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Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughes’ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions to help drive efficiencies, reduce... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3 ticker: PRIO3) in accordance with CVM Instructionº 358/2002, announces to its shareholders and the market that the Board Meeting held on April 30, 2021 has approved a 5-for-1 stock split of Company shares, so that each share will be represented by 5 (five) shares. 702,664,676 new common shares... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, clarifies that its equity interest in Braskem is part of the non-core assets to divest by the company, as disclosed in the Strategic Plan 2021-2025. However, there is still no definition or decision about the sale model. The company will keep... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on April 28, 2021, informs that it has entered into a contract and completed today the sale of its remaining 10% interest in Nova Transportadora do Sudeste S.A. (NTS) to Nova Infraestrutura Gasodutos Participações S.A. (NISA), a company formed by Nova Infraestrutura Fundo de... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started, today, the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area. Called P-80, the platform will be the ninth unit to operate in the field, with capacity to process 225 thousand barrels of oil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on March 28, 2019, informs that it has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25 billion, for two more years. Thus, 63% of the total amount of the credit line, that is, US$ 2.05... Continue Reading →
Brazilian oil and gas company Enauta has come to an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field offshore Brazil. This has been a long ongoing dispute dating back to 2017. At the time, Barra Energia exercised the rights to expel Dommo Energia from Block BS-4 which... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received from shareholders holding more than 1% of the company's capital stock, a request to call an Extraordinary General Meeting (EGM) to reconstitute the Board of Directors, in view of the resignation of Mr. Marcelo Gasparino da Silva announced on 04/16/2021, as communicated to the market... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has decided to close ICMS (VAT tax) contingencies with the State of Rio de Janeiro, in the total estimated amount of R$ 1.530 billion, through the disbursement of R$ 544 million, with an avoided cost of 64%. The decision is based on the special installment payment program... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it expressed to the National Energy Policy Council (CNPE) its interest in the preferential rights in the Second Bidding Round of the Transfer of Rights’ Surplus Volumes under the Production Sharing regime, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017. The company's Executive Board approved the expression... Continue Reading →
Brazil Energy Insight 