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Açu Petróleo, a joint venture between Prumo Logística and German Oiltanking, plans to start construction this year, in Porto do Açu, the first private oil tanking park in Brazil. With private investment estimated at R$ 2.5 billion, the project will generate 2 thousand jobs, direct and indirect, during the construction phase. The work is expected... Continue Reading →
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports. McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports. The report provides details for 206 floater projects... Continue Reading →
Japan’s floating solutions provider MODEC has received a notification from Brazil’s Petrobras that its eligibility to participate in new competitive bidding by Petrobras has been suspended for 13 months from 31 March 2021. MODEC said on Thursday that the main basis for this administrative sanction is losses to Petrobras presumably caused by the performance of... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that in March it recorded total diesel sales in the amount of 791 thousand bpd, representing growths of 35% and 17% when compared to sales in the same month of 2020 and 2019, respectively. Also in March 2021, Petrobras surpassed the sales record for S-10 Diesel, with low sulfur... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that it published today its 2020 Sustainability Report. In addition to presenting its operating, economic, social, environmental and governance performance, the report shows Petrobras’ advances in environmental and social indicators and the support in the fight against the effects of the Covid-19 pandemic on Brazilian society, thus expanding the... Continue Reading →
The company estimates to disburse resources in exploration, development and production in the order of U$ 40 million in 2021 and U$ 105 million for 2022. The projection has a variation margin of 20% negative or positive. Of the total set aside for this year, US$ 19 million will go to the Atlanta field, including... Continue Reading →
The ANP published the twentieth edition of the Annual Bulletin of Resources and Reserves (BAR), with consolidated information on the Brazilian oil and natural gas reserves declared in 2020. In this edition, reserve data per unit of the federation, the proportion of proven, possible and probable reserves by basin, accumulated production by basin and state... Continue Reading →
3R Petroleum (RRRP3) raised R$ 822.8 million with a new issue of shares (follow-on), four months after debuting on the Stock Exchange with an IPO that raised R$ 690 million. According to the relevant fact, R$ 559.5 million will go to the capital account of the oil company, and R$ 263.3 million will remain in... Continue Reading →
(Reuters) - Brazil’s Petrobras has fired a high-ranking manager after determining he had traded company shares in the days leading up to the firm releasing its financial results, the company said on Monday. Earlier on Monday, four sources familiar with the matter told Reuters that Claudio Costa, Petrobras’ executive manager for human resources, sold shares... Continue Reading →
(Reuters) - Brazilian energy firm Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has chosen four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion reais ($2.25 billion), four people familiar with the matter said on Monday. Raizen... Continue Reading →
