Petrobras Company News

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Baker Hughes Adds to String of Brazil Contract Wins
Baker Hughes this year has won contracts to supply flexible pipe for five of Petrobras' offshore fields.
8:00 PM EST | June 30, 2021
Brazil Subsea Contract Worth Up to $500MM
Petrobras has awarded TechnipFMC a "substantial" subsea contract.
8:00 PM EST | June 29, 2021
Petrobras Awards $2.3B FPSO Contract
It will be the eighth FPSO to operate in the Buzios field. PHOTO SOURCE: Andre Ribeiro/Petrobras Agency
8:00 PM EST | June 14, 2021
Brazil Needs More LNG Amid Worst Drought in Decades
Latin America's biggest economy is becoming a hot spot for LNG as hydropower output declines.
8:00 PM EST | June 02, 2021
$2.3B FPSO Order Goes to Keppel
Keppel O&M is carrying out the project at multiple locations.
8:00 PM EST | May 10, 2021
Baker Hughes Wins Brazil Subsea Contract
Petrobras has awarded Baker Hughes a subsea oilfield equipment contract. PHOTO SOURCE: Baker Hughes
8:00 PM EST | May 03, 2021
TechnipFMC Wins Petrobras Subsea Contract
Petrobras has awarded TechnipFMC a subsea contract for two of its offshore Brazil fields.
8:00 PM EST | April 20, 2021
Army General Set to Run Petrobras
The abrupt leadership change has led to a slew of defections from the company's board and management team.
8:00 PM EST | April 12, 2021
Equinor and Partners Choose Concept for Offshore Brazil Field
Equinor, Repsol Sinopec Brasil, and Petrobras have approved a development concept for the BM-C-33 gas/condensate field.
8:00 PM EST | March 21, 2021
Petrobras Awards Contract for Buzios FPSO
The FPSO will be the largest oil-producing unit offshore Brazil, according to SBM Offshore.
7:00 PM EST | March 01, 2021
New Petrobras Chief Seeks Ongoing Outside Investment
Brazil's president last week abruptly named a former defense minister to lead the state-controlled company.
7:00 PM EST | February 23, 2021
Petrobras Awards Deepwater 3D Surveys
Shearwater will deploy its SW Diamond vessel for the contract. PHOTO SOURCE: Shearwater GeoServices
7:00 PM EST | February 17, 2021
Transocean Wins Drilling Contracts
Transocean has garnered several new drilling contracts and contract extensions during the past quarter.
7:00 PM EST | February 16, 2021
Petrobras and ExxonMobil Strike Oil in Campos
Petrobras on Friday reported a new discovery in the pre-salt Campos Basin offshore Brazil.
7:00 PM EST | January 28, 2021
Petrobras Sets Production Record
The Brazilian state-run giant reported Thursday an all-time high for oil production.
7:00 PM EST | January 07, 2021
Oil Demand Surges in Brazil
Brazil is providing one of the few bright spots for oil demand outside of Asia.
7:00 PM EST | December 08, 2020
Petrobras Chief Likens Net Zero to Fad
His stance more or less echoes ExxonMobil and Chevron's.
7:00 PM EST | December 01, 2020
Transocean Wins Petrobras Contract Extensions
Petrobras has extended contracts for a pair of Transocean ultra-deepwater drillships.
7:00 PM EST | November 18, 2020
$455MM in Brazil Contracts Go to Oilfield Services Trio
First oil from Bacalhau is projected for 2024. PHOTO SOURCE: Equinor
7:00 PM EST | November 09, 2020
Offshore Brazil Contract Goes to Oceaneering
Oceaneering will provide Petrobras BOP tethering services. IMAGE SOURCE: Oceaneering
8:00 PM EST | October 13, 2020
Feds Indict Former Oil Trader in Ecuador Bribery Probe
A former manager at the world's largest independent oil-trading firm, was indicted for allegedly bribing Ecuadorian government officials to get business for his firm with state-owned Petroecuador.
8:00 PM EST | September 22, 2020
Petrobras Eyes Its Next Buzios FPSO
Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.
8:00 PM EST | September 15, 2020
TechnipFMC Wins Brazil Subsea Contract
Petrobras has awarded TechnipFMC an EPIC contract for the Libra Consortium’s Mero 2 project.
8:00 PM EST | August 20, 2020
Petrobras Exiting Shallow Water Ceara Fields
Petrobras is the operator in the four fields with 100 percent participation.
8:00 PM EST | June 21, 2020
Petrobras Selling Alagoas Field Stake
In addition to the concessions and their production facilities, the offering includes the Natural Gas Processing Unit in Alagoas.
8:00 PM EST | June 17, 2020
Petrobras Extends FPSO Contract with BW Offshore
BW Offshore has received an extension agreement for the BW Cidade de Sao Vicente FPSO vessel from Petrobras.
8:00 PM EST | June 08, 2020
Petrobras Divesting Partial Stake in Espírito Santo Basin
The concessions are strategically positioned in relation to key post-salt discoveries.
8:00 PM EST | June 02, 2020
Petrobras Moves Forward with Camamu Stake Sale
The sale is in line with the company's strategy of optimizing its portfolio and increasing the focus in deep and ultra-deep waters.
8:00 PM EST | June 01, 2020
Petrobras Books Hefty 1Q Impairment on Oil, Gas Assets
The company wrote off the entire value of its shallow-water assets.
8:00 PM EST | May 17, 2020
Petrobras Confirms Covid-19 Cases on Xareu Platforms
All underwent RT-PCR testing, are in isolation and being monitored by health teams.
8:00 PM EST | May 13, 2020
Petrobras Plans to Divest Manati Field Stake
Petrobras is the operator with a 35 percent interest.
8:00 PM EST | May 04, 2020
Sumitomo Joins Yinson in Petrobras FPSO Project
The agreement grants Sumitomo a 25-percent interest in the FPSO Anna Nery project that Petrobras awarded Yinson last fall.
8:00 PM EST | April 29, 2020
Petrobras Switches Gears on Production Cuts
Plans are also underway for initiatives that expand oil export capacity.
8:00 PM EST | April 28, 2020
BW Offshore Gets FPSO Contract Extension
With this update the contract will expire on June 11, 2020.
8:00 PM EST | April 28, 2020
Petrobras Hits Oil in Santos Basin Pre-Salt
The pioneer well is about 200 km off the coast of the city of Santos, at a water depth of 1,995 meters.
8:00 PM EST | April 05, 2020
Petrobras Cuts Capex, Oil Output Amid Market Turmoil
Salary cuts, postponed dividend payments and delayed exploration are all part of the survival plan.
8:00 PM EST | March 26, 2020
Murphy and Petrobras Award Five-year FPSO Contract
The MP GOM partnership between Murphy EXPRO and Petrobras America has hired the BW Pioneer FPSO for at least five years.
8:00 PM EST | March 18, 2020
Allseas Drillship to Pursue Deep-Sea Metals
Allseas will equip the Vitoria 10000, above, with a riser to recover rocks laden with valuable metals from the ocean floor. PHOTO SOURCE: Allseas Group S.A.
7:00 PM EST | March 04, 2020
Offshore Drilling Contractor Hits Full Utilization
Constellation Oil Services has signed a three-year contract with Petrobras for the Atlantic Star semi-submersible rig.
7:00 PM EST | February 10, 2020
Petrobras and Chevron Selling Stake in Papa-Terra Field
Papa-terra field is part of the BC-20 concession and is located at a water depth of 1,200 meters.
7:00 PM EST | February 03, 2020
Brazil Aiming to Double its Oil Production
Future expansion depends on access to capital, high-end tech from foreign investors and big oil companies with deepwater and pre-salt expertise.
7:00 PM EST | November 28, 2019
Petrobras CEO Blames High Price Tag for Auction Flop
Brazil had its second failed oil auction in two days, prompting government officials and the head of the state-run producer to criticize bidding rules.
7:00 PM EST | November 06, 2019
Brazil's Largest Ever Oil Auction Flops
State-controlled Petrobras did most of the bidding while other major oil companies stayed away.
7:00 PM EST | November 05, 2019
Priciest Oil Auction Could Raise $50B in Brazil
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation.
8:00 PM EST | October 20, 2019
Deepwater Transformation Sparking New Interest
Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.
8:00 PM EST | October 16, 2019
Mexico's Growing Reliance on US Oil Will Continue
Proven oil reserves in Mexico have collapsed from 50 billion barrels 20 years ago to just 8 billion barrels today.
8:00 PM EST | September 12, 2019
Petrobras Ordered to Fuel Stranded Iranian Ships
A Brazilian top court justice ordered Petrobras to refuel two Iranian ships stranded off the country's coast after the state-controlled oil company refused to do so for fear of U.S. sanctions.
8:00 PM EST | July 24, 2019
Chevron Becomes Texas Refiner
Petrobras had been the sole owner of the facility since 2008.
8:00 PM EST | May 01, 2019
Petrobras Hires Transocean Drillships
The total estimated firm backlog for both drillships amounts to more than $240 million.
8:00 PM EST | March 10, 2019
8-Year Petrobras Contract Starts for TechnipFMC-DOF
A joint venture of TechnipFMC and DOF Subsea owns the new flexible lay and construction vessel.
7:00 PM EST | February 18, 2019