Petrobras
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The main activities of Petrobras are to create an infrastructure for exploration, production and supply of byproducts for the industrial progress of Brazil. These areas together operate with another eleven supporting entities called services and form the Petrobras System.
Two of these services are fundamental: the Research Center, that has one of the most advanced technologies in the world and attends several Petrobras segments, and the Engineering Service, responsible for putting the corporate projects into practice through its operations. Petrobras System includes four subsidiaries besides the holding operations: Petrobras Química S.A (Petroquisa), operating in the petrochemical industry, Petrobras Distribuidora S.A. - BR, in petroleum byproduct distribution, Petrobras Internacional S.A. - Braspetro, in exploration and production and in providing technical and administrative services overseas and Petrobras Gás S.A. - Gaspetro, responsible for the Bolivia-Brazil gas pipeline and Petrobras Transporte S.A. - Transpetro, created to execute the maritime shipping of the company activities. |
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Recent Articles
Technip Bags Major Contract for Petrobras Field
Wednesday, June 19, 2013 Technip announces it was awarded a major contract for the supply of flexible pipes for the Iracema Sul field by Petrobras.
Brazil Court Grants Petrobras Injunction in Tax-Payment Case
Saturday, June 15, 2013 Brazil's second-highest court grants Petrobras an injunction that suspends an outstanding tax bill, ensuring supplies of crude oil and fuels to Latin America's largest economy won't be interrupted.
Brazil Court Denies Petrobras Injunction in Tax Dispute
Friday, June 14, 2013 Brazil's second-highest court denied a request by state-run oil company Petrobras, for an injunction in a dispute over tax payments for offshore oil-platform leases.
Petrobras, Partners Awarded License Extension over Namibian Block
Friday, June 07, 2013 Petrobras and its partners in Block 2714A, offshore Nambia, are awarded a one-year license extension.
Brazil Bill Could Reduce Petrobras Stake in Pre-Salt Oil Fields
Wednesday, June 05, 2013 Brazil's Congress is considering a bill that would reduce the burden placed on Petrobras to develop pre-salt oil fields, potentially opening up the promising offshore region to greater private-sector investment.
Petrobras Approves Projects at Mature Fields in Bahia
Friday, May 31, 2013 Petrobras' board approves "three large investment projects" to recover oil and gas output at mature fields in the northeastern state of Bahia.
Statoil Completes Tanzania Farm-In
Friday, May 24, 2013 Statoil farms into Block 6, offshore Tanzania, for a 12-percent stake.
Thursday, May 23, 2013 Brazil will sell a prospect estimated to hold between 8 to 12 billion barrels of recoverable crude oil at its first-ever pre-salt auction in October, ANP says.
CFO: Petrobras May Sell Euro-Denominated Bonds in 2013
Wednesday, May 22, 2013 Petrobras could sell a euro-denominated bond in 2013 as part of efforts to raise an additional $9B from capital markets this year, Chief Financial Officer Almir Barbassa says.
Petrobras BP, Among Winners in Brazil's 11th Bidding Round
Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.
Petrobras Launches Sale of Bonds to Raise $11 Billion
Monday, May 13, 2013 Petrobras begins its enormous 2013 financing campaign with one of the largest bond issues this year.
Thursday, May 09, 2013 ANP Director Magda Chambriard reports significant interest in Brazil's upcoming 11th bidding round as Brazil pursues plans to double its oil and natural gas production.
Sete Brasil Remains in Talks with OSX to Build Two Drilling Rigs
Friday, May 03, 2013 Shipbuilder OSX Brasil, part of billionaire entrepreneur Eike Batista's industrial empire, remains in the hunt to build two drilling rigs for Sete Brazil.
Petrobras Sells Stake in Gulf of Mexico
Wednesday, May 01, 2013 Petrobras signs a Sale and Purchase Agreement (SPA) for the sale of the 20 percent stake the company holds in exploratory blocks in the Gulf of Mexico.
Tuesday, April 30, 2013 Brazil's job market and the upcoming round of bidding for offshore oil and gas concessions create a positive landscape for job seekers.
Petrobras Sees 2014 Crude Oil Production 'Significantly Higher'
Monday, April 29, 2013 Petrobras expects crude oil production to surge in 2014 as the company ramps up output on seven new production platforms that will be installed this year, Jose Miranda Formigli says.
Petrobras First-Quarter Profit Slides, but Beats Estimates
Sunday, April 28, 2013 Declining crude-oil production undercut 1Q net profits at Petrobras, but recent increases to domestic fuel prices and a shift to greater imports of crude oil helped the company beat analysts forecasts.
Friday, April 19, 2013 Petrobras is in talks with the world's largest oil companies about forming partnerships to bid for new concessions at a much-anticipated auction set for next month, Maria das Gracas Foster says.
Technip Wins Brazilian FPSO Contract
Wednesday, April 17, 2013 Technip wins 'substantial contract' from PNBV to support the construction of the P-76 FPSO vessel.
FMC Technologies Signs Subsea Services Agreement with Petrobras
Monday, April 15, 2013 FMC Technologies signs a four year frame agreement with Petrobras to provide subsea services for its fields offshore Brazil.
