Tag: Petrobras

Mexico's Alpek SA de CV is expected to offer up to $700 million for Brazilian state-run oil company Petroleo Brasileiro SA's petrochemicals units in the northeastern state of Pernambuco, a source with direct knowledge of the matter told Reuters on Friday.

Brazil's Petróleo Brasileiro SA recently said that it plans to sell voting control of Petrobras Distribuidora SA after a bidding round for a minority stake in the fuels retailer failed to attract bids that met the state-controlled oil company's needs.

Brazil-controlled Petróleo Brasileiro SA (Petrobas) has entered exclusive talks with Brookfield Asset Management Inc. over the sale of natural gas pipeline unit Nova Transportadora do Sudeste SA, as part of a plan to dispose of $15 billion of non-essential assets by year-end.

Aker Solutions has secured an agreement to provide maintenance and other services for subsea facilities at Petrobras-operated oil and gas fields offshore Brazil.

Tecninox, the integrated manufacturing plant within Raccortubi Group, has been awarded Petrobras’ technical approval for its butt weld fittings. The news comes in quick succession of the launch of the Group’s latest subsidiary in South America, Raccortubi do Brasil Ltda.

The Petrobras LNG Regasification Terminal in Bahia has raised its regasification capacity up to 41MCM per day.Petrobras added the first regasified LNG from its new regasification terminal, located in Baía de Todos os Santos, Salvador, in the state of Bahia to the Brazilian gas pipeline network.

Petrobras posted a 29% higher net income for the period from January to September 2013 compared with 2012 due to higher operating result and lower impact of the exchange rate on the financial result.

Petrobras has completed a formation test on well 3-BRSA-1178D-SES (3-SES-176D), informally known as Farfan 1, to evaluate the production capacity of the accumulation located in the BM-SEAL-11concession area, block SEAL-M-426, in the ultra-deep waters of the Sergipe-Alagoas Basin.

Petrobras announced an oil output (oil plus natural gas liquids [NGL]) of 1,979 thousand barrels per day (bpd) in June from all of its fields in Brazil, a 4.6% higher volume than May (1,892 thousand bpd).

Speaking at the "Global Deepwater Technology Development" panel in Houston, USA, Petrobras' executive manager for production engineering in Exploration & Production, Solange da Silva Guedes highlighted the importance of integrating companies that operate in deepwater oil and gas fields with universities and suppliers for the development of offshore production technology. The panel, with more than 250 attendees, opened the first day of the Offshore Technology Conference (OTC), the world's biggest event devoted to offshore oil exploration and production.