(PetroleoHoje) Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell's new campaign will include the drilling of two wells, one infill in BC-10 and the... Continue Reading →
Petrobras on expression of interest in the Búzios field
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/29/2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. (CNODC) has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in... Continue Reading →
Petrobras releases teaser of E&P assets in the Gulf of Mexico
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser,... Continue Reading →
Petrobras concludes obligations in agreement with DoJ
Petróleo Brasileiro S.A. – Petrobras announces that it has concluded the obligations set forth in its agreement with the U.S. Department of Justice (“DOJ”), previously disclosed in its 09/27/2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain obligations to... Continue Reading →
Brazil’s Petrobras won’t artificially control fuel prices – CEO
(Reuters) - Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline and diesel prices in line with its international... Continue Reading →
17th Bidding Round takes place on Oct. 7, confirms ANP
The ANP will carry out on October 7th, from 9 am, the 17th Round of Bidding Blocks for exploration and production of oil and natural gas. 92 blocks will be offered, located in 11 sectors with high potential and new frontiers in four Brazilian offshore sedimentary basins: Campos, Pelotas, Potiguar and Santos. Due to the... Continue Reading →
PETROBRAS CHARTERS ANOTHER PLSV FROM SEABRAS SAPURA
(PetroleoHoje) Petrobras chartered the PLSV Sapura Topázio, from Seabras Sapura, for a period of 1,275 days (about three and a half years) on a day rate basis, with a minimum execution period of 1,095 days. The contract is expected to start on June 30, 2022, and is expected to end on June 29, 2025. The... Continue Reading →
Braskem’s first stock offering could reach R$9 billion, sources say
(Reuters) - The first stock offering for the divestment of stakes by shareholders in Braskem should take place in the fourth quarter and could reach 9 billion reais, according to three people with knowledge of the matter. Novonor (formerly Odebrecht), creditor banks and Petrobras are discussing a plan to sell the company in several equity... Continue Reading →
Bolsonaro suggests government proceeds from Petrobras could ease fuel prices
(Reuters) - Brazilian President Jair Bolsonaro said on Thursday that profits from state-run oil firm Petrobras (PETR4.SA) could be used to alleviate rising fuel prices in the country, among possibilities for confronting higher prices. Fuel prices have become a hot-button issue in Brazil as inflation soars. Recent CEOs of Petrobras have been forced out over price hikes.... Continue Reading →
Petrobras clarifies about social program
Petróleo Brasileiro S.A. – Petrobras clarifies that, as disclosed on September 29, 2021, the allocation of R$ 300 million, over a period of 15 months, was approved for the creation of a social program to support families in situations of social vulnerability to contribute with access to essential inputs, with a focus on liquefied petroleum... Continue Reading →
