Rio de Janeiro, June 29, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today it prepaid a debt with Citibank, N.A., in the amount of US$ 500 million, whose maturity would occur in 2022. The operation is in line with the Petrobras liability management strategy, which aims to improve the amortization profile and the... Continue Reading →

Updated on 29/06 at 17:28   The Ministry of Planning, Development and Management opened on Friday (29) additional credit worth R $ 32.7 billion for Petrobras, to adjust the company's budget to the new customs regime, Repetro-Sped. The order was published in the Federal Official Gazette. The ordinance also includes the Investment Budget (OI) of Banco... Continue Reading →

6/28/18 The Tartaruga Verde field, in deep waters of the Campos Basin, is expected to reach peak natural gas production in the coming year, reaching 1.2 million m³ / day. This volume must be reached with the interconnection of all the producing wells, and only the first, produces about 200 thousand m³ / day, currently... Continue Reading →

6/28/18 C.S.E. Mecânica e Instrumentação was the winner of the Petrobras 2017 Best Suppliers Award. The company of the group Aker Solutions was awarded in the offshore maintenance categories, along with Imetame Metalmecânica, for onshore maintenance. In addition, it was the winner in Safety, Environment and Health (SMS) in these same areas. In all, 17... Continue Reading →

6/28/18 The ANP wants to make feasible a new financing alternative for operators of onshore fields in production. The agency is expected to insert in a resolution on contract assignment rules, which will enter into public consultation between the end of July and the beginning of August, that will allow operators giving the reserves as... Continue Reading →

June 28, 2018 The National Petroleum Agency (ANP) announced the draft contract of the 5th pre-salt auction , which will presented for public consultation until July 11. The agency will hold next Wednesday the hearing to discuss the contributions received to the public notice and draft agreement. The auction is scheduled for September 28 in... Continue Reading →

A Brazilian government plan to sell billions of dollars in national energy assets to reduce the country’s deficit has hit a roadblock. On Tuesday, Congress’ lower house postponed until July 3 a vote to fast-track a bill that could help attract investors to power distributors that provide lighting for 13 million Brazilians. It also delayed... Continue Reading →

The Panama Canal Authority will ramp up the movement of massive liquefied natural gas tankers through the waterway starting in October, as U.S. exports of the fuel are set to expand. Under the new rules, the ships can traverse the canal at night, and two at a time can be on Gatun Lake, the man-made... Continue Reading →

Brazil’s Petrobras has said that a court in the U.S. has approved its previously agreed $2.95 B settlement of a class action brought by investors against the company related to corruption. Petrobras said the Federal District in Court in New York approved the settlement on Friday, June 22, 2018, as final. Read more