Search results for: Petrobras

3685 results

A list of search results

  • 24 May 2018

    Brazilian oil company Petrobras is looking to farm-out parts of its ownership in four blocks in located in the Deepwater Sergipe-Alagoas Basin, across an exploration area of 44,370 square kilometers .

  • 27 June 2018

    Brazil’s Petrobras has said that a court in the U.S. has approved its previously agreed $2.95 B settlement of a class action brought by investors against the company related to corruption.

  • 25 January 2017

    Petrobras has responded to a lawsuit filed in Dutch court by a group of international investors against the Brazilian oil company.  Earlier this week, Petrobras’ subsidiaries, Petrobras International Braspetro B.V. and Petrobras Global Finance B.V., were mentioned in a legal action filed by Stichting Petrobras Compensation Foundation, in the Court of Rotterdam, in Netherlands. According to […]

  • 16 April 2020
    Business & Finance, Exploration & Production, Human Capital

    Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects of the coronavirus and the low oil price. Employees will be transferred to other units.

  • 28 January 2011
    Business & Finance

    The Petrobras announces that it closed a US$ 6 billion issuance of 5, 10 and 30 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras International Finance Company (“PifCo”) and constitute general senior unsecured and unsubordinated obligations of PifCo that are unconditionally and irrevocably guaranteed by Petrobras. The […]

  • 2 April 2015

    Brazilian national oil company Petrobras  yesterday, with China Development Bank Corporation – CDB, executed the first Facility Agreement of a cooperation arrangement to be implemented during 2015 and 2016. The Agreement was reached in China, during Petrobras CFO visit, Ivan Monteiro. This contract represents a US$ 3.5 billion loan, to be withdrawn by Petrobras Global […]

  • 28 January 2011

    Petróleo Brasileiro S.A. – Petrobras announces that it closed today a US$ 6 billion issuance of 5, 10 and 30 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras International Finance Company and constitute general senior unsecured and unsubordinated obligations of PifCo that are unconditionally and irrevocably guaranteed […]

  • 17 March 2017

    Offshore driller Diamond Offshore has made a step forward in a court case against Petrobras, stemming from an early rig contract termination last year. Petrobras terminated the contract for the Ocean Valor rig in August 30, 2016. The drilling contract was originally estimated to conclude in October 2018. Diamond Offshore then, a day later, on August 31, 2016, […]

  • 27 September 2018

    Brazilian oil giant Petrobras has reached non-prosecution settlements with the U.S. and Brazilian authorities, agreeing to pay a combined total of $853.2 million in penalties to resolve the U.S. authorities’ investigation into violations of the Foreign Corrupt Practices Act (FCPA).

  • 4 November 2015

    Petrobras has announced that the strike coordinated by the oil workers’ unions is affecting its operations. Brazil’s largest oil workers’ union, FUP, started the strike on Sunday, November 1, 2015, protesting against attempts by the government to shrink the state-run Petrobras. According to Petrobras, on November 2, 2015, oil production fell by 273,000 barrels, equivalent to […]

  • 25 October 2016
    Project & Tenders

    Petrobras and Total on Monday signed a memorandum of understanding to cooperate on exploration and production, natural gas and electricity sector in Brazil.

  • 15 December 2017
    Exploration & Production

    Petrobras has obtained a favorable arbitration award related to a rig dispute with its compatriot offshore driller Sete Brasil. 

  • 11 October 2018
    Business & Finance, Infrastructure

    U.S. oil company Murphy Oil has said it will form a joint venture company with Petrobras America, a U.S. subsidiary of the Brazilian oil company Petrobras.

  • 10 May 2016
    Business & Finance

    Brazilian oil company Petrobras has signed a term sheet with China Exim Bank (Export-Import Bank of China) containing the main terms and conditions for a US$1 billion loan. According to Petrobras, the final loan agreement is already being negotiated, anticipating the funding planned for 2017. The agreement is related to supply contracts for equipment and […]

  • 18 November 2015
    Project & Tenders

    The two weeks long oil workers’ strike in Brazil has yet to end, after Petrobras announced that the unions are considering a proposal made by the company. To remind, the strike started over Petrobras’ plans to cut investments and sell billions of dollars worth of assets in order to reduce its mounting debt. The unions have […]

  • 1 February 2019
    Business & Finance

    Brazilian oil major Petrobras has said it has paid $682.6 million as part of the non-prosecution settlements entered into last year with the U.S. and Brazilian authorities over the investigation into violations of the Foreign Corrupt Practices Act (FCPA).

  • 7 November 2011
    Business & Finance

    Petrobras last week announced a new oil discovery in the extreme southwestern part of the Walker Ridge concession area, located in America’s Gulf of Mexico ultra-deep waters. The discovery confirms the Lower Tertiary’s potential in this area. The Logan discovery is approximately 400 km (250 miles) southwest of New Orleans, at a water of around […]

  • 12 April 2016
    Exploration & Production

    UK-based offshore drilling contractor Ensco has initiated arbitration proceedings against Brazilian oil company Petrobras and South Korean shipbuilder Samsung Heavy Industries in connection with a drilling contract for Ensco’s drillship DS-5.   In January 2016, Petrobras cancelled its contract with Ensco for the drillship DS-5 over corruption charges. Petrobras asserted that the Ensco DS-5 drilling services contract […]

  • 20 June 2017

    Brazil’s state-run oil company Petrobras has settled a dispute with the Vanguard Group, one of its largest shareholders. Petrobras said on Monday its board had approved the settlement, resolving an action brought by Vanguard before the Federal Court of Pennsylvania in the U.S. According to the Wall Street Journal, the settlement resolves Vanguard’s losses stemming […]

  • 13 June 2011

    From May 10 to 12, Mr. Renato Duque, the Petrobras director for services, headed a delegation of top management from Petrobras and its key partners, which paid a special visit to Dalian for a 3-day inspection at the COSCO Shipyard. The visitors from Petrobras’s key partners included Mr. Miguelangelo Thome, President of the Brazilian offshore […]

  • 20 December 2016

    Petrobras’ sale of Baúna and Tartaruga Verde assets, offshore Brazil, to Karoon is still on hold following the court’s rejection of the Brazilian company’s appeal. Petrobras and Karoon started negotiating the sale of an operated 100% interest in the Baúna oil project and a non‐operated 50% interest in the Tartaruga Verde oil development in October this […]

  • 8 February 2019
    Business & Finance, Exploration & Production

    Brazilian oil company Petrobras has set aside $622 million plus interest in case it is forced to pay Vantage Drilling for wrongful termination of a 2015 drillship contract.