Technip has been awarded by Petrobras a daily-rate contract (worth more than US$ 100 million) for a two-year charter of the Normand Progress, a vessel specializing in flexible pipeline installation. The contract includes engineering and support services, as well as an additional two-year option.
The Normand Progress will be used for the installation and retrieval of [...]

The Company is pleased to announce the appointment of Juliano Magalhaes Macedo, Ph.D as president of our wholly owned subsidiary, RMC Exploracao Petrolifera Ltda., in Brazil. Dr. Macedo holds a Ph.D in Structural Geology and Tectonics, University of Illinois, USA and both M.Sc. Structural Geology and a B.Sc. Engineering Geology, Escola de Minas, UFOP, Brazil.
Before [...]

As the most influential company in Brazil, which obviously the biggest in the country since it is state owed company. The company is called Petrloeo Brasileiro or well-known as Petrobras. Currently the union is to vote on Petrobras proposal. Striking platform workers will vote Friday whether to accept the latest proposal from Brazilian state-run energy [...]

The answer to the title question is that the best deal in the sector of energy today is the one which is undone. However it does nor necessarily mean that the Transocean shereholders has nothing to proud of. The company has just scored fresh contract of four from Petrobras. Generally every single contract of Offshore [...]

Wachovia Capital Markets analyst Tim Curran says in a note to investors that Transocean will lease-purchase and manage a newbuild drillship that Brazil’s Petrobras is building to use for projects offshore the West African nations of Angola and Nigeria.
Curran says Transocean will run the drillship under a 10-year contract, with an option for a [...]

Brazil’s Petrobras says that a second well in an offshore Santos Basin block confirms the presence of light oil.
Petrobras says the well found another reserve of light oil near the previously announced Carioca discovery. The discovery came in the ultra-deep waters almost 200 miles off the coast of Sao Paulo state.
The find was made [...]

The head of Petrobras says global oil prices are likely to stay high, and the Brazilian state-run oil giant plans to significantly expand its fleet of drilling rigs and other vessels in the coming years.
Speaking at a gathering organized by the Brazilian American Chamber of Commerce in New York, Petrobras President and Chief Executive Jose [...]

Brazil’s state-run oil company Petrobras plans to spend more than $20 billion to build two new refineries.
The media reports say the two new refineries are expected to begin operating in 2015 and will produce high grade derivatives for export.
The investment plans were announced by Petrobras president Jose Sergio Gabrielli.
The company plans to nearly double its [...]

Brazil’s Petrobras continues its recent string of oil discoveries. A test well in the prolific offshore Santos Basin confirmed the presence of light oil.
Unlike other recent offshore discoveries that lie in very deep water, this one is in the relatively shallow waters in the southern part of the basin and may not be as difficult [...]

Petrobras says one of its subsidiaries found oil and gas in the central Gulf of Mexico. The ultradeep find is nearly a mile-and-a-half underwater and over five-and-a-half miles below the seabed.
Future work will determine the size of the discovery and its commercial viability. Petrobras owns a 25 percent stake in an area of the Walker [...]