Petrobras

Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates. According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this …

Brazilian state oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project on the Tayrona block, 32km off the coast of Colombia, which it shares with Colombian Ecopetrol, Reuters reported, citing a statement by Petrobras’ director of production development on energy conference …

The company invested US$ 39 million in the construction of its Research and Development Center in Brazil, located in UFRJ’s Technological Park. The entire investment plan underway in Brazil reaches US$ 370 million. In order to offer the highest technology, excellence and innovation to its Brazilian and global customers in the energy sector, …

Tenaris signed a contract to supply Petrobras with” casing with TenarisHydril Blue® premium connections for offshore wells over the next five years. Developed to face the most challenging E&P environments, and tested in accordance with ISO 13679 CAL IV, TenarisHydril Blue® connections have proven their worth for the past 10 …

The Challenge In terms of its market value, Petrobras, the Brazilian oil producer and refinery operator, is the eighth largest global company in the world. Its investments amount to more than $53 billion, and these include more than thirteen thousand productive oil and gas wells and 112 production platforms. Recently …

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil’s national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame …