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January 31, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the pressrelease disclosed on 10/24/2019, informs the beginning of the binding phase related to the sale of downstream assets, which includes: Isaac Sabbá Refinery (REMAN) in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) in Ceará, and the Shale Industrialization Unit (SIX) in... Continue Reading →
Jan 30, 2020 In 2016, the National Petroleum Agency (ANP) extended the concession contract for the Ubarana field until 2034. It is also there that Petrobras intends to install its first offshore wind project in the country, with a wind turbine tower, an anemometric tower and an electric-optical umbilical submarine cable approximately 1 km long,... Continue Reading →
Jan 29, 2020 Petrobras obtained from Ibama the license for the environmental regularization of drilled wells and the production activities of eleven fields in shallow waters in the Northeast, which the company is selling or has already sold. The measure, according to sources that accompany the negotiations, is essential for the company to be able... 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 →
January 23, 2020 Petrobras, following up on the release disclosed on 12/20/2019, informs the beginning of the non-binding phase related to the sale of all shares of BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (BSBios) by its wholly-owned subsidiary Petrobras Biocombustíveis S.A. (PBio). Potential buyers qualified for this phase will receive a descriptive... Continue Reading →
January 22, 2020 By Marcus D’Elia The long-awaited competition in the oil and gas market may delay more than expected. According to a study by Leggio, the sale of the eight refineries by Petrobras is not enough to generate competition in this market. For this to actually happen, it will also be necessary to expand... Continue Reading →
January 21, 2020 - Petróleo Brasileiro S.A. – Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two... Continue Reading →
Jan 17, 2020 Petrobras, following up on the press release disclosed on 11/12/2019, related to the sale of 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI) - a subsidiary of Petrobras - in Petrobras Uruguay Distribuición S.A. (PUDSA), informs that the project´s non-binding phase is underway, as described in the... Continue Reading →
January 17, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 12/11/2019, announces the beginning of the non-binding phase related to them sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG). Potential buyers qualified for this phase will receive a descriptive memorandum with more detailed information... Continue Reading →
Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand. Oilfield service providers are facing reduced spending by oil and gas producers as investors push for higher shareholder... Continue Reading →
Brazil Energy Insight 