Jul 13, 2020 Petrobras confirmed that it extended the deadline for the submission of proposals to the Bidding Commission for contracting the FPSO for Itapu. Another 42 days were given, with the date now set for August 31. During this period, adjustments will be made to the project and even a possible definition of whether... Continue Reading →
Petrobras accelerates restructuring and focus on pre-salt with the pandemic
July 13, 2020 The new coronavirus pandemic accelerated Petrobras' strategy of concentrating efforts on the pre-salt layer. The state-owned company, which had already been selling subsidiaries, announced plans in the last three months to reduce by 34% the number of employees (from 45,500 to 30,000), to close nine commercial buildings and leave half of the... Continue Reading →
Brazil’s offshore oil workers chilled by coronavirus outbreaks
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into the facility’s infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety... Continue Reading →
Petrobras on preventive measures in aviation gasoline
July 11, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has decided, preventively, to interrupt supplying a specific imported batch of aviation gasoline after tests carried out at its research center (Cenpes). The company identified that this batch had a different aromatic content compounds than the batches imported until then, although in accordance with... Continue Reading →
Petrobras on sale of Petrobras Biocombustível stake in Bambuí
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/03/2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) signed today an agreement for the sale of its 8.40% stake in the company Bambuí Bioenergia S.A. (Bambuí) to Turdus Participações S.A., which holds the other 91.60% stake in the... Continue Reading →
PetroRio | June 2020 Operational Data
July 10, 2020 - 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 June. Continue reading
Petrobras starts Gaspetro’s binding phase
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Petrobras gives up appealing to lawsuit and will have to rename Lula field
July 9, 2020 After giving up on appealing a lawsuit, Petrobras has already started talks with the National Petroleum, Gas and Biofuels Agency (ANP) to change the name of the Lula field, the largest oil producing field in the country named after former President Luiz Inácio Lula da Silva. The name change was requested in... Continue Reading →
UTC back offshore
July 10, 2020 Almost three years after the end of the precautionary blockade by Petrobras, the group closes contracts with the state-owned company and Trident Energy. Heftos Óleo e Gás Engenharia - a subsidiary of the UTC Participações group - signed contracts with Petrobras to provide services at the Gabriel Passos Refinery (Regap), in Minas... Continue Reading →
Christmas trees for Buzios
July 10, 2020 Petrobras will launch a bid to acquire a batch of wet Christmas trees for the new phases of the Búzios project, in the Santos pre-salt cluster. Notice for the tender will be released later this year. The terms of the tender are still being formatted by the E&P area, together with the... Continue Reading →
Brazil Energy Insight 