Lipases from Pseudomonas are extracellular enzymes that play an important role in biotechnological and industrial processes, due to their application in biofuels, food and pharmaceutical industries. Therefore, this paper provides an overview about the main aspects of the lipases from Pseudomonas, regarding their catalytic characterization, production, immobilization and application in many reactions of high industrial interest. The catalytic characterization and production of the lipase will be discussed, including the main lipase properties available in the literature and the influence of media composion, making possible the optimization of lipase production. Based on the main features of the lipases from Pseudomonas, this review also explores the recent developments on strategies of immobilization in order to enable recovery operations of the biocatalyst. The application of lipases to production of many high added-value products through esterifications, hydrolysis reactions and resolution of racemic compounds was also explored. The high yield and enantioselectivity of their reactions, regarding the resolution of racemic mixtures, shows that the lipases from Pseudomonas are efficient biocatalysts for biotechnological processes.