Petrobras completed the first well in the Santos Basin’s Libra pre-salt field last week, with the anticipation of starting production next year, connected to the Pioneiro de Libra floating production and storage offloading (FPSO) unit. The West Carina…
Petroleo Brasileiro (Petrobras) is once again decreasing its capex by 25%, the company revealed as part of its 2017-2021 business and management plan today (20 September). Libra operations. Image from Petrobras…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Petrobras has relaunched the bid process for its Libra Pilot floating production and storage offloading vessel (FPSO), following the cancelation of the previous bid process due to “an abnormally high price.” Image of Libra field operations…
Brazilian prosecutors have rejected the leniency agreement reached between SBM Offshore and Brazilian authorities in mid-July that could lead to a loss of US$12.7 billion. Image from SBM Offshore…
Norwegian giant Statoil and Brazilian giant Petrobras entered into a two-year memorandum of understanding (MoU) to strengthen cooperation between the two offshore Brazil. Statoil CEO, Eldar Sætre (left)…
Quest Offshore provides a look at subsea processing systems by type. Subsea Processing Project List (Onstream 2010+) Subsea Processing Application Region Operator Project Boosting Africa/Mediterranean…
SBM Offshore and Petróleo Brasileiro (Petrobras) will resume normal business relationships after a US$163 million settlement agreement over allegations relating to the Lava Jato scandal was reached amongst the Dutch floating production specialist firm and Brazilian authorities last week…
Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process. Image from Petrobras. The Brazilian…
Brazil's interim president, Michel Temer, has named a new CEO for the country's national oil company Petrobras. Petrobras announced today that it was informed Thursday, 19 May, of the decision to appoint Pedro Parente, an engineer, to Petrobras' board and to the position of CEO…
Brazil’s National Petroleum Agency (ANP) granted a 27-year extension to Petróleo Brasileiro (Petrobras) for two concession contracts in the Campos basin, offshore Brazil that will lead to the drilling of 10 new wells. Image from Petrobras…
A RIP Industrial Services worker died over the weekend, after falling 12m from a Petrobras platform, offshore Brazil. According to the Sindipetro-NF workers’ union, Victor Geraldo Brito, 29, fell from the Cherne-2 platform (PCH-2), from 12m high and did not survive the impact…
Overcome with financial woes, Petrobras is taking another stumble as the company announced a voluntary termination program in hopes to reduce its workforce by 12,000 to save more than US$9 billion (33 billion BRL) in the coming years. Image…
Brazilian giant Petrobras is expecting to reduce its annual costs by an additional US$500 million with a reorganizational plan that will cut jobs by 43%, compared to its original goal of 30%. Image of Petrobras headquarters in Brazil…
Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
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