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March 20, 2020 Petrobras, due to the prevention measures to the coronavirus, will postpone the receipt of binding offers in the processes of divestment in downstream and its respective logistic assets, in order to ensure the effective performance of due diligence by potential buyers. The processes include the refineries Abreu e Lima (RNEST) in Pernambuco,... Continue Reading →
March 19, 2020 - Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance, updates its shareholders and the market in general about the results of the 3rd Phase of Polvo’s (“Polvo”, or “Field”) Revitalization Plan and the resulting impact from lower royalty rates incurring on the production of the new wells.... Continue Reading →
Mar 19, 2020 (Reuters) - Brazil’s central bank said on Thursday that the $60 billion foreign exchange swap line facility provided by the U.S. Federal Reserve does not imply any economic policy conditionality. In a statement, Brazil’s central bank said the facility will be used to increase the provision of dollar liquidity where necessary, and... Continue Reading →
MAR 19, 2020 In the midst of all this confusion, good news. In yet another contribution to the digitalization of the oil and gas sector, Repsol Sinopec Brasil, Shell Brasil and Deep Seed Solutions signed a contract for the development of the i-Concept project. The objective is to develop digital technology to improve and accelerate... Continue Reading →
Brazil cut its benchmark interest rate by half a point to a record low in a bid to mitigate the effects of the coronavirus pandemic that’s likely to push Latin America’s largest economy into recession. The central bank’s board, led by its President Roberto Campos Neto, on Wednesday lowered the Selic to 3.75%, as forecast... Continue Reading →
March 18, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance updates its shareholders and the market in general on the ongoing initiatives to protect its employees and stakeholders, given the current market uncertainties and volatility stemming from the new coronavirus outbreak and recent drop in Brent oil prices.... Continue Reading →
March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the pressm release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), announces the postponement of the deadline to qualify potential buyers for the non-binding phase for April 30, 2020. The adjusted teaser is available... Continue Reading →
March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 01/15/2020, announces the beginning of the binding phase regarding the sale of its entire interest in two sets of offshore concessions, called Golfinho Cluster and Camarupim Cluster, located in deep waters, in the Espírito Santo Basin, in Espírito Santo state. Qualified... Continue Reading →
Mar 18, 2020 It is premature to discuss the postponement of auctions for oil exploration areas in 2020, defended the president of IBP, Clarissa Lins, in an interview with Estadão. The current planning is to carry out this year, the 17th concession round and the 7th pre-salt sharing auction. - "At the moment, the most... Continue Reading →
Mar 18, 2020 Objective is to inventory and evaluate the conditions of wells and structures to include new assets in the Permanent Offer regime The ANP reported that it is inspecting fields with marginal accumulations to include them in the Permanent Offer. The objective is to inventory and evaluate the conditions of the wells and... Continue Reading →
Brazil Energy Insight 