos ...


Test in the Tupi area proves high productivity

Thursday, November 19th, 2009

 PETROBRAS, announces that the two formation tests for well 4-RJS-647 (4-BRSA-711-RJS), located in the Tupi Assessment Area, in ultra-deep Santos Basin waters and informally known as Iracema, have been completed ...


Petrobras, Natural gas liquefaction project in the Pre-Salt

Wednesday, November 18th, 2009

Petrobras announces it formalized with the BG Group, today, the incorporation of a joint venture to develop the FEED (Front End Engineering and Design) aiming to build an onboard natural ...


Light oil discovery in the Santos Basin

Tuesday, November 17th, 2009

Petrobras, announces it has completed the drilling of exploratory extension well 3-MA-32A, located in shallow waters in a new producing area that extends to the north of the Marimbá field ...


Tupi Evaluation Plan

Friday, November 13th, 2009

Petróleo Brasileiro s/a - Petrobras, announces that it has completed the drilling of the fourth well in the Tupi Evaluation Plan area and that the results reinforce the estimations of ...


Acquisition in Chile

Thursday, November 5th, 2009

PETROBRAS, announces it executed yesterday the acquisition of Chevron Chile S.A.C., a Chilean company which produces and markets the Texaco brand lubricants in Chile. The acquisition includes a lubricant plant ...


The Energy Department said that the US crude oil stockpiles fell 4.73 million barrels to 332.8 million last week ; Net hydrocarbon column of approximately 36.3 meters discovered by Ghana National Petroleum Corporation

Friday, September 18th, 2009

The Sankofa-A1 well drilled at Cape Three Points Block on Ghana's offshore by Ghana National Petroleum Corporation (GNPC) in conjunction with Vitol Upstream Ghana Limited (Vitol) discovered a net hydrocarbon ...


New accumulation in the Santos Basin Pre-Salt

Tuesday, September 15th, 2009

PETROBRAS announces a new discover in the Santos Basin pre-salt BM-S-9 concession area, in ultra-deep waters. The well 4-SPS-66C (4-BRSA-723C), know as Abaré Oeste, proved the presence of oil and natural ...


Petrobras, New accumulation in the Pre-salt proves high productivity

Wednesday, September 9th, 2009

PETROBRAS, announces that the formation test at well 1-SPS-55 (1-BRSA-594), in block BM-S-9, in deep Santos Basin waters, informally known as Guará, has been completed and has proved the very ...


Petrobras, Tupi well test re-started

Wednesday, September 9th, 2009

PETROBRAS, announces oil and natural gas production has been resumed for the Extended Well Test (EWT) for the Tupi Area, in the Santos Basin’s Pre-Salt Pole, on September 5.   Well 3-RJS-646 ...


Petrobras` listing on the Dow Jones Index renewed

Friday, September 4th, 2009

PETROBRAS, announces that for the fourth year in a row it has earned the right to be listed on the Dow Jones Sustainability World Index (DJSI), the world’s most important ...


Petrobras: New exploration and production regulatory model

Thursday, September 3rd, 2009

Petróleo Brasileiro S.A. – Petrobras informs that the President of Brazil submitted to Congress the new proposed legislation for the oil and gas industry. The proposals are based on studies ...


PETROBRAS,Clarification about news: acquisitions

Wednesday, August 26th, 2009

 PETROBRAS, regarding the news published by the press about potential acquisitions by Petrobras in the petrochemical and biofuel segments, wishes to clarify that is party of its business to constantly ...


Petrobras Announces Second Quarter 2009 Earnings of R$ 7.7 bi

Tuesday, August 18th, 2009

PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces its consolidated results of the second quarter 2009 (2Q09), in accordance with generally accepted accounting practices in Brazil (BR GAAP).   The net income was R$ ...


Petrobras , closing of the R$ 25 billion Loan with BNDES

Friday, July 31st, 2009

PETROBRAS announces that, together with its subsidiaries Transportadora Associada de Gás S/A (TAG) and Refinaria Abreu e Lima S/A (RNEST), closed today a loan agreement with the Brazilian National Development ...


PETROBRAS, Clarification on recent news: BM-S-22

Friday, July 10th, 2009

PETROBRAS, responding to Brazilian Securities Exchange Commission written notice - CVM/SEP/GEA-2/n.204/2009, hereby clarifies, certain aspects of articles published in the Brazilian press , titled respectively “Pre-salt well does not bear ...


Re-opening of US$ 1.25 billion Global Notes due 2019

Friday, July 10th, 2009

PETROBRAS announces that,  its wholly owned subsidiary Petrobras International Finance Company (“PifCo”) closed today the re-opening of the  of Global Notes due March 15, 2019 in the amount of US$ ...


Memorandum of Understanding with Gerdau and CSN

Thursday, July 9th, 2009

PETRÓLEO BRASILEIRO S/A - PETROBRAS announces that it has signed a Memorandum of Understanding with the Brazilian companies, Gerdau S.A and Companhia Siderúrgica Nacional (CSN) regarding the joint study for ...


Uruguay received offers for offshore exploration and production

Monday, July 6th, 2009

Despite all the international difficulties for investments in new areas for oil exploration, the oil giant PETROBRAS, YPF and GALP formed a consortium to present E&P bids for two of ...


Fitch maintains Petrobras Investment Grade ratings

Tuesday, June 30th, 2009

PETROBRAS announces that Fitch Ratings (“Fitch”) has maintained the debt rating of Petrobras and of its wholly owned subsidiary PifCo (Petrobras International Finance Co.) at the following levels: BBB in ...


Fitch maintains Petrobras Investment Grade ratings

Tuesday, June 30th, 2009

PETROBRAS announces that Fitch Ratings (“Fitch”) has maintained the debt rating of Petrobras and of its wholly owned subsidiary PifCo (Petrobras International Finance Co.) at the following levels: BBB in ...


Memorandum of Understanding with Vale for Exploration in the State of Espírito Santo

Thursday, June 25th, 2009

PETROBRAS, informs that it has signed today a Memorandum of Understanding with Vale S.A. which establishes the framework for a partnership to explore and produce oil and natural gas in ...


Payment of Interest on own Capital

Thursday, June 25th, 2009

PETROBRAS, informs that, the Board of Directors, meeting today, approved an anticipated payment of interest on own capital to its shareholders, in accordance with Brazilian legislation (Article 9 of Law ...


Moody’s maintains Petrobras’ foreign currency and Investment Grade ratings

Friday, June 19th, 2009

 PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that Moody’s Investor Services has maintained the Baa1 currency debt rating ...


Petrobras starts production at two gas fields in Espírito Santo

Tuesday, June 16th, 2009

PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that it kicked-off production at the Cangoá and Camarupim gas fields on June 10th, off ...


Oil News from around the web, light sweet crude for July delivery, was off 21 cents to 72.47 dollars a barrel. Brent North Sea crude for July delivery dropped 44 cents to 71.35 dollars

Friday, June 12th, 2009

Oil demand is still shrinking as the world economy contracts, Opec said today, but the worst appears to be over for the oil market and stocks should be moving back ...


GE Oil & Gas Wins $250 Million Contract from Petrobras to Supply 250 Subsea Wellhead Systems for Brazil Offshore Drilling Projects

Wednesday, June 10th, 2009

Industry-Wide, Three-Year Frame Agreement Largest Ever Wellhead Contract Awarded to Date RIO DE JANIERO, BRAZIL — June 8, 2009 — GE Oil & Gas, a world leading company in oil and ...


Oil News from around the web, Crude oil for July 2009 delivery gained ; Azeri offshore Shah Deniz gas field

Friday, June 5th, 2009

Brent crude for July 2009 delivery increased as much as $0.59, or 0.9%, to $69.30 a barrel on London’s ICE Futures Europe exchange. Crude oil for July 2009 delivery gained ...


Third well indicates Tupi potential

Friday, June 5th, 2009

PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that the drilling of an additional well in the Tupi area has further confirmed estimates ...


Hydrocarbon discovery in the Santos Basin

Wednesday, May 13th, 2009

PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that the consortium formed by Repsol (Operator - 40%), Petrobras (35%), Vale (12.5%), and Woodside ...


PETROBRAS, Memorandum of Understanding with Mitsui Corporation

Thursday, May 7th, 2009

PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that it celebrated yesterday Memorandum of Understandings (MOU) with Mitsui Corporation ...