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JUN 18, 2020 Engie Brasil is celebrating the positive result it is seeing from the TAG gas pipeline network, acquired from Petrobras last year. As a result, the French company is evaluating the possibility of buying the 10% of the assets that are still in the hands of the state-owned company. “The operation is better... Continue Reading →
(Reuters) - Brazil’s central bank will likely be forced to put aside its misgivings and cut interest rates much further, testing the “lower bound” of rates as it battles against potentially the biggest economic crash on record and historically low inflation. A debate over the lower bound, which has consumed various global central banks in... Continue Reading →
June 17, 2020 Petróleo Brasileiro S.A. – Petrobras, regarding to the news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that, according to the press released on 01/16/2020, has been studying a possible additional sale of its stake in BR. However, there is still no deliberation... Continue Reading →
June 16, 2020 Petrobras has postponed until July the deadline for submitting the bidding proposals for chartering one or more drill rigs for Mero, a production sharing field located in the Santos Basin. The date was scheduled for 19 of June, but the oil company chose to postpone to 6 of July. Source: PetroleoHoje
June 16, 2020 Ibama granted an operating license for the production, collection and disposal of oil and natural gas from the Pampo and Enchova fields, in the Campos Basin, to Trident Energy. The company bought Petrobras' shallow water assets last year. In the decision, the environmental agency defined that the company will be responsible for... Continue Reading →
June 17, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore and shallow water concessions located in the state of Alagoas. The teaser, which includes key information about the opportunity, as well as the... Continue Reading →
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil. DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020. Continue reading
Jun 16, 2020 Ordinance No. 239 of the Ministry of Mines and Energy (MME) was published in the Official Gazette (DOU), which authorizes the ANP to enable the nine-month extension of the deadlines related to the Exploration provided for in contracts under the Production Sharing regime, in accordance with the conditions established in ANP Resolution... Continue Reading →
June 16, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in addition to the Material Fact of March 25, 2019, informs its shareholders that it has signed amendments to agreements with certain subsidiaries of Chevron Corporation (“Chevron”) to establish a new amortization schedule for the vendor finance associated with the acquisition of the 51.74%... Continue Reading →
Norwegian vessel owner Solstad Offshore has won a contract for two of its anchor handling tug supply (AHTS) vessels from Brazilian oil company Petrobras. Solstad said on Tuesday that it won three-year contracts for the Far Sagaris and Far Statesman. Continue reading
Brazil Energy Insight 