Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of December 31, 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2021,... Continue Reading →
Petrobras on the sale of Potiguar Cluster assets
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/23/2020, 08/27/2021 e 01/19/2022, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total stake (100%) in a set of 22 concessions of onshore and shallow water production fields, together with its infrastructure for processing,... Continue Reading →
Shares in Brazil’s Braskem soar as Petrobras, Novonor delay offering
(Reuters) - Shares in Brazilian petrochemical producer Braskem SA (BRKM5.SA) soared on Friday after state-run oil company Petrobras (PETR4.SA) confirmed it had decided alongside conglomerate Novonor to postpone the sale via a share offering of their stakes in the firm. Petrobras said it made the decision in response to inadequate demand and price conditions. Braskem also confirmed the cancellation... Continue Reading →
Brazil’s Petrobras has record output, sales of low-sulfur diesel
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday it produced a record 21.2 billion liters of S-10 diesel in 2021, up 10% from a year earlier, while sales - including imported volumes - jumped 34.7% to a record 25.8 billion liters. Petroleo Brasileiro SA, as the company is formally known, said in a statement... Continue Reading →
Petrobras on cancellation of the public offering of Braskem shares
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/16/2021 and 01/17/2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would have been held simultaneously in Brazil and abroad,... Continue Reading →
Initial Guidelines for Offshore Wind Power Generation are Published by the Federal Government
Decree clarifies the requirements for the assignment of use of public assets in offshore areas for the purpose of generating electricity The President of the Republic issued decree nº 10.946/2022, which provides for the assignment of use of physical spaces and the use of natural resources for the generation of electricity from offshore ventures. The... Continue Reading →
Seismic license for Marlim, Voador and Albacora Renewed until 2023
(PetroleoHoje) Ibama renewed Petrobras' seismic survey license in the Marlim, Voador and Albacora fields, in the Campos Basin. The validity of the authorization has been extended until January 5, 2023. This is 3D/4D Multiazimuth marine acquisition. The company responsible for the acquisition is Shearwater Geoservices. Activity, resumed on July 3, 2021, will cover 1,412 km².... Continue Reading →
Offshore rig market improvement in 2021 driven by high EPC spend – Westwood
The latest analysis from the specialist energy market research and consultancy specialist, Westwood Global Energy Group, has revealed a year-on-year growth for the global offshore rig market at the close of 2021, up 200 per cent from 2020. This has been bolstered by significant engineering, procurement and construction (EPC) spend, closing last year at $41.7bn,... Continue Reading →
Brazil’s Petrobras, India’s ONGC Set to Develop Budião Gas Field
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil. The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the operator of... Continue Reading →
Petrobras on Albacora and Albacora Leste divestment
Petróleo Brasileiro S.A. – Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with the consortiums led by... Continue Reading →
