Category: Brazil

DNV and Altera Infrastructure test notation to reduce emissions in offshore installations

DNV introduced a new class notation, Abate, designed to help owners and operators of offshore floating facilities identify and implement measures to reduce greenhouse gas (GHG) emissions. Altera Infrastructure, the first company to adopt the solution, has incorporated the notation into the FPSO "Petrojarl Knarr", with successful results so far. The International Maritime Organization (IMO)... Continue Reading →

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Braskem reaches ethane supply deal with Pemex, including new terminal

 (Reuters) - Brazilian petrochemical producer Braskem (BRKM5.SA) said on Tuesday its Mexican subsidiary Braskem Idesa has reached a new gas supply agreement with Petroleos Mexicanos (Pemex) (PEMX.UL) to settle pendencies between the companies and build a new ethane terminal. According to a securities filing, the new terminal for ethane imports would fulfill Idesa's needs for the raw... Continue Reading →

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ANP APPROVES RESOLUTION ON DECOMMISSIONING GUARANTEES FOR OIL AND GAS FACILITIES

The National Petroleum Agency (ANP) this week approved a resolution that deals with procedures for presenting guarantees and instruments that ensure the decommissioning of production facilities in oil and gas fields in the country. The presentation of these financial guarantees was already foreseen in the exploration and production contracts. The agency's new resolution brings more... Continue Reading →

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Petrobras concludes sale of interest in GásLocal

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/25/2020, informs that it concluded, on this date, the sale of its 40% interest in the company GNL Gemini Comercialização e Logística de Gás Ltda. (GásLocal) to White Martins Gases Industriais Ltda. (White Martins), ending the controversies arising from the activities of the... Continue Reading →

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Petrobras announces redemption prices for two series of notes

Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 4.250% Global Notes due 2023 (“4.250% Notes”) and 4.375% Global Notes due 2023 (“4.375% Notes” and, together with the 4.250% Notes, the “Notes”) announcing the redemption prices for... Continue Reading →

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