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May 6, 2020 Petrobras President Roberto Castello Branco said on Tuesday that he expects the global economic recovery to proceed slowly after the new coronavirus pandemic. Given this, he does not believe that oil prices will return to the level of $ 60 or $ 70 a barrel. "The adjustment mechanism [of the industry to... Continue Reading →
May 6, 2020 The Collective Board of ANP approved in Deliberative Circuit No. 411, of April 6, 2020, the final versions of the revision of the public notice and the new model of contract for the Permanent Offer. The final versions were sent to the Federal Audit Court (TCU), under the terms of Normative Instruction... Continue Reading →
May 06, 2020 Petrobras obtained support from Odebrecht to transform Braskem into a company with no defined control, thus facilitating a future sale of its stake in the petrochemical company via the capital markets, said the president of the oil company, Roberto Castello Branco on Tuesday. The executive considered, however, that it is necessary to... Continue Reading →
May 04, 2020 – Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on March 18 , 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), informs the reopening of the analysis and qualification phase for potential buyers, which will extend until May 15, 2020. The adjusted... Continue Reading →
May 04, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on January 31 , 2020, announces the beginning of the binding phase regarding the sale of all of its shares in the companies Eólica Mangue Seco 1 and Eólica Mangue Seco 2, owners of wind farm generation plants. The company... Continue Reading →
May 4, 2020 The crisis caused by the coronavirus pandemic is changing the calendar for the entire oil and gas sector in Brazil. This time, the National Petroleum Agency (ANP) decided to extend to December 31 this year the deadline for Petrobras to conclude the divestments of its fields onshore and in shallow water. The... Continue Reading →
May 4, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Manati field, a maritime production concession in shallow waters located in the Camamu Basin, in the State of Bahia. The teaser, which includes key information about the... Continue Reading →
April 27, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on January 23 , 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), on its behalf and representing its partner RP Biocombustível Ltda, is initiating the binding phase of the competitive process regarding the joint sale of all shares... Continue Reading →
Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022. Describing Sonangol as an "octopus," the country's minister of Mineral Resources and Petroleum, Diamantino Azevedo,... Continue Reading →
April 17, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 02/03/2020, announces that it has started the binding phase referring to the sale of its entire stake at the Papa-terra field, located in deepwater in the Campos Basin. Qualified parties for this phase will receive a process letter with... Continue Reading →
Brazil Energy Insight 