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Set to deploy 21 FPSOs by 2025, Brazil currently leads the world in offshore floating production development. As part of the Global Offshore Brazil Summit, in Rio de Janeiro March 4th and 5th 2020, Wood’s Chris Barton will lead an exclusive FPSO Focus speaker panel. Barton, senior VP of business development for Wood, will present on innovations... Continue Reading →
January 29, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that it has requested today its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras' adhesion to the Program took place on 08/08/2017. After that, the company continued to evolve in the improvement of its governance practices, having adhered to the... Continue Reading →
January 29, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria Cláudia Guimarães for the position of member of the company's Board of Directors. This appointment will be submitted to the next General Shareholders' Meeting to be held. Mrs. Maria Cláudia... Continue Reading →
January 29, 2020 Petróleo Brasileiro S.A. - Petrobras discloses that its proved oil, condensate and natural gas reserves according to SEC (US Securities and Exchange Commission) regulation were estimated at 9.590 billion barrels of oil equivalent (boe), as of December 31, 2019, as displayed in Table 1. Continue reading
January 29, 2020 The federal government made a change to the re-bidding of the surplus of the Transfer of Rights assignment of Sépia and Atapu, in the Santos Basin pre-salt, and Pre-Salt Petroleum (PPSA) will be responsible for negotiating and defining with Petrobras the value of the indemnity that will be charged to possible partners... Continue Reading →
Jan 29, 2020 A new chapter in the history of Petrobras' problems with flexible risers. A line connected to the FPSO Cidade de Angra dos Reis, located in the Lula field, broke on the 21st. According to Petrobrás, there was no damage to the environment and it was also not necessary to stop production. The... Continue Reading →
Jan 29, 2020 Petrobras hired seven investment banks to sell a stake in BR Distribuidora, three sources with knowledge of the matter told Reuters. The offer will be coordinated by the investment banking units of Morgan Stanley, JP Morgan Chase & Co, Goldman Sachs Group, Itaú Unibanco Holding, XP, Bank of America and Citgroup, the... Continue Reading →
Jan 28, 2020 But they were less than a third of the volume of oil consumed in 2019! The world still celebrates the modest increase in discoveries of oil resources in 2019, after a period of several years of discoveries far below those of the years until 2015 (Rystad Energy, 2020). Still, even in... Continue Reading →
Jan 28, 2020 For the first time, an FPSO installed in the Lula field was the one that produced the most in the country The FPSO P-69 extracted 183,767 thousand boed in November 2019, occupying, for the first time, the top of the list of FPSOs with the highest production in the country, according to... Continue Reading →
Jan 28, 2020 Report by consultancy Wood Mackenzie highlights that Petrobras and Shell found evidence of oil and gas in their wells, but nothing economically attractive for now Since 2017, oil companies have paid R$ 42 billion for exploration areas in the Brazilian pre-salt layer, one of the regions most coveted by multinationals. Despite this,... Continue Reading →
Brazil Energy Insight 