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 →
PETROBRAS RE-STRUCTURE WILL LEAVE THE COMPANY WITH A LESS STATE AND MORE PRIVATE CULTURE
Jun 29, 2020 The oil unions are reacting hard and even with some indignation to the decision of the Petrobras Board of Directors, which, in early June, approved a change in the internal policy of the state-owned company, authorizing the increase of the appointments of outside professionals for the company's high command. The measure raises... Continue Reading →
ANP DEFINES THAT REFINERIES AND LOGISTICS ASSETS MUST BE OPERATED BY DIFFERENT COMPANIES
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 →
Exclusive: Petrobras to receive offers for Bahia refinery on Thursday, sources say
Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets. If the deal for the Landulpho Alves refinery, also known as RLAM,... Continue Reading →
THE BRAZILIAN DOWNSTREAM ASSOCIATION IS CREATED, FOCUSING ON REVISING THE O&G TAX MODEL
Jun 18, 2020 The Brazilian Petroleum Institute (IBP) announced the creation of the Brazilian Downstream Association (ABD), which was officially instituted this week during a virtual assembly. The new entity will have its headquarters at the current IBP office in Rio de Janeiro, and already has a defined focus of action. In addition to prioritizing... Continue Reading →
Uruguay’s Ancap Explores Refining Venture to Gain Regional Clout
Uruguay’s state-run oil company Ancap has held informal talks with at least two refiners in South America to gauge their appetite for joining forces to gain more clout in the regional market, Chairman Alejandro Stipanicic said. A potential deal could include agreements to jointly buy crude and export refined products, as well as the pooling of technical... Continue Reading →
Construction of refinery and lubricant factory in Espírito Santo may attract R$ 2 billion – Oil Group/EnP
June 1, 2020 Oil Group and EnP signed an agreement on Friday (29) to develop the construction project for the Espírito Santo Refinery (RefinES) and the Capixaba Lubricants and Asphalt Plant (LubCap). The expectation of the companies is that the works will raise investment in the order of R $ 2 billion for both projects.... Continue Reading →
EnP and Oil Group sign agreement for refinery
May 29, 2020 The Oil Group and the Energy Platform-EnP (Marcio Felix) signed, on Friday (29/5), a memorandum of understanding for the construction of a mini-refinery and a lubricant factory, in Espírito Santo. Named RefinES and LubCap, the units will be installed in locations to be defined, after 2022. RefinES will have an initial capacity... Continue Reading →
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