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March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Board Member Ana Lúcia Poças Zambelli presented her resignation as member of the Board of Directors of the company, as well as the Board Committees of which she was a member, for personal reasons, with effect from April 1, 2020. The election of the... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 02/27/2020, announces the beginning of the binding phase referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the shallow waters of Santos Basin. Qualified parties for this phase will receive a process letter with... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of its remaining stake (10%) in Nova Transportadora do Sudeste S.A. (NTS). The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available... Continue Reading →
March 31, 2020 Event: The U.S. Embassy and Consulates in Brazil would like to provide information to U.S. citizens about Brazilian government efforts to combat COVID-19. Actions to Take: Please remain alert to local news and follow any guidance local authorities provide. For the latest information on local governments efforts to combat COVID-19, services, and public transportation, please refer... Continue Reading →
Mar 30, 2020 The ANP has been waiting, since the end of December, for Petrobras to send documentation proving the fulfillment of 32 pending issues that prevent the P-70 from starting to operate for safety reasons. Related mainly to the commissioning and start-up schedule, the problems were identified during a prior audit and Petrobras needs... Continue Reading →
March 30, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors has decided to join the initiative of the company's Executive Board and approved the postponement of 30% of the remuneration of its members in April, May and June, for payment in September. Petrobras has already announced on 03/26/2020 the payment postponement... Continue Reading →
Mar 30/2020 Shell found new evidence of oil in well 3-SHEL-32D-RJS, in the south of Gato do Mato, in the Santos Basin pre-salt. This is the second occurrence in the block, where the oil company is conducting a campaign with the Brava Star rig, in a water depth of 2,048 thousand m. The drilling of... Continue Reading →
MAR 30, 2020 The unique characteristics of the pre-salt motivated Equinor and the Institute of Petroleum and Natural Resources (IPR) to carry out a new study to deepen the knowledge about the reservoir rocks of the layer. The research will last four years and the main objective will be to understand the origin and... Continue Reading →
March 30, 2020 Investment cut leads large companies, such as Schlumberger and TechnipFMC, to reduce expenses and postpone projects The fall in the price of oil in recent weeks has led to a wave of investment cuts by global oil companies and, little by little, this movement begins to affect the chain of suppliers of... Continue Reading →
FPSO leasing company BW Offshore has informed that a charter for FPSO Cidade de Sao Mateus has expired. The FPSO was involved in an explosion in February 2015, an incident in which nine workers were killed, and 26 others injured. Continue reading
Brazil Energy Insight 