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(Oilprice) The global push to substantially reduce carbon and other fossil fuel emissions is expected to sharply impact demand for fossil fuels. It will eventually trigger a phenomenon known as peak oil demand, where crude oil consumption will cease growing, flat line, and then progressively contract causing prices to fall. A raft of analytical agencies and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras regarding the pieces of news published in the press clarifies that as a result of its strategy and commitment to generating value, in 2021, it has already distributed R$ 10.3 billion in dividends, of which R$ 3 billion were assigned to its controlling shareholder. Additionally, from January to June 2021,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has celebrated a new addendum to the Term of Commitment to Cessation (TCC) signed with the Administrative Council for Economic Defense (CADE), with the purpose of extending the deadline for Petrobras to continue with the discussions for the effective conclusion of the negotiation processes and to execute... Continue Reading →
(PetroNoticuas) Petrobras notified the National Petroleum Agency (ANP) this week about signs of natural gas in the ES-M-669 offshore block, in the Espírito Santo Basin. The discovery was made in a water depth of 2,366 meters. Drilling of the 1-BRSA-1379D-ESS well, where the evidence was found, began in April, as reported. Block ES-M-669 was acquired... Continue Reading →
(PetroNoticias) News in the exploratory campaign of the American ExxonMobil in the Campos Basin. The oil company notified the National Petroleum Agency (ANP) this week about signs of oil and gas found in block C-M-789, in a water depth of 2,681 meters. The discovery was made in well 1-EMEB-1A-RJS (also called Opal-1A). The exploratory campaign... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/11/2020, informs that today it signed contracts for the sale of its 20% stakes 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.,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/10/2020 and 12/30/2020, informs that it has signed a contract with the company Compass Gás e Energia S.A. (Compass) for the sale of all its stake (51%) in Petrobras Gás S.A. (Gaspetro). The sale value is R$ 2.03 billion, to be paid at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency S&P Global Ratings (S&P) raised its stand-alone credit profile (intrinsic risk) by one notch, from "bb" to "bb+". The agency affirmed the global scale rating of the company's corporate debt at "BB-", two levels below the stand-alone credit profile, due to Brazil’s sovereign rating cap.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, on this date, it became aware of a favorable decision handed down by the Minister Reporter of the Federal Supreme Court, in appeals filed against the decision of the Superior Labor Court on the review of the methodology for calculating the Minimum Compensation Per Level and Working Regime... Continue Reading →
(PetroNoticias) Petrobras is advancing again in yet another stage in the development of the Búzios field. On the 9th of August, the company will open the envelopes with proposals for the tender for contracting well construction services for the field. The tender will have national coverage and will consist of two excluding lots. The tender... Continue Reading →
Brazil Energy Insight 