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July 6, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 06/04/2020, informs the beginning of the non-binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech... Continue Reading →
July 6, 2020 Reuters) - Petrobras' decision to sell part of its refining assets is in line with national energy policy and does not go against the Supreme Federal Court (STF) decision on privatization, defended the Ministries of Economy and Mines and Energy in joint note this Monday. The manifestation of the portfolios follows the... Continue Reading →
July 03, 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 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed instructions... Continue Reading →
Petrobras releases teaser for sale of Petrobras Biocombustível July 03, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) This transaction consists of the sale of 100% of Petrobras' shares in PBIO, including three biodiesel plants, and does... Continue Reading →
Jul 1, 2020 A much leaner company. This is the goal of the president of Petrobras, Roberto Castello Branco, who this Wednesday stated that the company should reduce the number of employees from the current 46,600 to 30,000. The executive also revealed that the Voluntary Dismissal Plans (PDVs) underway at the state-owned company had the... Continue Reading →
June 29, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe. The teaser, which includes key information about the opportunity, as well as the eligibility... Continue Reading →
Jun 29, 2020 In the middle of one of the biggest crises in the oil and gas sector, two new companies specializing in recovering mature fields will start operations this year in the Brazilian market. However, 3R Petroleum and Trident Energy will face a very different scenario than the two expected when they signed, in... Continue Reading →
Jun 29, 2020 The government is making progress in developing guidelines for Petrobras' divestments in the refining sector. On Friday (26), the Ministry of Mines and Energy (MME) announced a new position by the National Petroleum Agency (ANP) on the subject. The guideline states that the refinery's logistics infrastructure must be operated by companies other... Continue Reading →
Jun 29, 2020 The National Petroleum Agency (ANP) approved the revisions of eight of the ten fields that were owned by Petrobras and were taken over by Trident Energy. The areas in question are: Badejo, Linguado, Marimbá, Piraúna, Bonito, Enchova, Enchova Oeste and Trilha, all located in the Campos Basin. The ANP also approved the... Continue Reading →
June 26, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore production concessions located in the Solimões Basin, in the state of Amazonas. The teaser, which includes key information about the opportunity, as well... Continue Reading →
Brazil Energy Insight 