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Petrobras
Oil & Gas
New Petrobras CEO pledges investor returns after recent upheavel
New Petrobras CEO Chambriard said the company needed to accelerate exploration off Brazil’s coast
May 28, 2024
Contracts
Seatrium shares jump more than 10% following $11 billion order win from Petrobras
The latest contracts were won at a price estimated at 30% higher than the previous orders from Petrobras.
May 27, 2024
Contracts
Seatrium wins $11 billion order from Brazil
The contracts are a significant boost to Seatrium's total order book
May 25, 2024
Oil & Gas
Brazil President Lula fires Petrobras CEO after dividend dispute
Under Prates, Petrobras recently boosted the budget for its five-year business plan to US$102 billion
May 15, 2024
Oil & Gas
Petrobras offshore spending spree fuels rally in oil-rig bonds
Petrobras is adding 14 offshore production units between 2025 and 2028
April 11, 2024
Company in the news
'Scrubbed clean' Seatrium unshackles surplus assets and puts Operation Car Wash behind
'The energy trilemma is a business opportunity,' says Seatrium's CEO Chris Ong
February 29, 2024
Oil & Gas
Petrobras CEO says Yemen crisis could send oil above US$90
Without any escalation, oil should continue trading between US$70 and US$90 this year
January 30, 2024
Oil & Gas
Petrobras lifts business plan 31% to US$102 billion in major shift
'Previously, you saw a company with no future, failing to invest'
November 25, 2023
Broker's Calls
CGS-CIMB maintains 'add' call on Seatrium ahead of 1HFY2023 earnings, flags contract win in Brazil
Seatrium, which has already built up an order book of more than $20 billion, might secure another $7 billion in the coming FY2024
July 11, 2023
Contracts
Keppel wins third rig contract from Petrobras, offshore and marine book hits $11.8 bil
As the P-83 and P-80 are identical units, greater economies of scale and productivity gains can be expected
September 28, 2022