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October 04, 2019 Petróleo Brasileiro S.A. – Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and on October 24, also after market closes, it will disclose the financial statements report. On October 25 it will be held two conference calls/webcasts to present... Continue Reading →
October 04, 2019 Petróleo Brasileiro S.A. - Petrobras informs that in connection to the press released of August 1st, 2019 is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The gross value to be distributed, totaling R$ 2,608,840,252.20, corresponds to a gross amount of R$0.20 per common... Continue Reading →
Oct 4, 2019 Following the announcement issued on September 13, 2019, Petrobras announces the beginning of the non-binding phase related to the sale of Gabriel Passos Refinery (REGAP) in Minas Gerais, with its corresponding logistics assets. Potential buyers eligible for this phase will receive a descriptive memorandum containing more detailed information on the assets in... Continue Reading →
Oct 03, 2019 Brazil extracted 2.989 million bopd in August, up 7.7% over July and 18.5% over the same period in 2018, according to the new ANP production bulletin. The volume is close to that produced by the United Arab Emirates (UAE) - the third largest among OPEC countries, behind Saudi Arabia and Iraq. According... Continue Reading →
Oct 03, 2019 Wintershall DEA will make its first partial farm out in Brazil. The German oil company will sell stakes in the four deepwater blocks that operate in the Ceara and Potiguar basins - CE-M-601, POT-M-857, POT-M-863 and POT-T-865 -, said the director of Business and Government Affairs of the company in Brazil, Júlio... Continue Reading →
October 3, 2019 The National Petroleum Agency (ANP) Special Bidding Commission has qualified for the 6th pre-salt sharing round BP, Chevron, CNODC, CNOOC, ExxonMobil, Petrobras, Petronas, Repsol Sinopec and Shell as qualified operators. Also registered were the companies Ecopetrol, Murphy, QPI and Whintershall. The 6th round of pre-salt sharing is scheduled for November 7, one... Continue Reading →
The 9,200-metric-ton jacket for the new Peregrino C platform has been loaded out at the Heerema fabrication yard in Vlissingen, the Netherlands, and is being fasted to a barge for sail away to the Equinor-operated Peregrino field offshore Brazil. The wellhead platform topsides are due to leave the Kiewit yard at Ingleside, Texas, later this... Continue Reading →
Oct 02/2019 According to ANP, the August 2019, oil and natural gas production in Brazil totaled 3.828 million barrels of oil equivalent per day (MMboe / d). Oil production was approximately 2.989 million barrels per day (MMbbl / d), an increase of 7.7% from the previous month and 18.5% from August 2018. The volume exceeded... Continue Reading →
Brazil’s Senate on Wednesday approved a landmark pension reform bill in a first round of voting, in a relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform’s projected savings. The bill will now pass to a second and final voting round. Senate President David Alcolumbre... Continue Reading →
Oct 02, 2019 BW Offshore finalized the transfer of E&P assets to BW Energy, the former subsidiary. As a result, BW Energy becomes an independent E&P company based in Bermuda. BW Offshore's decision to separate its share of E&P was announced in May this year. The goal is for BW Energy to be open to... Continue Reading →
Brazil Energy Insight 