- Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January. Obs.: (1) Frade figures account for a 70% interest in the Frade Field. On February 5, 2021, the Company announced the closing of the acquisition... Continue Reading →
Petrobras applies for operating license for the shallow water and onshore gas pipeline for Rota 3
New preparations for the entry into operation of the Rota 3 gas pipeline, which will take the pre-salt gas to the Gaslub Itaboraí pole (formerly Comperj). Petrobras announced that it had asked Ibama for the operating license for the shallow and onshore maritime stretches of the line, which may start operating later this year. The... Continue Reading →
Rystad sees Africa and the Americas as hotspots for high-impact wells in 2021
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41 per cent from 32 per cent in 2019 and pushed discovered volumes to 3.2 billion barrels of oil equivalent (boe),... Continue Reading →
Petrobras on the sale of RLAM and REPAR refineries
Petróleo Brasileiro S.A. – Petrobras informs that it has concluded the final round of the binding phase of the sale process of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, in which Mubadala Capital presented the best final offer in an amount of US$ 1.65 billion. The signing of the purchase and... Continue Reading →
Petrobras: Alignment to international prices has not changed
Petróleo Brasileiro S.A. - Petrobras is clarifying a piece of news published on Friday afternoon, February 5, 2021, based on distorted statements released by the press. The maintenance of the periodicity for the measurement of the adherence between realization prices and international prices, adopted since June 2020 and confirmed in January 2021, was mistakenly communicated... Continue Reading →
Petrobras on fuel prices
Petrobras on fuel prices Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media about fuel prices, clarifies that it practices prices aligned to the import parity. In the first half of 2020, given the significant increase in fuel price volatility, Petrobras decided to extend from quarterly to annual the limit period for... Continue Reading →
Petrobras starts non-binding phase for the sale of TBG and TSB
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 23, 2020, informs the beginning of the non-binding phase regarding the sale of its 51% stake in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% stake in Transportadora Sulbrasileira de Gás S.A. (TSB). Potential buyers qualified for this phase will receive a... Continue Reading →
Petrobras concludes the sale of the Frade field
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 28, 2019, informs that it has concluded today the sale of its 30% participation in the Frade field, located in the Campos Basin, north coast of the state of Rio de Janeiro, to PetroRio Jaguar Petróleo Ltda., a subsidiary of Petro Rio... Continue Reading →
Petrobras to resume aviation gasoline sales after ANP investigation
(Reuters) - Brazilian oil regulator ANP said on Friday it had notified oil company Petroleo Brasileiro SA (Petrobras) and fuel distributor BR Distribuidora of an investigation into the quality of aviation gasoline. Aviation gasoline produced by Petrobras in January did not meet required standards and ANP auditors have been at its Presidente Bernardes refinery investigating... Continue Reading →
Rig demand surge in Guyana-Suriname basin as oil majors ramp up exploration and production – Bassoe Rig Analytics
( Bassoe Rig Analytics) While most regions are reporting lower offshore drilling rig activity, South America is bucking the trend - and this time it's not just Brazil driving demand. The South American rig market, led by Brazilian NOC Petrobras, has encountered its fair share of problems over the past years. The 2014 oil price crash... Continue Reading →
