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Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and maintenance of the Marlim 2 FPSO. Yinson won two letters of intent from Petrobras in October 2019 for the charter and operation of the Marlim 2 FPSO for the Marlim revitalization project in Brazil. The company said at the time that the estimated... Continue Reading →
March 27, 2020 Petróleo Brasileiro S.A.- Petrobras reports that has received the nomination of one more name for the Board of Directors. Thus, pursuant to the CIRCULAR LETTER/CVM/SEP/Nº02/2020, discloses the names of candidates nominated by the controlling shareholder, represented by the Federal Union, to the Board of Directors (BD) and Fiscal Council (FC), whose elections... Continue Reading →
Health Alert U.S. Embassy Brasilia, Brazil March 28, 2020 Location: Brazil Event: On March 27, Brazil announced the closure of its borders, beginning on March 30, 2020 for 30 days, to individuals arriving by air who do not fall into one of the following categories: Brazilian citizens, born or naturalized Permanent residents of Brazil Foreign... Continue Reading →
Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear. Hopes for any growth this year have all but evaporated. Many observers expect Brazil’s $1.8 trillion economy to post its first annual contraction since 2016.... Continue Reading →
Mar 27, 2020 Petrobras will move ahead with its billion-dollar divestment plan, despite the scenario of falling oil prices and a supply shock, the president of the state oil company, Roberto Castello Branco, said on Thursday in a conference call with analysts and investors. The company has not received indications, so far, that there is... Continue Reading →
Two new dive support vessels (DSV) operated by Belov Engenharia Ltda. have completed class commissioning and are currently performing client acceptance testing for Petrobras. Built at Belov's own fabrication facility in Salvador, the newbuilds Belov Amaralina and Belov Humaitá are of Robert Allan Ltd.'s RAlly 4000’s Class design, fitted with Dynamic Positioning System (DP2), four... Continue Reading →
Mar 26, 2020 Shell released the definitive bid for chartering the FPSO for the project to develop the production of Gato do Mato. Continuing the RFI (Request for Information) started in May 2019, with several technical alternatives for the unit, the oil company finally resolved on the production capacity of the unit it will produce... Continue Reading →
Brazilian oil company Petrobras on Thursday said it was dialing back short-term production, delaying a dividend payment and trimming its 2020 investment plan, among other measures aimed at reducing costs in the face of the coronavirus pandemic. In a securities filing, Petroleo Brasileiro SA, as the state-run firm is formally known, said it was reducing... Continue Reading →
March 26, 2020 Petróleo Brasileiro S.A. – Petrobras invites investors and analysts to a webcast to be held today regarding on the measures that are being adopted by the company due to the impacts of the COVID-19 virus outbreak and the oil price shock. The webcast will be in English, with the participation of Petrobras'... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the impacts of the COVID-19 (coronavirus) pandemic and the oil prices shock. The company announced a range of measures to preserve the health of its employees and to support the... Continue Reading →
Brazil Energy Insight 