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December 23, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no prejudice... Continue Reading →
December 20, 2019 Ibama denied Petrobras' request to drill an exploratory well in block area BM-P-2 in the Pelotas Basin. The environmental agency recently closed the licensing process, due to technical uncertainties that were not clarified by Petrobras. Petrobras and Total trying to sell the asset. The teaser, which marks the start of the sale,... Continue Reading →
20/12/2019 Petrobras reports on divestments in the biofuels segment. The company guideline to exit this segment, announced in 2016, accelerated in 2019 and four important transactions were carried out this year: - Sale of stake in Belem Bioenergia Brazil (BBB) - Petrobras Biocombustível S.A. (PBio), a Petrobras subsidiary, has completed the sale of 50% of... Continue Reading →
20/12/2019 Petrobras, following up on the release dated on October 4, 2019 informs the beginning of the binding phase related to the sale of Gabriel Passos Refinery (REGAP) in Minas Gerais, with its corresponding logistical assets. Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including... Continue Reading →
December 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its wholly owned subsidiary Petrobras Biocombustíveis S.A. (PBio) has started the opportunity disclosure phase (teaser) related to the joint sale of all its shares in BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (“BSBios”). PBio holds a 50% stake in BSBios and will sell... Continue Reading →
Dec 19, 2019 Anglo-French Perenco and UK companies Trident Energy and Premier Oil are among the companies studying the purchase of a set of Petrobras oil fields known as Polo Garoupa, seven sources told Reuters in recent weeks. The deliberations are preliminary, and it is possible that neither company will actually buy mature offshore fields... Continue Reading →
December 19, 2019 Royalties are the most traditional form of taxation of mineral resources in the world. It is compensation for the exploitation of a mineral resource designed to ensure that future generations enjoy the benefits that exploitation of the non-renewable natural resource provides to the current generation. In the Brazilian case, according to Law... Continue Reading →
12/19/2019 Petrobras launched the website New Paths (www.petrobras.com.br/novoscaminhos ), a channel created to explain the strategies and business decisions of the company. In addition to the site, an advertising campaign featuring two television films and Internet plays will invite people to learn more about the portfolio management at Petrobras. The main message is to explain... 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 →
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 →
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