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December 18, 2019 Petróleo Brasileiro S.A. - Petrobras reports that, under the scope of its ongoing contingency assessment process, it has decided to join the Programs for Partial Tax Remission and Interest and Fine Reduction on VAT (ICMS) Debt established by the states of Amazonas, Alagoas, Bahia, Pernambuco, Rio Grande do Sul and Sergipe. The... Continue Reading →
December 18, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has completed the economic feasibility study regarding the completion of the Comperj refinery construction, together with the Chinese company CNPC and its affiliates, under the agreements to implement the strategic partnership, as disclosed to the market on October 16, 2018. The study showed that... Continue Reading →
Brazil federal prosecutors on Wednesday said shipping companies Maersk, Tide Maritime and Ferchem were targets in the latest phase of a wide-ranging corruption probe for alleged graft involving shipping contracts with state-run oil firm Petrobras. Prosecutors said in a statement that at least $3.4 million in bribes were allegedly paid in relation to 11 contracts... Continue Reading →
Dec 18, 2019 Petrobras plans to invest U$ 49.5 billion in production development projects between 2020 and 2024 The Buzios field, in the Santos Basin pre-salt, will receive the largest volume of investments foreseen in the Petrobras 2020-2024 Strategic Plan. The projection is that the asset will absorb U$ 18 billion over the next five... Continue Reading →
Industrial automation giant ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule and risk. The frame agreement continues more than three decades of collaboration, with ABB supporting Equinor to consider innovative opportunities in an era of greener, cleaner energy... Continue Reading →
China’s Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, three people with knowledge of the matter said. With a processing capacity of 150,000 barrels per day, REGAP is the fifth-largest refinery of eight up for sale by Petrobras, as part of a... Continue Reading →
Dec 16, 2019 The Brazilian Institute of Oil, Gas and Biofuels (IBP) has sent a letter to the Ministries of Economy and Infrastructure asking the government to evaluate the inclusion of tankers in the BR do Mar project, the Bolsonaro government's promise to encourage cabotage navigation. in Brazil. The IBP, which represents oil companies installed... Continue Reading →
December 17, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/01/2019, announces that it has started the binding phase referring to the sale of its interest in fifteen onshore exploratory blocks, located in the Sergipe-Alagoas Basin. Qualified parties for this phase will receive a process letter with instructions on the... Continue Reading →
Dec 16, 2019, Odebrecht shifts command at a crucial time for the company. Current group president Luciano Guidolin will be replaced by Ruy Sampaio, currently chairman of the board. The company has a meeting of creditors about the judicial recovery scheduled for Thursday, the 19th. Guidolin is expected to remain a member of the board of directors of... Continue Reading →
December 16, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on August 14, 2019, reports that it has prepaid today a US$ 5 billion loan with China Development Bank (CDB), due in 2027. This prepayment will lead to the termination of the obligation to preferentially supply, under market conditions and... Continue Reading →
