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ANP data show that oil production is taking place in 124 producing fields ceded by Petrobras to other companies, as of 2019, as part of the divestment process carried out by the company. In the period between 2012 and 2020. Before the divestments, production from these fields fell by approximately 60%, reaching 57,700 barrels of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/04/2022, informs that it received a letter from the Ministry of Mines and Energy on today's date, at 7:18 p.m., in reference to the Petrobras Annual General Meeting to be held on April 13, 2022, with two replacements in the nominations for election... Continue Reading →
Offshore drilling contractor Valaris has secured new contracts and extensions, with an associated contract backlog of $181 million. A notable update from the rig owner relates to a drillship contract in the Gulf of Mexico, which has now been novated from TotalEnergies to Equinor. Valaris informed on Wednesday that it has secured two-year contract extensions... Continue Reading →
(Reuters) - Brazil's government on Wednesdaytapped Jose Mauro Coelho, a high-ranking technocrat with expertise in the nation's oil and gas sector,as the next chief executive of state-run oil company Petrobras. The appointment comes amid a hectic several days for Petroleo Brasileiro SA (PETR4.SA), as the firm is formally known, as well as for the government, which... Continue Reading →
(Bloomberg) -- A messy leadership battle at Petrobras, Latin America’s biggest oil producer, is setting the stage for Brazil’s contentious presidential campaign and highlighting the complex tensions between the company’s pursuit of profits and its role as a tool of populist policy. Since the weekend, President Jair Bolsonaro’s choices for chief executive officer and chairman... Continue Reading →
(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →
Brazilian shipping company Grupo CBO has inked new deals for three platform supply vessels (PSVs) with the Brazilian subsidiary of Norway’s state-owned giant Equinor. Brazil’s offshore vessel operator CBO informed on Tuesday that it has signed contracts with Equinor for three PSVs 4500 with a duration of three years plus two additional one-year options for further extension. The... Continue Reading →
(Reuters) - Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras (PETR4.SA), after energy consultant Adriano Pires declined the government's nomination, a government official told Reuters on Tuesday. The source, who requested anonymity to comment on private discussions, said Economy Minister Paulo Guedes has... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the heading “Tender Group... Continue Reading →
(PB) Company is producing as much as possible under safe, sustainable and economic conditions Petrobras reached 91% of total load factor of the refining park in the last week of March 2022. The average load factor considering the whole month was 89%. In 2021, the average level of utilization of Petrobras refineries was 83%, the... Continue Reading →
Brazil Energy Insight 