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Jul 21, 2020 Brazilian oil production resumed growth in June, after four months of stagnation. According to new data from the National Petroleum Agency (ANP), Brazil extracted 3.01 million barrels of oil per day, an increase of almost 9% compared to the previous month. This was the first time that national production returned to the... Continue Reading →
Jul 21, 2020 Since December, Petrobrás had been receiving bid proposals for the chartering of drill rigs for water depths up to 700 meters. But, after a few postponements, the company decided to cancel the tender, leaving a the companies that worked in the bids and invested funds to prepare the proposals frustrated and at... Continue Reading →
July 21, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has obtained a favorable and final decision from the Federal Regional Court of the 2nd Region in process that seeks to recover the PIS and COFINS contributions overpaid due to the inclusion of VAT tax (ICMS) in the calculation basis from October 2001 onwards.... Continue Reading →
July 20, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release on March 13, 2020, informs that it has entered into a share purchase and sale agreement, regarding its remaining 10% interest in Transportadora Associada de Gás S.A. (TAG), with the group formed by ENGIE and Caisse de dépôt et placement du... Continue Reading →
July 20, 2020 3R was created to dispute the purchase of mature onshore production fields, with a focus on revitalization. Ouro Preto was founded by Rodolfo Landim to dedicate to the offshore mature fields. Onshore, 3R has an investment plan of R $ 200 million in Rio Grande do Norte and Ouro Preto recently closed... Continue Reading →
Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand caused by the coronavirus pandemic. The rise reflects Brazil’s growing clout among global oil producers as its massive... Continue Reading →
July 20, 2020 The oil company Enauta reported estimate average daily production from the Atlanta field at 23,000 barrels of oil for 2020, according to a press release. For 2021, production in Atlanta, in the Santos Basin, should drop to 18,000 bpd, projected Enauta, emphasizing that the estimates have a negative or positive variation margin... Continue Reading →
July 17, 2020 Petróleo Brasileiro S.A. - Petrobras, in compliance with article 30, item XXXIV of CVM Instruction 480/09, informs that it received from shareholders who jointly hold more than 5% (five percent) of its common shares, the request to adopt the cumulative vote system in the election of candidates to the Board of Directors... Continue Reading →
July 17, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 05/17/2019 and 06/21/2019, informs that, yesterday, the United States Court of Appeals for the Fifth Circuit dismissed the appeal filed by the company against the decision rendered by the Federal Court of Texas, on 05/17/2019, which confirmed the arbitration award... Continue Reading →
Jul 17, 2020 Among the units licensed by Petrobras are four with a capacity to produce 225,000 bopd On Thursday (7/15), Petrobras requested a license from Ibama for the implementation of 12 FPSOs in the Santos Basin pre-salt and the reactivation of an FPSO in Mero (“FPSO Mero FR”). There are four new units for... Continue Reading →
Brazil Energy Insight 