Petrobras: O&G Auction Not in CapEx Plan
Brazil's state-run oil company Petroleo Brasileiro announced that it had not allocated money to bid in upcoming oil and gas auctions in its five-year capital spending plan, according to a presentation…
Petrobras' Production Crosses 1 bln barrels
On Wednesday, December 14, Petrobras and its partners celebrated a milestone: they have now produced 1 billion barrels of oil in the pre-salt layer. This total output was achieved just six…
Petrobras to Seek Builders for Six Platforms
Petroleo Brasileiro SA, Brazil's state-run oil company, as of 2017 will begin seeking offers for the construction of six new offshore oil platforms envisioned in current investment plans, according…
Petrobras August Output Falls after Sale of Argentine Oil Assets
August oil and natural gas output at Petroleo Brasileiro SA, Brazil's state-led oil company, fell 1.42 percent from July after a sale of Argentine assets slashed the company's international output.
Petrobras Bringing Two FPSO Platforms Online
Brazil's state-led oil company Petroleo Brasileiro SA is working hard to meet its production targets, the company's head of exploration and production, Solange Guedes, said on Monday in a telephone interview.
Petrobras' Pre-salt Oil Production Exceeds 1 mi bpd
On May 8, oil production from facilities operated by Petrobras in the Brazilian pre-salt layer broke a new record, surpassing 1 million barrels per day (bpd). Of this total, more than 70% of…
Petrobras Reinventing Itself after Oil Price Drop -CFO
Brazil's state-controlled oil company Petrobras is being forced to turn itself into a smaller operation as crude prices have fallen more than expected, making it impossible to finance its once-ambitious plans…
OTC’s Highest Award for Petrobras
Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that…
