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Petróleo Brasileiro S.A. – Petrobras informs that it has done today the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 94 million and will do in January 2021 the partial prepayment of R$ 4.493 billion. The TFC... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 09/06/2019, informs that has signed today with Ouro Preto Energia Onshore S.A., wholly-owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale all of its stakes in fourteen onshore exploration and production fields, called Recôncavo Cluster, located in the state... Continue Reading →
The government intends to offer large blocks on land, up to 36 thousand km², in addition to reducing costs and entry barriers for contracting exploration areas. The proposals are the result of Reate, the Oil and Natural Gas Exploration and Production Activity Revitalization Program in Onshore Areas. - The program was created in 2017, under... Continue Reading →
Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern South American shore, this time in Suriname. It must have felt like adding insult to injury for OPEC producers and reckless behavior for investors, but offshore oil... Continue Reading →
ExxonMobil announced Juan Lessmann as president of ExxonMobil in Brazil to replace Carla Lacerda, who is retiring after 35 years with the company. Juan Lessmann will be responsible for the sustainable growth of affiliates. An ExxonMobil employee for more than 22 years, he has held outstanding positions in exploration and production around the world, including... Continue Reading →
The oil tanker Eagle Passos, a vessel of the AET company, has already departed for Brazil and will reinforce the Transpetro fleet. The new unit left the Samsung Heavy Industries shipyard in South Korea and is expected to dock in Rio de Janeiro around the 11th of next month. Eagle Passos is the latest in... Continue Reading →
The Union oil surplus under the production sharing regime increased 74% in October, compared to September, registering a daily average of 7 thousand barrels of oil. Of this total, 4 thousand bpd (barrels of oil per day) were produced in the Mero Development Area, 3 thousand bpd in Entorno de Sapinhoá and 40.7 bpd in... Continue Reading →
Petro Rio SA (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of the Securities and Exchange Commission Instruction 358, of January 3, 2002, as amended, it informs its shareholders and the market in general that on this date its Board of Directors approved the beginning of the work and the procedures for choosing... Continue Reading →
The 10 Year Energy Plan (PDE) 2030 is in public consultation this week, bringing some expressive forecasts about how the oil and gas sector in Brazil will develop in this decade. The document points out that the exploration and production (E&P) segment should receive investments between US$ 415 billion and US$ 454 billion in the... Continue Reading →
(Reuters) - Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter. The investigation has focused on two of the three top Trafigura directors, Co-head of Oil Trading Jose... Continue Reading →
Brazil Energy Insight 