Petrobras completes drilling fifth well in Santos Basin pre-salt Iara area Nov 14, 2013
Petrobras has completed drilling the fifth exploratory well in the Santos Basin pre-salt Iara area, block BM-S-11. Well 3-RJS-715D (3-BRSA-1181D-RJS), informally known as Iara

Technology can help reduce production costs, says Petrobras Director Nov 1, 2013
Petrobras' Director for Exploration and Production, José Formigli, stressed the importance of developing offshore technology and the ability to manage risk in large projects

Petrobras signs LoI for the chartering of another FPSO to operate in the Santos Basin pre-salt layer Oct 31, 2013
Petrobras, the operator for the BM-S-9 consortium, announces, together with its partners BG E&P Brasil and Repsol Sinopec Brasil, that the company's affiliate Guará BV has

Subsea 7 S.A. awarded contract offshore Brazil Oct 31, 2013
Subsea 7 S.A. announced the award of a contract to its i-Tech division valued at approximately US$60 million by Petrobras. The contract scope is for the provision of ROV’s and underwater positioning

Giant Libra pre-salt rights awarded offshore Brazil Oct 29, 2013
Only one consortium of 11 registered bid for a 35-year production-sharing contract to develop the Libra pre-salt oil discovery in the Santos basin offshore Brazil.Libra is estimated to have fro 8 billion to 12 billion bbl of recoverable oil. Petrobras will be the operator by law and have an automatic 30 percent stake also by law plus the 10 percent of the consortium.

Petrobras provides update on merger of RNEST Oct 29, 2013
Petrobras, in compliance with the provision set forth in CVM Instruction No. 358/02, announces that its Board of Directors approved the proposal to merge Refinaria Abreu e

Petrobras oil workers strike affects crude production Oct 22, 2013
Although Petrobras, Brazil’s state-owned oil giant affirms that the oil workers strike that is entering its third day has hardly affected oil and gas production, the National

Petrobras completes formation test in Farfan area, Sergipe-Alagoas Basin Oct 21, 2013
Petrobras has completed a formation test on well 3-BRSA-1178D-SES (3-SES-176D), informally known as Farfan 1, the first to evaluate the production capacity of the

Petrobras to increase production to keep up investments Oct 8, 2013
Petrobras announced recently that the company plans to increase production by fifty percent in a bid to emerge from its current financial difficulties. The oil giant desperately needs funds to keep up with investment projections and to compensate for losses due to fuel imports.
By Peter Howard Wertheim

Prysmian Group signs major contracts with Brazilian Petrobras Oct 3, 2013
Prysmian Group has been awarded new major contract worth a total of up to approximately $ 260 Million, related to a frame agreement for Umbilical products for

Petrobras increases oil output up in August Oct 2, 2013
Petrobras announces that, in August, oil output (oil plus natural gas liquids - NGL) from all the company's fields in Brazil averaged 1,908,000 barrels per day (bpd).