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Petróleo Brasileiro S.A. – Petrobras informs that it has approved a restructuring of its Governance and Compliance Office, and that its structure will be strengthened as of November 6. The new structural design creates the executive management of Disciplinary Accountability, the general management of Strategic Information and Monitoring of Integrity Systems and a management specialized... Continue Reading →
(Bloomberg) – Petrobras is studying how Chevron Corp. managed to resume operations in Venezuela to see if it makes sense for Brazil’s state-controlled oil company to reenter the oil-rich nation, Chief Executive Officer Jean Paul Prates said. It makes “geopolitical sense” for Petrobras to look at expanding into Venezuela and Bolivia because they are neighboring... Continue Reading →
Founded on October 3, 1953, Petrobras developed alongside Brazil and became the largest company in the country, an icon for Brazilians. An international reference in the oil and gas sector, the company has achieved notable achievements and has become a company of global relevance. The boosting of the energy industry, the discovery of the pre-salt,... Continue Reading →
(TN) ANP released the Monthly Oil and Natural Gas Production Bulletin for August 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.392 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.462 million barrels per day (MMbbl/d) were extracted, a reduction of 1.4% compared to the previous... Continue Reading →
(epbr) The Pelotas Basin is one of the areas that Petrobras is evaluating in the permanent offer from the National Petroleum Agency (ANP). The basin is located in the south of the country, on the border with Uruguay, where discoveries were made in deep waters in the last decade. Petrobras does not yet have any... Continue Reading →
(Reuters) Brazilian state-run oil group Petrobras plans to invest around $300 million to drill two exploratory wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week, a top executive said in an interview. The license granted by environment agency Ibama on Friday was the first since 2013 for Petrobras... Continue Reading →
(Reuters) - A new platform for power deals in Brazil will launch next year, its backers announced on Tuesday, marking the first such energy exchange in Latin America's biggest economy and an attempt to boost trading of energy financial products in the country. Named N5X, the new exchange is a joint venture between the L4... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received, on Monday (10/02/2023), confirmation of the environmental license from Ibama to drill two exploratory wells in the maritime block BM-POT-17, in deep waters of the Potiguar Basin, on the Brazilian Equatorial Margin. The first well will be drilled 52 km off the coast. Drilling is scheduled... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to media reports on the existence of reserves of 5.6 billion barrels of oil in blocks of the equatorial margin in the Amazon region of Amapá, clarifies that the company does not inform or make public the volumetric potential in exploratory areas. As disclosed on 05/18/2023, Petrobras is... Continue Reading →
Petrobras assumed the position of the largest developer of wind projects in the country, in another fundamental step towards the energy transition. An advance that is due to the partnership with WEG, signed this month, to develop the largest onshore wind turbine in Brazil, with a potential of 7 MW – enough to supply a... Continue Reading →
Brazil Energy Insight 