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Brazil’s Petrobras slashes 2019 investment budget by billions

Brazilian state-led oil producer and refiner Petrobras will cut spending by more than 30% in 2019 as the company adjusts the way it accounts...

Petrobras, SBM sign LOI for Mero 2 FPSO

(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating...

Brazil’s Petrobras nears sale of offshore oilfields

Brazil’s Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run...

Petrobras earnings take a hit

(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued...

Pipeline leak forces Petrobras to halt production at P-25 platform

Brazil's state-run oil company, Petrobras, said Monday it has halted production at platform P-25 in the Albacora field after identifying an oil spill from...

Petrobras-led group drills first well in Peroba subsalt area

A consortium of Petrobras, BP Energy and CNPC has started drilling its first well in the offshore Brazil Peroba subsalt area, Petrobras said Friday. According...

Brazil’s Petrobras receives $149M payment from SBM in leniency deal

(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering...

Brazil’s Petrobras to pay $853.2 million in penalties

(AP) — Brazil's state oil company Petrobras said Thursday it had agreed to pay more than $850 million in penalties for bookkeeping violations related...

TechnipFMC, DOF Subsea announce start of charter contract with Brazil’s Petrobras

TechnipFMC and DOF Subsea (DOF) announced on Thursday that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture...

Petrobras chips away at debt with asset sales

(Hart Energy) Brazil’s Petrobras intends to raise US$21 billion with the sale of assets by the end of this year, according to its 2018-2022...