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(PetroleoHoje) Petrobras started drilling a wildcat well in the Dois Irmãos block, in the pre-salt layer of the Campos Basin, last Friday. The Ocean Courage rig drilled in a water depth of 2,769 m. The unit was also used to drill the Alto do Cabo Frio Central wildcat well, in the pre-salt layer of the... Continue Reading →
(Reuters) - State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters. Petroleo Brasileiro SA, as the company is formally known, is expected... Continue Reading →
(Reuters) - Petrobras Chief Executive Joaquim Silva e Luna said on Monday he will not leave the Brazilian state-run oil company despite facing criticism from President Jair Bolsonaro and others over a fuel price hike announced last week. Luna, a retired army general, compared Petroleo Brasileiro SA's effort to raise prices to a "battle." Luna... Continue Reading →
(OE) Norwegian offshore support vessel owner Siem Offshore said Monday a Brazilian court had ruled in favor of Petrobras in a case related to a late vessel delivery in 2015. "Siem Offshore do Brasil has been notified of the final unfavorable decision of a Brazilian court in a lawsuit filed against Petrobras. The case is... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro criticized stiff price hikes for gasoline and diesel by state-controlled oil company Petrobras on Saturday, saying the firm had reported an "absurd" amount of profit. He said, however, he would not interfere in the pricing policy of the company, formally known as Petroleo Brasileiro SA. Petrobras on Thursday said... Continue Reading →
(Portos e Navios) Petrobras extended the deadline for the pre-qualification process for companies to supply new FPSOs under the EPC (Engineering, Procurement and Construction) regime, with a capacity for 180,000 bpd and 7 million m³/day of gas. The new date, set for March 18, should not be postponed again. The oil company does not specify... Continue Reading →
(PetroleoHoje) Petrobras obtained the environmental license from Ibama for the project to revitalize the Marlim and Voador fields, in the Campos Basin. The authorization is valid for five years. TechnipFMC will be responsible for supplying up to eight manifolds for the project, while NOV and Baker will supply 448 km of flexible lines – 280... Continue Reading →
(Reuters) - Brazil's Senate approved on Thursday two bills aimed at curbing fuel price hikes with subsidies and tax exemptions, a positive move potentially for state-run oil company Petrobras , but one that could add stress to the government's stretched finances. One bill would set an acceptable range for domestic fuel prices. If international prices... Continue Reading →
(Reuters) - Last year, when Brazilian President Jair Bolsonaro sacked the head of state-run oil company Petrobras amid a spat over domestic fuel prices, the market reaction was apoplectic. Preferred shares in the firm plummeted 22% in a day. Analysts quickly downgraded a slew of Brazilian assets from state banks to sovereign debt. Many investors... Continue Reading →
The deadline for companies registered in the Permanent Offer to present additional offer guarantees for sectors of blocks included in the 3rd Bidding Cycle, which will be carried out under the concession regime, ends next Monday (3/14). The areas that are included in the 3rd Cycle are located in the Espírito Santo, Pelotas, Potiguar, Recôncavo,... Continue Reading →
