Oil & Gas

Petrobras offshore spending spree fuels rally in oil-rig bonds

Petrobras is adding 14 offshore production units between 2025 and 2028

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

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
Petrobras lifts business plan 31% to US$102 billion in major shift  - THE EDGE SINGAPORE

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'

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


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

Management & Corporate Governance

Brazilian authorities file money laundering, corruption charges against 2 men linked to Sembcorp Marine

In a regulatory filing on Monday, SembMarine stressed that the charges filed against Cheah and de Jesus are in their personal capacities and not against EJA, the group's Brazilian subsidiary.

Corruption probe

Petrobras unit head removed amid bribery allegations

(Sept 6): Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil, said its board approved the removal of Ivan de Sá on Wednesday at the request of Petrobras, its majo

Global Economy

Foreign bribery enforcement hasn’t dented practice, report says

PARIS (Sept 11): Efforts to crack down on foreign bribery have failed to stem the practice as a proportion of global trade, despite some high-profile anti-corruption cases, according to a report by Transparency International.

Shareholders in Brazil demand Petrobras match US$3 bil US settlement

RIO DE JANEIRO (Jan 5): Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to US shareholders in a US$2.95 billion ($3.9 billion) settlement, a lawyer told Reuters