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Protea Supplies Swivel Crane for Petrobras FPSO

2016-02-24 15:00:00| Offshore Technology

Protea continues to cement its position as a leading supplier of cranes for floating offshore production units with the delivery of a swivel maintenance crane for a new FPSO conversion.

Tags: supplies crane swivel petrobras

Brazil Petrobras ex-director jailed

2016-02-01 23:53:02| BBC News | Business | UK Edition

A former director of the Brazilian state-owned oil company Petrobras has been sentenced to 12 years in jail as part of a huge corruption probe.

Tags: brazil jailed petrobras brazil petrobras

Brazil's Petrobras tells analysts it may need further capex cuts - Itau BBA

2016-01-15 16:23:25| Oil & Gas - Topix.net

Jan 15 Brazil's state-run oil company Petroleo Brasileiro SA is pressing ahead with the sale of $15 billion in assets but may need to make further cuts to its investment plan depending on oil prices, the company told analysts on Friday according to a client note from ItaAo BBA. Petrobras did not rule out help from the government but said it was not on the table right now and would be a last resort, ItaAo BBA said.

Tags: tells cuts analysts bba

Petrobras ends rig contract with Ensco, citing bribery charges

2016-01-06 15:16:23| Energy - Topix.net

PBR claims Pride International, a company ESV bought in 2011, had knowledge that the rig's shipbuilder made "improper payments" to a marketing consultant who then shared the money with former PBR employees; ESV says it has found no such evidence and that it has not been contacted by other Brazil government authorities about any alleged wrongdoing.

Tags: contract charges ends citing