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Brazilian oil production decreased 1.2% in October compared to September, totaling 2.874 million barrels per day according to the accounts of the National Petroleum Agency (ANP). Compared to the same month last year, the drop was 3%. As for natural gas, production totaled 130 million cubic meters per day, an increase of 3.8% compared to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will be part of B3 Corporate Sustainability Index (ISE) again. The company will integrate the main Brazilian index under the aspect of corporate sustainability in 2021, which did not occur since 2008. "The return to ISE is a recognition of our efforts and initiatives in the environmental, social... Continue Reading →
Petróleo Brasileiro SA - Petrobras informs that it received, on this date, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato. This decision promoted the definitive exclusion of seventeen investors... Continue Reading →
(Reuters) - Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, exclusively under the digital format, analyzed and approved, by majority vote, the following: I. Amendments to Petrobras' By-Laws and consequent consolidation of the By-Laws, to amend Articles 17, 22, 23, 27, 30, 34 and 47 as proposed by Management.... Continue Reading →
(Reuters) - Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday. The prosecutors are also seeking a court order to freeze 1 billion reais ($187.55 million) of the defendants’... Continue Reading →
Petrobras detailed on Monday its new Business Plan for the period 2021 to 2025. In this plan, the company classifies the Campos Basin as a strategic area and will allocate a volume of US$ 13 billion to the region's fields. The amount, however, will be less in relation to the resources provided for in the... Continue Reading →
(Reuters) - Brazil’s Petrobras on Monday projected a surge in oil exports and divestments over the next five years as it steps up plans to target overseas demand and cut debt. In a virtual presentation to investors during the state-controlled company’s annual investor day, Petroleo Brasileiro SA, as it is formally known, said domestic oil... Continue Reading →
Norwegian marine seismic data acquisition company PGS has informed that its Ramform Titan vessel is about to continue the acquisition of the Campos Deepwater GeoStreamer X (Phase 2), a prefunded MultiClient 3D seismic survey with multi-azimuth coverage. In December 2020, PGS will resume operations, to acquire an additional 8 400 sq km. This survey provides... Continue Reading →
In the last 8 months, since March 2020, when the EnP Energy Platform was launched, our company has been dedicated to designing and articulating a competitive solution, contributing to the commercial viability of the gas produced on the coast of the Southeast of Brazil, both in the Pre-Salt and Post-Salt. Throughout this period, the project... Continue Reading →
Brazil Energy Insight 