Petrobras shares fell -10.75% Tuesday to $9.51-1.14 after the Brazilain oil major was no longer going to be privatized. Luiz Inacio Lula da Silva in one of his first official acts after being sworn in as Brazil’s president on January 1 was to remove Petrobras (PBR) and Brazil’s postal service from the list of state asset sales from a list of state-controlled businesses that had been scheduled for privatization. Lula plans on turning PBR it into a renewable energy powerhouse. … Continue reading “Brazil Oil Major Petrobras Shares Fall 10% After Plans to Privatize Shelved by New President Lula”
Petrobras Finalized Sale Producing Peroá and Cangoá Fields and BM-ES-21 Concession
Petrobras finalized the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession. What is known as the Peroá Cluster is located in the Espírito Santo Basin was completed with 3R Petroleum Offshore, previously called OP Energia. This transaction continues Petrobras concentrating its resources on assets in deep and ultradeep waters, where it has a competitive edge. Transaction Details US$5 million paid to Petrobras when purchase and sale contract was signed. US$8.07 … Continue reading “Petrobras Finalized Sale Producing Peroá and Cangoá Fields and BM-ES-21 Concession”
TechnipFMC Wins Significant Subsea Contract for Offshore Petrobras Fields
French oil services company TechnipFMC (NYSE: $FTI) (PARIS: $FTI) today announced it has been awarded a significant subsea contract from Brazilian oil company Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.