Petrobras Company News

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Murphy Oil and Petrobras to Form Gulf of Mexico JV
Thursday, October 11, 2018 The companies have entered into a joint agreement to combine both companies' Gulf of Mexico assets.

Offshore Brazil Contract Extension Goes to Transocean
Friday, September 28, 2018 Transocean has won a 790-day contract extension from Petrobras.

Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours
Wednesday, August 22, 2018 Petrobras may begin procedures to reopen its largest refinery.

Brazil's Petrobras Sees No Fuel Supply Shortage After Replan Fire
Monday, August 20, 2018 A fire at the company's largest Sao Paulo refinery is not expected to compromise fuel supplies in the short run.

Petrobras Suspends Asset Sales After Court Decision About Privatization
Tuesday, July 03, 2018 Petrobras suspends some asset sales after a Supreme Court decision ruled privatization processes must be approved by the nation's Congress.

Adviser: Leftist Presidential Hopeful Would End Brazil Oil Refining Monopol
Wednesday, June 13, 2018 The leading leftist candidate in Brazil's presidential race, Ciro Gomes, would end the refining monopoly of Petrobras, a senior adviser says.

Petrobras CEO Resigns as Strikes Take Down Market Favorite
Friday, June 01, 2018 Pedro Parente resigns as Petrobras chief executive officer.

Petrobras, Engie Extend Period To Negotiate Contract Of Pipeline Network
Friday, June 01, 2018 Petrobras extends the deadline for discussion with Engie about the sale contract for a major pipeline network, sources say.

Sources: Petrobras Pricing Pressure Spooks Potential Refinery Buyers
Thursday, May 24, 2018 A surprise decision by Petrobras to cut diesel prices in response to truckers' protests is worrying some potential buyers.

Report: Petrobras CEO Sees Possible Rise In Capital Spending
Friday, May 18, 2018 Petrobras may raise its capital expenditure program.

CEO: Brazil's Braskem To Talk New Naphtha Contract With Petrobras
Thursday, May 10, 2018 Braskem will soon start to negotiate a long-term contract to buy naphtha from its shareholder Petrobras.

Petrobras' Profit Jumps On Asset Sales, Higher Oil Prices
Tuesday, May 08, 2018 Petrobras reports a 57% surge in quarterly profit.

Brazil's Petrobras Starts Binding Phase Of Pasadena Refinery Sale
Friday, May 04, 2018 Petrobras is starting the binding phase of the sale of its Pasadena, Texas-based refinery.

Petrobras Is Said to Receive Three Bids for Natural Gas Unit
Friday, April 20, 2018 etrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system, said people knowledgeable on the matter.

Petrobras Refining Partnership Deals Likely Only in 2019 - CEO
Thursday, April 19, 2018 Petrobras has also unveiled a model for future partnerships in refining.

Petrobras To Invest 137 Million Reais Iin Sao Paulo Refinery
Thursday, March 08, 2018 Petrobras says it will invest 137 million reais this year in the Presidente Bernardes refinery.

Petrobras Chief Says US Refinery Sale Ongoing, No Plans To Build Elsewhere
Monday, March 05, 2018 Petrobras is continuing with its efforts to sell a Pasadena, Texas oil refinery and has no plans to build another plant.

Petrobras to Sell Pasadena, Texas, Refinery
Tuesday, February 06, 2018 Petrobras said it had started taking steps to sell its refinery in Pasadena, Texas, an installation ensnared in Brazil's largest corruption scandal.

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
Thursday, December 14, 2017 ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

Natural Gas In Petrobras Pipelines Up About 23% In 2017
Tuesday, December 05, 2017 The supply of natural gas in Petrobras' pipeline network likely grew about 23% this year.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges
Thursday, November 09, 2017 Two former executives at SBM Offshore NV have pleaded guilty to US charges.

CEO: Brazil's Petrobras Could Bid On More Blocks In Pre-Salt Auction
Tuesday, October 24, 2017 Petrobras could bid on more blocks in an auction of Brazil's pre-salt offshore area this week.

Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad
Wednesday, October 04, 2017 ANP approves a request by the consortium exploring the potentially oil-rich Libra area.

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Friday, September 29, 2017 Exxon has spent heavily this year on oil and natural gas expansion projects to replenish its diminishing reserves.

Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.

Petrobras CEO Says Transfer Of Rights Talks Still Ongoing
Wednesday, September 20, 2017 It is unclear when talks will conclude with the government on a revaluation of stakes in offshore oil blocks known as 'Transfer of Rights' areas, a Petrobras executive says.

Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt
Monday, September 18, 2017 Petrobras will issue up to $2 billion in new bonds as part of a plan to repurchase shorter-dated, expensive securities

Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin
Tuesday, August 29, 2017 Brazil's environmental regulator Ibama says it has rejected Total's environmental study on drilling in the Foz do Amazonas basin.

Petrobras Sends Information On Northeast Brazil Fields To Potential Bidders
Monday, August 28, 2017 Petrobras has provided additional information on several fields in northeast Brazil to potential bidders, according to a Monday securities filing.

Brazil to Crack Down on Ships Sold Into 'Toxic' Scrap Trade
Thursday, August 24, 2017 Brazilian regulators are planning to strengthen rules to prevent exporters from selling aging ships to buyers who offload the vessels in South Asia's controversial coastal scrapyards.

Petrobras Says Test Production In Libra Area To Start In Weeks
Tuesday, August 22, 2017 Oil production from the first rig to operate in Brazil's offshore Libra area should start in late September or October.

Ex-Petrobras CEO Bendine Charged With Corruption In Brazil
Tuesday, August 22, 2017 Brazilian prosecutors charge Aldemir Bendine, the former chief executive of Petrobras with corruption.

Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B
Friday, August 18, 2017 Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.

Brazil Authorizes Petrobras To Export Idle LNG Cargoes
Wednesday, August 09, 2017 Petroleo Brasileiro SA has been authorized to export idle LNG in the spot market.

Petrobras CEO: Pre-Salt Oil Extraction Costs $8 Per Barrel
Tuesday, August 08, 2017 Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petrobras CEO Pedro Parente said at an event in Sao Paulo.

Brazil Pre-Salt Oil Output Surpasses All Other Fields In June
Monday, July 31, 2017 Brazil oil production rises .8 percent in June from May to an average of 2.675 million barrels per day.

Brazil Mulls Easing Local Content Rules in Older Oil Contracts
Tuesday, July 18, 2017 Many key crude projects have been put on ice in Brazil due in part to steep costs stemming from tough local content rules.

Brazil Reverses Preliminary Decision On Petrobras Hedge Accounting
Wednesday, July 12, 2017 CVM has reversed a preliminary decision ordering Petrobras to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items.

Petrobras Revives Plan for IPO of Fuel Distribution Unit
Friday, June 23, 2017 Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.

Brazil's Petrobras Says One Dead In NS 32 Drillship Explosion
Friday, June 09, 2017 Petrobras reports an explosion on the NS 32 drill ship, which is operated by Odebrecht Oleo e Gas, according to a statement.

Petrobras Sees Room For More Efficient Payroll, CAPEX
Friday, May 12, 2017 Petrobras has room to improve the efficiency of its investments and payroll spending, executives say.

Petrobras Eyes Adding Texas, African Assets to Asset Sale Plan
Wednesday, May 10, 2017 Bloomberg News reported earlier this week Petrobras could raise less than $200 million with the sale of a Pasadena, Texas, refinery, down from the $1.2 billion it originally paid for the asset.

Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017 Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.

Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
Tuesday, May 02, 2017 The Petrobras asset sales are far from over, and they will now include refineries.

Petrobras CEO Says Oil Price Slump Won't Hinder Asset-Sale Plan
Tuesday, May 02, 2017 Oil's lackluster price performance this year is unlikely to hamper Petrobras' plan.

Brazil To Get Data For Revision Of Large Petrobras Contract In May
Monday, April 10, 2017 ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho says.

Petrobras CEO Sees Debt Falling Below Target By End 2018
Tuesday, April 04, 2017 Petrobras could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, CEO Parente says.

Petrobras Eyes Five Major Assets in New Divestment Program
Friday, March 31, 2017 Brazil's state-run oil company Petrobras is eyeing five major assets for a renewed divestment program to be formalized in the next two weeks.

Petrobras Board Extends CEO Parente's Term Until March 2019
Monday, March 27, 2017 Petrobras' board votes to extend Chief Executive Pedro Parente's term for two years, until March 2019.