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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/10/2020, 05/05/2020, and 08/19/2020, informs that it has made, today, the early payment of the debit balance of the Private Instrument for Installment Payment of Debt and Other Covenants, signed with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$... Continue Reading →
(Bloomberg) -- Brazil’s Petroleo Brasileiro SA is said to have raised about $2.3 billion in the biggest share sale in Latin America so far this year. Petrobras, as the company is known, shed its remaining stake in fuel distributor Petrobras Distribuidora SA in an offer that priced at 26 reais ($5.23) a piece, people familiar... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 15, 2020, informs that the Company's Board of Directors, in a meeting held today, approved the sale of its total interest in a set of seven onshore and shallow water concessions called Alagoas Cluster, located in the state of Alagoas, to the... Continue Reading →
Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Baker Hughes’ flexible... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started today an international biddingprocess, in EPC (engineering, procurement and construction) mode, for the implementation of a new diesel hydrotreatment unit and the necessary auxiliary systems, aiming at adapting and modernizing the refining park at the Paulínia Refinery (REPLAN). With this project, REPLAN will be able... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 2, 2021, related to the sale of its 27.88% interest in Deten Química S.A. (Deten), informs that it postponed to July 8, 2021 the deadline to execute the Confidentiality Agreement and the Compliance Certificate and grant access to the Confidential Information Memorandum... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
UK-based engineering firm John Wood Group, also known as Wood, on Monday said it had reached agreements with authorities in the UK, Brazil, and the U.S. to resolve their respective bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business. The U.S. Department of Justice last week... Continue Reading →
TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million, will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation... Continue Reading →
Brazil Energy Insight 