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Brazil’s Petrobras records record income

Brazilian state oil company Petrobras recorded an income of 9.205 billion dollars in 2019, which represents a 55.7 % rise compared to 2018. According to...

Petrobras to sell stake in Brazil field

(Zacks) Petrobras PBR and minority partner Chevron CVX announced plans to sell their stakes in the Papa-terra deep-water oilfield located in Brazil’s Campos Basin. Per...

Brazil’s Petrobras closes $1.5 billion deal to sell stake in African...

(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of...

Price tag for Brazil oil blocks was too high – Petrobras...

Brazil’s largest-ever auction of oil deposits conducted just over a week ago was a total flop and CEO of state-controlled Petroleo Brasileiro SA says...

Petrobras boosts oil, gas output 16.5% in Q3

Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from...

Brazil’s Petrobras pushes ahead with onshore field sales

(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks...

Sembcorp Marine’s Brazilian shipyard delivers its first FPSO

Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading...

Brazil senate approves transfer of rights oil settlement with Petrobras

(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government...

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...