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(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 →
After announcing the postponement of the Parque das Baleias Integrated Project for about a year, Petrobras will begin this Monday afternoon the new bidding process for contracting the enterprise's FPSO. The start of delivery of proposals for construction and chartering of the vessel will begin today at 14:00 hours. The calendar foresees that the opening... Continue Reading →
The National Immigration Council published a text that updates Normative Resolution 6, aimed at regulating seafarers and other foreigners on vessels. The rules have not changed since the Migration Law came into force in 2017. “These are significant changes that amplify and clarify common doubts of companies that work with vessels and offshore platforms. In... Continue Reading →
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year. Petrobras said last Friday that it also cancelled the FPSO charter bidding, granting the start of a new bidding process. The operator, citing the economic context of COVID-19 in its decision, now expects first oil... Continue Reading →
Brazil Energy Insight 