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Aug 17, 2020 Enauta (ENAT3) signed a contract with Gas Bridge to sell its entire 45% stake in the Manati field in Bahia, the company said in a statement released on Sunday. The transaction involves R $ 560 million, the company said, noting that the amount is subject to the overcoming of contractual conditions and... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 06/15/2020, announces the beginning of the binding phase regarding the sale of four thermal power plants, three of which are located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and one bi-fuel... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/18/2018, informs that it signed today with SPE Fazenda Belém S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in the onshore fields of Fazenda Belém and Icapuí, called Fazenda... Continue Reading →
Aug 12, 2020 Petrobrás is taking another step in its plans to decrease the average age of Transpetro's fleet of ships and announced that it will hold an auction for the Piraí, Pirajuí and Pedreiras oil tankers, all of which are Panamax class. The event is scheduled for September 10, through the Petronect portal. The... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. The concession is located at water depths ranging from... Continue Reading →
Aug 10, 2020 Odebrecht, the parent company of petrochemical Braskem, began the process of selling all of its shareholding in the company. The information was released this weekend, in a document sent to the Securities and Exchange Commission (CVM). “ODB [Odebrecht] started preparatory steps to structure a private sale process of up to the totality... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the non-binding phase, referring to the sale of its entire stake in the Atum, Curimã, Espada and Xaréu shallow waters fields (Ceará Cluster) , located in the State of Ceará. Potential buyers qualified for this phase will receive instructions on the divestment... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/01/2020, announces the beginning of the binding phase regarding the sale of its stake (35%) in the Manati field, a shallow water offshore production located in the Camamu Basin, in the state of Bahia. Potential buyers qualified for this phase... Continue Reading →
Hefty financial losses and a depressed oil market fail to sway Brazilian NOC from pursuing ambitious upstream strategy The first half of the year was dire for Brazilian state oil firm Petrobras. The producer posted a combined $10.1bn loss, driven mainly by the oil price shock of Covid-19, currency devaluation and $13bn in impairment charges.... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the Executive Board approved the monthballing of the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas, and the deactivation will allow the... Continue Reading →
Brazil Energy Insight 