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Jun 19, 2020 3R Petroleum plans to invest US $ 200 million over the life cycle of the Polo Macau fields - a cluster of assets purchased from Petrobras in the Potiguar Basin, Rio Grande do Norte. - In a live interview with epbr, CEO Ricardo Savini, explained that the pandemic forced the company to... Continue Reading →
Jun 19, 2020 The ANP collegiate board approved the assignment of rights to 10 Petrobras concession contracts to Trident Energy do Brasil, referring to the Pampo and Enchova clusters, covering the fields of Badejo, Bicudo, Bonito, Enchova Oeste, Enchova, Sole, Marimbá, Pampo, Piraúna and Trilha. The assignment is part of Petrobras' divestment plan. The ten... Continue Reading →
Jun 18, 2020 The Brazilian Petroleum Institute (IBP) announced the creation of the Brazilian Downstream Association (ABD), which was officially instituted this week during a virtual assembly. The new entity will have its headquarters at the current IBP office in Rio de Janeiro, and already has a defined focus of action. In addition to prioritizing... Continue Reading →
June 19, 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 the Atum, Curimã, Espada and Xaréu fields, maritime production concessions in shallow waters located in the Mundaú sub-basin, in the State of Ceará. The teaser, which includes key... Continue Reading →
Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest. The rising threats from investors with more than $2 trillion in assets under management, including Finland-based Nordea and the... Continue Reading →
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 →
Brazil Energy Insight 