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03.12.24

Petrobras must be ‘as big as possible’, says chief of Brazilian oil major

Michael Pooler – Rio de Janeiro – 03/12/2024 Chambriard outlines strategy as group boosts investments in offshore drilling, biofuels and fertilisers Chief executive Magda Chambriard laid out an expansive vision for the $92bn group, one of the world’s top crude producers, that would accelerate the reversal of a strategy under previous governments to largely exit areas...

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26.11.24

Petrobras updates forward plan for E&P offshore Brazil

Offshore – Nov. 25, 2024 Petrobras plans total investments of $77.3 billion in E&P over the 2024-29 period, 5% higher than in its previous forward plan. Petrobras plans total investments of $77.3 billion in E&P over the 2024-29 period, 5% higher than in its previous forward plan. About 60% of this will be allocated to...

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19.11.24

Brazil’s Petrobras pitches five-year $111 bln business plan, $10 bln in extra dividends

Reuters – November 18, 20247:35 PM RIO DE JANEIRO/SAO PAULO, Nov 18 (Reuters) – Brazilian state-run oil firm Petrobras (PETR4.SA) announced on Monday that its management proposed to the company’s board a $111 billion business plan for 2025-2029, according to a securities filing. The filing said the business plan allows for ordinary dividends with a range...

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11.11.24

Petrobras posts 22% increase in quarterly profit, announces $3 billion in dividends

Reuters – November 8, 202412:28 AM GMT Brazilian state-run oil firm Petrobras (PETR4.SA) on Thursday reported an increase of around 22% in its third-quarter net profit, and announced $3 billion in dividends. The company posted a net profit of 32.6 billion reais ($5.7 billion) for the quarter ended in September. Adjusted earnings before interest, taxes, depreciation and...

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06.11.24

Ibama is expected to approve oil exploration in the Equatorial Margin next year, sources say.

CNN Money – 05/11/2024 at 14:04 Petrobras applied for licences from Ibama for drilling in the region, which were denied by the agency. The authorisation from Ibama (the Brazilian Institute of Environment and Renewable Natural Resources) for Petrobras to operate in oil exploration in the so-called Equatorial Margin (an area stretching from the coast of...

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30.10.24

Brazil’s main oil-producing field in the pre-salt region, Tupi, has reached the milestone of 3 billion barrels of accumulated oil, according to Petrobras.

O Globo – 28/10/2024 19h47 This is the first time an area operated by the state-owned company in Brazil has reached such an amount of extracted oil. Platforms have been active in this region of the Santos Basin for 15 years. The main oil-producing field in the Santos Basin pre-salt region, Tupi, reached an unprecedented...

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25.10.24

Petrobras aims to boost Tupi oilfield output to 1 mln bpd by 2027

Reuters – October 24, 202410:13 PM RIO DE JANEIRO, Oct 24 (Reuters) – Brazil state-run firm Petrobras (PETR4.SA), plans to bring oil production at its Tupi oil field back to 1 million barrels per day by 2027 as it plans new investments in the asset, its director for exploration and production said on Thursday. Located in deep...

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21.10.24

Yinson Production’s FPSO Maria Quitéria achieves first oil

Yinson Production – 21 Oct, 2024 Yinson Production is pleased to announce that FPSO Maria Quitéria has achieved first oil on 15 October 2024, followed by a successful 72-hour test. This marks the commencement of the project’s firm charter, with contracted day rates being paid to Yinson Production for a period of 22.5 years, until...

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Category: Br8 News

Petrobras must be ‘as big as possible’, says chief of Brazilian oil major

Petrobras updates forward plan for E&P offshore Brazil

Brazil’s Petrobras pitches five-year $111 bln business plan, $10 bln in extra dividends

Petrobras posts 22% increase in quarterly profit, announces $3 billion in dividends

Ibama is expected to approve oil exploration in the Equatorial Margin next year, sources say.

Brazil’s main oil-producing field in the pre-salt region, Tupi, has reached the milestone of 3 billion barrels of accumulated oil, according to Petrobras.

Petrobras aims to boost Tupi oilfield output to 1 mln bpd by 2027

Yinson Production’s FPSO Maria Quitéria achieves first oil

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Petrobras must be ‘as big as possible’, says chief of Brazilian oil major

Petrobras updates forward plan for E&P offshore Brazil

Brazil’s Petrobras pitches five-year $111 bln business plan, $10 bln in extra dividends

Petrobras posts 22% increase in quarterly profit, announces $3 billion in dividends

Ibama is expected to approve oil exploration in the Equatorial Margin next year, sources say.

Brazil’s main oil-producing field in the pre-salt region, Tupi, has reached the milestone of 3 billion barrels of accumulated oil, according to Petrobras.

Petrobras aims to boost Tupi oilfield output to 1 mln bpd by 2027

Yinson Production’s FPSO Maria Quitéria achieves first oil

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