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August 17, 2020 Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of an offer (the “Exchange Offer”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to exchange up to U.S.$4,115,281,000 aggregate principal amount of PGF’s newly issued 5.093% Global Notes due 2030 (CUSIP/ISIN: 71647N BE8 / US71647NBE85) (the “New Notes”) registered... Continue Reading →
Aug 17, 2020 The combined production of oil and gas in the Brazilian pre-salt reached 2.7 million barrels of oil equivalent in July, a positive variation of 6% compared to June . With this number, the pre-salt corresponded for 70.8% of national production - this was the first time in history that the wells in... Continue Reading →
Aug 17, 2020 Enauta (ENAT3) signed a contract with Gas Bridge to sell its entire 45% stake in the Manati field in Bahia, the company said in a statement released on Sunday. The transaction involves R $ 560 million, the company said, noting that the amount is subject to the overcoming of contractual conditions and... Continue Reading →
Aug 17, 2020 SBM Offshore nominates new head for Brazil. Executive Bruno Freitas will assume the role of regional director of the company in the country. He assumes the post that was in the hands of Eduardo Chamusca since April 2018. Chamusca, in turn, will assume a global role at SBM. He was appointed as... Continue Reading →
(Reuters) - French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil, the company said on Monday. The Mero 3 floating production storage and offloading vessel(FPSO) will have a liquid treatment capacity of 180,000 barrels per day (bpd) and... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 06/15/2020, announces the beginning of the binding phase regarding the sale of four thermal power plants, three of which are located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and one bi-fuel... Continue Reading →
August 14 , 2020 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and offloading unit) Marechal Duque de Caxias to be installed in the Mero field, belonging to the Libra Block, in Santos Basin... Continue Reading →
Japan Bank for International Cooperation (JBIC) has entered into an agreement to provide a project loan for a floating production storage and offloading (FPSO) vessel jointly owned by compatriot companies Modec, Mitsui & Co, MOL and Marubeni Corporation. The unit, FPSO Almirante Barroso MV32, is currently being converted from VLCC VK Eddie at the Cosco Dalian yard... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/18/2018, informs that it signed today with SPE Fazenda Belém S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in the onshore fields of Fazenda Belém and Icapuí, called Fazenda... Continue Reading →
Aug 14, 2020 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition, by MIC Capital Partners (a company of the Mubadala group) and Magni Partners, a joint venture, with a specific purpose to own and manage the following drilling rigs ( currently under construction): Arpoador, Guarapari, Urca and Frade, all from Sete... Continue Reading →
Brazil Energy Insight 