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(Reuters) Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people. In a securities filing, Petroleo Brasileiro, as the company is formally known, posted a quarterly net income of 44.56... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.715490 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Rio de Janeiro, May 05, 2022 - Once again we delivered solid quarterly results. “These financial results are due to the fact that today we have a healthy Petrobras, which has reduced its debt burden, invests responsibly and operates efficiently. Therefore, it is possible to generate this compelling return to our shareholders, especially the Brazilian... Continue Reading →
(TN) Petrobras informs that the fourth producing well connected to the FPSO Carioca has come into operation, in the Sépia field, in the pre-salt layer of the Santos Basin. The opening of the last producing well added 41 thousand barrels of oil per day (bpd) to the unit - which already produced 134 thousand bpd.... Continue Reading →
(Reuters) - Brazil's direct sales of crude will more than double this year and rise sharply this decade, as oil majors deliver more of their output to the government under production sharing agreements, according to a state official. Government-owned volumes, until now nearly irrelevant, are ramping up and will reach 1.127 million barrels per day... Continue Reading →
In March, Brazil produced 2.981 MMbbl/d (millions of barrels per day) of oil, an increase of 2.2% compared to the previous month and 4.8% compared to March 2021. A further 134 MMm3/d (millions of cubic meters daily) of natural gas, an increase of 0.9% compared to February and 6.6% compared to the same month of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, informs that it has concluded the new round of the sale process binding phase of the onshore production fields located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster. The consortium formed by PetroRecôncavo S.A. (60%)... Continue Reading →
(Reuters) - Brazil's President Jair Bolsonaro has understood that Petrobras (PETR4.SA) must pass on global oil price rises to the local fuel market, the state-run company's chief executive was quoted as saying in an interview with newspaper O Estado de S. Paulo. This is a topic that ultimately helped bring down CEO Jose Mauro Coelho's two predecessors,... Continue Reading →
Petrobras will invest US$ 16 billion in the Campos Basin renovation plan, with plans to install three new platforms and connect more than 100 wells in the area over the next five years. With more than 40 years of history and two awards received by the Offshore Technology Conferece (OTC) for technological advances in the... Continue Reading →
Offshore accommodation specialist Prosafe has won a four-year contract with the Brazilian oil company Petrobras for the provision of the Safe Notos semi-submersible accommodation rig. Petrobras will use the accommodation unit for safety and maintenance support offshore Brazil. The contract is expected to start in Q3/Q4 2022 after the expiry of its current with Petrobras.... Continue Reading →
Brazil Energy Insight 