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(TN) Petrogal Brasil was the winner of the direct sales process carried out by Pré-Sal Petróleo (PPSA) this August 31st, to market the first oil cargo, of 500 thousand barrels, arising from the oil sharing production contract of Sepia and which will be available for loading in the last quarter of the year. Ten companies... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/28/2022, informs that it is carrying out today the payment of the 1st installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on that date. The gross amount distributed today corresponds to dividends and interest on... Continue Reading →
New Jersey-headquartered Pioneer Consulting has been appointed to assist with the deployment of Petrobras’ Malha Óptica system in Brazil which will comprise a 1,200-kilometer oil and gas fiber network. Under the contract signed with the Zemax-Planova Consortium, Pioneer Consulting will provide support for route engineering, quality and documentation, contractor and supplier management, and survey and... Continue Reading →
As part of the project to revitalize the Marlim and Voador fields, in the Campos Basin, Petrobras intends to reduce carbon emissions associated with the production of the areas by 60%. As a reminder, the revitalization of the Marlim cluster provides for the replacement of nine proprietary platforms by two new FPSOs equipped with technologies... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2022, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved the transaction for the sale of the Isaac Sabbá Refinery (REMAN) to Ream Participações S.A., through the execution of an Agreement in Concentration Control... Continue Reading →
(Reuters) - Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras' (PETR4.SA) REMAN refinery to Ream, which is part of the Atem group, but decided the buyer will have to take measures to guarantee that other fuel distributors have access to the plant's waterway terminal. The approval with restrictions came in a 6-1 CADE board... Continue Reading →
(Valor) The great challenge to develop offshore wind power generation projects is to adjust risk and return, said the director of institutional relations and sustainability at Petrobras, Rafael Chaves, in a presentation to executives during the Offshore Northern Seas (ONS), Europe's largest energy event, in Stavanger, Norway. Chaves said that a multidisciplinary group within Petrobras... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/31/2022, informs that the binding phase concerning the full sale of the Nitrogen Fertilizer Unit III (UFN-III) is underway. Potential buyers qualified for this phase, in accordance with the criteria published in the teaser, received a process letter with detailed instructions on the... Continue Reading →
(Reuters) - Brazil's Petrobras said on Monday it will cut aviation gasoline prices for distributors by 15.7% starting Sept. 1. The move marks the second time in recent weeks that the state-run oil firm has lowered gas prices for the sector, following a 5.7% decrease in early August.
(TN) Oil States Brasil announces the signing of another contract with Petrobras for subsea wellhead systems services. Services include maintenance, support, management, planning and control of equipment, tools, bases and accessories, including the supply of parts. The signed contract is part of Oil States Brasil's strategy to further diversify its portfolio, representing an increase in... Continue Reading →
Brazil Energy Insight 