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Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S.A. - Petrobras discloses the volume of its proved petroleum reserves (oil, condensate and natural gas), estimated as of the end of 2018, according to ANP/SPE (National Agency of Petroleum, Natural Gas and Biofuels/Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria. Proved... Continue Reading →
Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S.A. - Petrobras, following the press released on 05/04/2018, informs that its subsidiary Petrobras America Inc (PAI) signed today with Chevron U.S.A. Inc., a Share Purchase Agreement - SPA relating to the sale of all the shares held by PAI in the companies that encompass Pasadena's... Continue Reading →
Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro SA - Petrobras, following up to the Press Release of 09/27/2018, informs that, today, it paid the Commitment Assumption Agreement ("Agreement "), made with the Federal Public Prosecutor's Office (" MPF ") and judicially approved on January 25, 2019, in the amount of US$ 682.6 million,... Continue Reading →
January 29, 2019 SÃO PAULO, Brazil (Reuters) - Petrobras is determined to dispose of assets in Brazil's refining sector, where it has a virtual monopoly, and the idea is not to restrict the process, either in terms of buyers or in terms of geography or participation. be negotiated, the president of the state-owned company, Roberto... Continue Reading →
U.S. oil company Hess reduced its net loss for the fourth quarter 2018 compared to the prior-year period on the back of exploration and production business and higher crude oil and gas prices. Hess on Wednesday reported a net loss of $4 million in the fourth quarter of 2018, compared to a net loss... Continue Reading →
Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S.A. - Petrobras clarifies that, according to Petrobras' Divestment Methodology, the following stages of divestment projects must be disclosed to the market: teaser, beginning of the non-binding phase (if applicable), beginning of the binding phase, granting of exclusivity for negotiation (if applicable), transaction approval by senior... Continue Reading →
1/30/2019 PetroRio informs its shareholders of a Share Purchase Agreement for the acquisition of Chevron Brasil, a limited company holding a 51.74% interest in the concession and operation of the Campo de Frade, as well as equivalent interests in the assets of the field. Once completed, this acquisition will be added to the previously... Continue Reading →
China’s Wison Offshore & Marine has received an approval in principle from the American Bureau of Shipping (ABS) for its latest floating natural gas to methanol (FGTM) vessel. Wison said that the fully integrated gas-to-methanol system could eliminate heavy upfront capital expenditure during offshore LNG production. Continue reading
Rio de Janeiro, January 29, 2019 - Petróleo Brasileiro SA - Petrobras informs that the Administrative Board of Tax Appeals (CARF) pronounced, on this date, by majority, favorable decision to the company regarding fiscal administrative proceedings, totaling the approximate amount of R$ 11.9 billion, resulting from tax assessments drawn up by the Brazilian Federal Revenue... Continue Reading →
Brazilian President Jair Bolsonaro’s government wants to sell at least $20 billion in assets of state-owned companies this year including parts of Petrobras and Banco do Brasil, the country’s secretary of privatization said on Tuesday. Salim Mattar said the government wants state-controlled oil company Petroleo Brasileiro SA and lenders Banco do Brasil SA and Caixa... Continue Reading →
Brazil Energy Insight 