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July 03, 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 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed instructions... Continue Reading →
July 3, 2020 Equinor intends to keep its US $ 15 billion investment plan active in the country, despite the expectation of a reduction in oil prices for the long term. While combing through its entire portfolio of assets, to fit them with the new reality of the market, the Norwegian oil company ensures that... Continue Reading →
July 3, 2020 Following its plan to increase digitization in its processes, Petrobras has hired a new satellite service and is already seeing the first positive results. According to the company, the change will allow a 75% reduction in transmission time between platforms, going from 600 to 150 milliseconds - less than the blink of... Continue Reading →
Petrobras releases teaser for sale of Petrobras Biocombustível July 03, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) This transaction consists of the sale of 100% of Petrobras' shares in PBIO, including three biodiesel plants, and does... Continue Reading →
July 2, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on April 8, 2020, hereby updates the market on the Voluntary Severance Programs (PDVs) and Incentive Retirement Program (PAI) implemented by the company as part of its resilience actions aimed at maximizing value generation for shareholders. In addition to the PAI,... Continue Reading →
July 2, 2020 Flexibrás (TechnipFMC) presented the lowest price in a bid from Petrobras to hire 12,415 km of flexible lines, including accessories, spare parts and freight. The company's proposal was R $ 87.1 million, exceeding the offers of NOV Flexibles (R $ 105 million) - which closed a contract for 137 km of pipelines... Continue Reading →
July 2, 2020 In May, national production was 3,485 MMboe / d (million barrels of oil equivalent per day), of which 2,765 MMbbl / d (million barrels per day) of oil and 114 MMm3 / d (million m3 per day) ) of natural gas. Oil production decreased by 6.5% compared to the previous month and... Continue Reading →
Jul 2, 2020 WEG and TechnipFMC (TFMC), have developed a solution that they believe is capable of reducing up to 60% of the total production cost in brownfield projects (term applied when the product of the project is realized to add to something that already exists. Generally it refers expansion of the projects) and eliminate... Continue Reading →
MAN Energy Solutions will deliver six compressor trains for Yinson's FPSO being built for deployment in Brazil. For the FPSO named Anna Nery, MAN Energy Solutions will deliver four RB-type centrifugal-compressor trains for gas production and export, as well as two screw-compressor trains, which will be put into operation as vapor-recovery units. The FPSO will... Continue Reading →
Jul 1, 2020 A much leaner company. This is the goal of the president of Petrobras, Roberto Castello Branco, who this Wednesday stated that the company should reduce the number of employees from the current 46,600 to 30,000. The executive also revealed that the Voluntary Dismissal Plans (PDVs) underway at the state-owned company had the... Continue Reading →
Brazil Energy Insight 