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May 25, 2020 Petrobras will hold an electronic international auction in July to dispose of three semi-submersible platforms that operated in the Campos Basin. The units in question are platforms P-7, P-12 and P-15. The virtual bidding is scheduled for July 9 and will take place on the auctioneer João Emílio's website. The information was... Continue Reading →
May 21, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 03/06/20, informs that the non-binding phase related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO) is underway, as described in the teaser,... Continue Reading →
May 19/2020 Petrobras expects to announce good news related to the sale of assets, in an important step in the search to reduce the company's debt, the president of the state oil company, Roberto Castello Branco, said on Tuesday in a videoconference transmitted by Safra Bank. The executive, who did not give details about the... Continue Reading →
May 15, 2020 Petrobras is well prepared to operate with oil prices as low as $ 15 a barrel, after putting in place several measures to deal with the sector's global crisis scenario, and may make further cost cuts, the company executive director of Finance and Investor Relations, Andrea Almeida, said on Friday. In view... Continue Reading →
May 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 4, 2020, announces the beginning of the non-binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for the non-biding phase will receive a process letter with detailed instructions on the... Continue Reading →
May 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on March 31, 2020, announces the beginning of the non-binding phase regarding the sale of its remaining stake (10%) in Nova Transportadora do Sudeste S.A. (NTS). Qualified parties for the non-biding phase will receive a process letter with detailed instructions... Continue Reading →
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up. With annual production of 19,600 barrels of oil equivalent per day according to bidding documents... Continue Reading →
May 12, 2020 PetroRio is eyeing the participation in the sale of Petrobras in the Manati field, a shallow water concession in the Camamu Basin whose teaser was published by the state-owned company last week. “We know the field well, so we are looking at the asset. There is the possibility of different projects in... Continue Reading →
May 6, 2020 Petrobras received approval from the regulatory authority for the acquisition of a slice of Norwegian Equinor's operations in two exploration blocks in the Espírito Santo Basin. The Administrative Council for Economic Defense (Cade) gave unrestricted endorsement to the businesses, which involve the ES-M-598 and ES-M-673 blocks, according to an order published in... Continue Reading →
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 →
