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Petróleo Brasileiro S.A. - Petrobras announces that yesterday it concluded the offering of its 5.60% Global Notes due January 2031 in the international capital market in the amount of US$ 1 billion (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17), by means of its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). Pricing of the notes occurred on... Continue Reading →
The still challenging scenario imposed by the coronavirus pandemic continues to spill into Petrobras' plans. The state-owned company announced this week that it decided to postpone, to 2021, part of its scheduled platform stops, initially planned for the fourth quarter. The measure is a response to the contingency scenario of Covid-19, which continues to limit... Continue Reading →
Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year. Boasting more than 32GW of renewable generation capacity in markets including Spain, the United States, Brazil and Britain, Iberdrola is capitalizing on... Continue Reading →
(Reuters) - Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two companies as part... Continue Reading →
Petrobras' operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas production in Brazil grew by 9.0% in the first nine months of this year compared to last year. The production of the pre-salt fields increased by 32%, while in the other areas, post-salt, shallow... Continue Reading →
(Reuters) - Brazilian police on Tuesday expanded a long-running corruption investigation known as Car Wash to international contracts mostly for diesel and jet fuel at state-controlled oil company Petroleo Brasileiro SA PETR4.SA, prosecutors said in a statement. Search warrants were issued against six individuals and two businesses related to one of them as part of a... Continue Reading →
3R Petroleum defined between R $ 24.50 and R $ 31.50 the indicative price range for its initial public offering (IPO). Launch is scheduled for November 9. Considering the middle of the range, of R $ 28.00, and the number of 28,571,429 shares of the base offer, the operation may handle R $ 800 million.... Continue Reading →
Ocean bottom seismic company Seabed Geosolutions has won a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project, for an unnamed client, is to be acquired in water depths greater than 2,200 meters and the baseline survey is scheduled to start... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) of any and all of its outstanding notes of the series set forth in the table below (the “Tender Notes” and such... Continue Reading →
Sharing contract oil production was 22,000 barrels / day (bpd) in August, 24% less than in July. The drop is a reflection of the 27-day scheduled stoppage in production at the Mero Development Area for the execution of the 8-inch line disconnection operations. The downturn in Mero production has been occurring since April, as planned... Continue Reading →
Brazil Energy Insight 