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July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, on July 11th, it successfully concluded tests on an industrial scale for the production of renewable diesel. The tests were conducted at the Presidente Getúlio Vargas Refinery (Repar), in Araucária, Paraná, where 2 million liters of soybean oil were processed, which resulted in the production... Continue Reading →
July 13, 2020 The new coronavirus pandemic accelerated Petrobras' strategy of concentrating efforts on the pre-salt layer. The state-owned company, which had already been selling subsidiaries, announced plans in the last three months to reduce by 34% the number of employees (from 45,500 to 30,000), to close nine commercial buildings and leave half of the... Continue Reading →
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/03/2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) signed today an agreement for the sale of its 8.40% stake in the company Bambuí Bioenergia S.A. (Bambuí) to Turdus Participações S.A., which holds the other 91.60% stake in the... Continue Reading →
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oilfield cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash. With average daily production of 15,000 barrels of oil and 750,000 cubic meters of gas, Golfinho is... Continue Reading →
July 9, 2020 Petróleo Brasileiro S.A. – Petrobras, regarding to the news published in the media, referring to the divestment of the Landulpho Alves Refinery (RLAM), clarifies that there was approval by the Company's internal bodies to start the negotiation phase of the applicable contracts and the Mubadala Investment Company (Mubadala) presented the best binding... Continue Reading →
July 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it signed today with OP Pescada Óleo e Gás Ltda., a wholly-owned subsidiary of Ouro Preto Óleo e Gás S.A., an agreement for the sale of its entire stake in the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada... Continue Reading →
Jul 9, 2020 The international auction for the sale of Petrobras' P-7, P-12 and P-15 platforms was rescheduled for the next 24th, at 10am. The electronic auction will take place through the auctioneer João Emílio's website. Initially, the event would be held today. The platforms being auctioned by Petrobras are currently anchored in the Campos... Continue Reading →
July 6, 2020 Petrobras hopes to reach an understanding within six months with Odebrecht about a new shareholder agreement for petrochemical Braskem, in which both companies are partners, said CEO Roberto Castello Branco during an online event on Monday. The new agreement, in which preferred shares would be converted into voting shares, would allow Petrobras... Continue Reading →
July 7, 2020 Petrobras informs that it has started the decommissioning of the P-12 platform, in the Campos Basin. The decommissioning of the P-07 and P-15, in the Campos Basin, and the FPSO Piranema in the Sergipe-Alagoas Basin are also scheduled for 2020. According to the company's Strategic Plan for 2020-2024, 18 production platforms will... Continue Reading →
Brazil Energy Insight 