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Reuters.com 02/14/2019 18:01
Petrobras has long disputed the ANP’s move, leading to extensive wrangling and intervention from the International Court of Arbitration.
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PennWell Power 02/14/2019 13:50
A lack of training, familiarity, and experience with the drill floor equipment and drillship layout could have contributed to the Dec. 2, 2017, accident that killed a floor hand aboard the Petrobras 10000 drillship working in the Gulf of Mexico’s Walker Ridge 469 area, the US Bureau of Safety and Environmental Enforcement said in a Feb. 13 report of its investigation into the incident.
MercoPress 02/09/2019 02:16
U.S. authorities have joined Brazil’s investigation into alleged bribery involving Petrobras and some of the world’s largest trading companies, according to the Brazilian law enforcement officer in charge of the probe.
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Offshore Energy Today 02/08/2019 03:45
Brazilian oil company Petrobras has set aside $622 million plus interest in case it is forced to pay Vantage Drilling for wrongful termination of a 2015 drillship contract.
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Zacks.com 02/06/2019 08:31
TechnipFMC (FTI) estimates the value of the EPCI contract for the Mero 1 pre-salt field in the range of $500 million to $1 billion.
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Petrobras has resumed full production rates at the operator’s 434,000-b/d Replan refinery in Paulinia, Sao Paulo, following a late August 2018 fire that led to a temporary suspension of operations at the complex.
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Chemical Engineering 02/01/2019 08:47
Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corp. (San Ramon, Calif.; www.chevron.com), announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 [...]. T.
The transaction is part of Petrobras' Partnerships and Divestments Program, in line with the 2019-2023 Business and Management Plan, which provides for the optimization of the company's portfolio," the company added.
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BvDEP Zephyr 01/31/2019 04:19
Chevron has signed a stock purchase agreement with Petrobras America to acquire all outstanding shares and equity interests in Pasadena Refining System, including PRSI Trading and the refinery in Texas, for USD 350.00 million, excluding working capital.
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