Tag: Petrobras

Petrobras to sell off its refinery in Pasadena
Energy

Petrobras to sell off its refinery in Pasadena

Petrobras said it has started, through its affiliate Petrobras America Inc, the process of selling its Pasadena Refinery, located in the United States of America. The company said in a statement that the opportunity encompasses Pasadena’s entire refining operations system, including the refinery, with an oil processing capacity of 110,000 […]

Petrobras divests 100% equity in BSBIOS
Energy

Petrobras divests 100% equity in BSBIOS

Brazil’s Petrobras said it has sold off 100% of the shares of BSBIOS. The company is owned by held by Petrobras Biocombustíveis, a wholly-owned subsidiary of Petrobras. The company disclosed that the divestment corresponds to 50% of the company’s capital. BSBios owns two biodiesel plants, located in Passo Fundo-RS and […]

Energy

Brazil’s Petrobras enters JV with Exxon

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of […]

Petrobras recovers USD197 million from car wash operation
Energy

Petrobras recovers USD197 million from car wash operation

Brazil’s national oil company, Petrobras said it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation. With this return, the total amount of resources transferred to Petrobras since the beginning of the Operation […]

Petrobras, Shell, Total begin production in Libra
Energy

Petrobras, Shell, Total begin production in Libra

Petrobras and its partners said they started oil production in Libra block, in the Pre-salt of Santos Basin, with the beginning of operation of Pioneiro de Libra FPSO (Floating Production Storage and Offloading unit), dedicated to Extended Well Tests and Early Production Systems. This is the first Petrobras unit equipped […]

Shell, Petrobras sign agreement to develop pre-salt fields
Energy

Shell, Petrobras sign agreement to develop pre-salt fields

Royal Dutch Shell Plc said it has entered into a MoU with Petrobras to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects. Shell will share with […]