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Petróleo Brasileiro S.A. - Petrobras informs that CEO Caio Mário Paes de Andrade has accepted the invitation from future Governor Tarcísio de Freitas to be a member of the next São Paulo state government staff. In the coming weeks, CEO Caio will continue in his current role and will not participate in the transition in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/27/2022, informs that it has started today the binding phase concerning the sale of all its equity interest, corresponding to 34.54% of the total capital, in the company METANOR S/A - Metanol do Nordeste (Metanor), headquartered in Camaçari, in the state of Bahia.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (Company), continuing the notices released on October 31, 2022, and November 16, 2022, hereby informs that the public offering of real estate receivables certificates (CRI), in three (3) series, comprising the first (1st), second (2nd) and third (3rd) series of the (sixty-seventh) (67th) issuance of Opea Securitizadora S.A., backed by... Continue Reading →
(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva sees no need for any emergency move at state-run oil company Petrobras (PETR4.SA), sources said on Monday, after a meeting between Lula's team and the firm's top management. The state-run oil company briefed Lula's transition team on fuel pricing policy, according to the... Continue Reading →
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
The director of production development at Petrobras, João Henrique Rittershaussen, declared that the tender for contracting the P-81, foreseen for the Sergipe Aguas Profundas project (SEAP 1), will be launched in the coming months. This time, the bidding will gain a new format compared to the previous process and will be carried out under the... Continue Reading →
Total production for October was 4.180 million barrels of oil equivalent per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d ). In oil, there was an increase of 3.1% compared to the previous month and 16.8% compared to October 2021.... Continue Reading →
As deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, Wood Mackenzie, an energy intelligence group, has outlined in its global upstream report the drivers of deepwater’s rapid growth, along with the challenges and opportunities the sector offers and faces. Wood Mackenzie disclosed last week that... Continue Reading →
(OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →
(epbr) Independent operators that bought upstream assets in the Petrobras divestment process will invest US$ 10 billion in the projects until 2027, increasing the production of these assets, which should reach a peak of 485 thousand barrels per day in five years. A report released by Wood Mackenzie studied the production projects of the companies... Continue Reading →
Brazil Energy Insight 