This report is aimed at providing detailed information on collection of taxes and participations made by Petrobras S.A. in 2019, on a cash basis. Read Report - PBR 2019 Tax Report
Petrobras 2019 Tax Report
ANP Permanent Offer Auctions in the second semester
April 16, 2020 MME is working to carry out the 2nd Permanent Offer Auctions in the second half of this year, said Minister Bento Albuquerque, during a webinar held by FGV, in partnership with the EPBR agency, on Wednesday (4/15). Of the four rounds planned for this year - 17th of Concessions, 7th of sharing... Continue Reading →
Weatherford tallies three deepwater firsts offshore Brazil
Weatherford International saved an operator 27.5 hours of deepwater rig time with an Integrated Completion Solution it developed to install downhole equipment in the Santos Basin, offshore Brazil. “A deepwater challenge is the ultimate equation of time equals money and Weatherford saved this operator more than 27 hours of rig time,” said Brent Baumann, President,... Continue Reading →
Coronavirus delays second phase in Equinor’s Peregrino field, sources say
Apr 15, 2020 The activities for the second phase of development of Equinor's Peregrino field, in the Campos Basin, were delayed by approximately two months, according to two sources with knowledge of the subject, in view of logistical difficulties related to the new coronavirus. Peregrino is Equinor's largest offshore operation outside Norway and currently produces... Continue Reading →
Activation of Garoupa depends on divestment
Apr 14, 2020 The resumption of operation of the platforms of the Polo Garoupa, in the Campos Basin, will depend on the result of the divestment operation of Petrobras, said managers of the state-owned company in a meeting with the Federation of Oil Workers (FUP), on Tuesday (14/4) . Since the end of March, Petrobras... Continue Reading →
WITH INNOVATIONS IN DIGITALIZATION AND SUBSEA, R&D PROJECTS IN BRAZIL TOTALED R $ 1.9 BILLION IN 2019
Apr 15, 2020 The oil companies operating in Brazil disbursed, in 2019, approximately R $ 1.9 billion in research, development and innovation projects. Despite the amount being lower in comparison with the previous year (decrease of 4.5%), companies kicked off a large volume of projects that promise to bring many advances to the exploration and... Continue Reading →
Brazilian Offshore Drilling Firm Launches Start-Up Challenge
Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges. Startups should seek innovative solutions to the challenges selected by Ocyan in the space of Intelligent Alarm Management System; Digital Twin of BOP (Subsea Blowout Preventer); Real-time BOP fluid analysis; Self-service in... Continue Reading →
New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the world’s planned licensing rounds to be canceled this year due to the combined effect... Continue Reading →
Exclusive: Brazil battles dozens of coronavirus cases on offshore oil rigs
There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator ANP told Reuters on Tuesday, exposing an outbreak far worse than previously thought. The regulator said via email that as of Monday evening there were another 897 suspected... Continue Reading →
PETROBRÁS STARTS PLATFORM SHUTDOWNS, RELOCATIONS AND DISMISAL OF EMPLOYEES TO ADDRESS THE CRISIS
Apr 14, 2020 Increased contingency at Petrobras. The company is serious about cutting people, reducing wages and stopping some activities. Almost 40 company platforms will stop producing oil and gas. The company sent a letter to Sindipetro informing about these actions. In the letter, the company offers three options to employees of the units that... Continue Reading →
Brazil Energy Insight 