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Main achievements: • Robust recurring EBITDA of US$ 11.7 billion, a 19% decrease compared to 1Q23, mainly influenced by international diesel crack spreads, which declined more than 40% QoQ• Gross debt under control at US$ 58 billion, even after the increase in leases due to the startup of chartered FPSOs Anna Nery and Almirante Barroso•... Continue Reading →
(PN) Petrobras announced this week that it will start a 4D Nodes seismic survey in the Sapinhoá field, about 266 km from the municipality of Ilhabela (SP) and at a minimum depth of 2,000 meters. The monitoring phase of data acquisition in the field will be carried out by the company PXGEO. The seismic survey... Continue Reading →
ANP announced that oil production hit a new record in June. The agency released today the Monthly Oil and Gas Production Bulletin for the month of June, bringing consolidated data on national production. During the period, a total of 4.324 million barrels of oil equivalent per day were produced, of which 3.367 million barrels per... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that it has carefully observed the developments of the international oil market and its impact on the Brazilian market. The company reiterates that product price adjustments are made in the normal course of its business, due to the continuous monitoring... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the revision of the Policy for Disclosure of Material Act or Fact and Securities Trading ("Disclosure and Trading Policy"). The revision of the Disclosure and Trading Policy results from the amendment of the Company's Shareholder Remuneration Policy, which... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the improvement of its Shareholder Remuneration Policy (Policy). On 05/11/2023, the BoD determined that the Executive Board should prepare a proposal to improve the Policy, including the possibility of repurchasing shares. The improvement of the Policy became... Continue Reading →
Petrobras achieved a new presalt production from its fields offshore Brazil of 2.06 MMboe/d during second-quarter 2023, representing 78% of the company’s total output. The previous high of 2.05 MMboe/d was registered in the first quarter. However, the company’s production in the Brazilian post-salt was 9.7% lower than for the previous quarter, at 346,000 bbl/d,... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the releases to the market dated January 29, 2020 and May 27, 2021, informs that the District Court of Rotterdam ("Court") issued today an interim decision on the merits in the collective action filed by the St. Petrobras Compensation Foundation ("Foundation") against Petrobras and other defendants in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, informs that an Arbitration Court of the B3 Market Arbitration Chamber issued a partial decision stating that the general civil liability regime applies to the shareholders' indemnity claim. This is a merely partial decision, which addresses a preliminary issue, but does... Continue Reading →
Brazil Energy Insight 