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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 Petrobras may evaluate the possibility of short-term adjustments to its business plan, which includes investments and divestments for a period of five years, while the crisis generated by the coronavirus and an oil price war declared by Saudis bring the commodity's quotations to a minimum. since 2016. "We are going to assess... Continue Reading →
March 16, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 12/23/2019, announces the beginning of the binding phase related to the sale of part of its interest in exploratory blocks belonging to the BM-P-2 concession, located in the Pelotas Basin deep waters, in the state of Rio Grande do... Continue Reading →
March 13, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 01/17/2020, announces the beginning of the binding phase related to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG). Potential buyers qualified for this phase will receive a process letter with detailed information on... Continue Reading →
March 13, 2020 Petróleo Brasileiro S.A. - Petrobras announces that it has started the disclosure stage for this opportunity (teaser) in relation to the joint sale of all its shares in the wind farms Mangue Seco 3 and Mangue Seco 4, owners of the wind power generation plants with the same names. Petrobras holds a... Continue Reading →
Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. Continue reading
March 9, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed an agreement with Eagle Exploração de Óleo e Gás Ltda. (Eagle) for the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, for US$ 3.01 million. The... Continue Reading →
Mar 4, 2020 Petrobras decided to suspend the pilot project for offshore wind generation in the Ubarana field, in the Potiguar Basin, on the coast of Rio Grande do Norte. The decision was communicated to Ibama, responsible for the environmental licensing of the project, at the end of January. In a letter sent to the... Continue Reading →
February 28, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/03/2020, referring to the sale of part of its equity interest in the concessions BMPAMA-3 and BM-PAMA-8, located in the Pará-Maranhão Basin, reports that it has extended until 03/05/2020 the deadline for companies to send the documents foreseen in the... Continue Reading →
Angolan state oil company Sonangol will begin in April to sell its stakes in several private firms, chair Sebastiao Gaspar Martins said, as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022. The eleven companies include local bank Banco BAI as well as Sonamet, Sonatip, and Sonadit... Continue Reading →
Brazil Energy Insight 