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French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin. To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks 120 kilometers offshore Brazil. The decision came almost two years after... Continue Reading →
For the first time, Operation Lava Jato investigates the Exploration and Production sector at Petrobras. The Federal Police carried out 25 search and seizure warrants in the 75th phase of the operation, named Boeman - a reference to the mythical creature from Holland popularly known as the bogeyman. Twenty warrants are being fulfilled in Rio... Continue Reading →
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said. The consensus forecasts for the value of the business, which makes gas and wind turbines, is 21 billion to 22... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, reiterates that it has not yet been defined the moment to launch the secondary public offer (follow on) aimed at the sale of the entirety of its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR Distribuidora). The... Continue Reading →
September 21, 2020 Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of any and all of its outstanding notes of the series set forth in the table below (the “Notes” and such... Continue Reading →
September 17, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, and in addition to the material fact disclosed on September 10, 2020, informs its shareholders and the market in general that it has chosen to interrupt... Continue Reading →
Sept 15, 2020 Petrobras announces that holders of U.S.$4,037,681,000 aggregate principal amount of 5.093% Global Notes due 2030 (the “Old Notes”), issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), tendered their Old Notes prior to 5:00 p.m., New York City time, on September 15, 2020 (the “Expiration Date”), pursuant to PGF’s previously announced... Continue Reading →
Sept 16, 2020 A group of Seadrill's creditors has agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday. Seadrill, which has so far failed to convince its 43 bank lenders to permanently adjust... Continue Reading →
Oilfield services company Weatherford will appoint Girish K. Saligram as its President and CEO effective October 12, 2020. He will replace the interim CEO Karl Blanchard who took the role after the previous CEO Mark A. McCollum left the company in June. Blanchard will resume his role as Executive Vice President and Chief Operating Officer. The U.S.... Continue Reading →
Sept 10, 2020 A Petrobras manager was among the subjects of search warrants issued to police on Thursday, part of a years-long investigation into alleged corruption at the Brazilian state-controlled oil firm, according to court documents seen by Reuters. Brazil’s federal police served 25 search warrants as part of the sweeping “Car Wash” probe, one... Continue Reading →
Brazil Energy Insight 