The ANP published today the names of two more companies qualified for the Second Round of Bidding for Excess Volumes of the Transfer of Rights: Petrobras and Shell Brasil Petróleo SA. Both were approved at a meeting of the Special Tender Commission (CEL). There are ten companies eligible for bidding: Chevron Brasil Óleo e Gás... Continue Reading →
Petrobras on Relevant Shareholding Position
Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Resolution no. 44 of 08/23/21, informs that it was notified by Capital Research Global Investors (CRGI), an independent investment division of Capital Research and Management Company, that it sold preferred shares issued by the Company, and that on 11/05/21, it began to manage... Continue Reading →
Brazil’s Bolsonaro says Petrobras pricing policy “unfortunately” independent
(Reuters) - Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the firm. "We know about inflation, the rise in fuel prices. We know about Petrobras. The company is independent unfortunately, independent. And we're looking for a way... Continue Reading →
Brazil’s PetroRio in talks for Petrobas offshore fields; shares soar
(Reuters) - Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA (PRIO3.SA)for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday. The value of PetroRio's bids was not immediately clear, but Petrobras said in September that "the offers may exceed $4 billion... Continue Reading →
Petrobras concludes the sale of power companies
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/29/2021, informs that today it concluded the sale of its stakes of 20% in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A., respectively.... Continue Reading →
Petrobras on divestment of Albacora and Albacora Leste
Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 10/07/2021, about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that its Executive Board concluded the analysis of the proposals received and, yesterday, it approved the start of the negotiation phase with the consortia led by... Continue Reading →
PETRO RIO ON THE ALBACORA DIVESTMENT PROCESS
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, informs the market and its shareholders that the consortiums in which it participates have been chosen to begin exclusive negotiations of the final terms of the Sales and Purchase Agreements and other transaction documents in the divestment... Continue Reading →
In the first month of the Co-Participation Agreement, Búzios produces 709.7 Mboe/d
The pre salt Buzios field produced 709,697 Mboe/d (one thousand barrels of oil equivalent per day) in September, with 566,196 Mbbl/d of oil and 22,815 MMm3 of natural gas. As of this month, the field's production began to be assigned to two separate contracts, one for transfer of rights and the other for sharing, arising... Continue Reading →
Petrobras on communication from controlling shareholder
Petróleo Brasileiro S.A. – Petrobras clarifies that, due to news released in the media recently, consulted its controlling shareholder on the existence of information to be disclosed to the market in accordance with the CVM Resolution 44/2021. In communication received on 11/03/2021, the Ministry of Mines and Energy (MME) responded to the consultation stating that... Continue Reading →
Petrobras Extends Safe Notos Flotel Charter
Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, had previously been extended through to mid-November... Continue Reading →
Brazil Energy Insight 