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The ANP Board approved yesterday the participations agreed between Pré-Sal Petróleo SA (PPSA) and Petrobras, on the volumes exceeding those contracted for Transfer of Rights in the areas of Atapu and Sépia, according to MME Ordinance No. 23 / 2020. MME Ordinance No. 23, dated 01/27/2020, qualified PPSA as a representative of the Federal Government... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with the provisions of article 12, paragraph 5 of CVM Instruction 358/02 (and its amendments by CVM Instruction 568/15) announces that it has received from Truxt Investimentos Ltda., correspondence informing the Company they are holders of a total of 21,814,976 common shares issued by the... Continue Reading →
The collegiate board of the National Petroleum Agency (ANP) approved on Thursday the extension of the deadline for Petrobras to conclude the sale of 69 mature fields on land and shallow water. For most of this group of assets, the new term will be June of next year, while the remaining portion should have the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on April 27, 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), as part of the competitive process, has concluded the negotiation phase with the company RP Participações em Biocombustíveis S.A. for the sale of all its shares (50%) issued by BSBios Indústria... Continue Reading →
Rio de Janeiro, December 17, 2020 - Petróleo Brasileiro S.A. - Petrobras informs that, on this date, the payment of R$ 190 million was made to the Pension Fund of the Employees of the Bank of Brazil - Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain... Continue Reading →
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 →
Brazil Energy Insight 