A consortium of Canada's Enbridge (ENB.TO), Belgium's Fluxys (FLUX.BR) and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil's largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week. Petroleo Brasileiro SA (PETR4.SA), as Brazil's state-run oil company is formally known, put its stakes in the 2,593-kilometer... Continue Reading →
Petrobras clarifies about the sale of TBG and TSB
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, concerning the sale of all of its 51% stake in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira de Gás S.A. (TSB), clarifies that this divestment project is in the binding phase, as disclosed to the market on 04/30/2021.... Continue Reading →
Petrobras clarifies about the sale of stake in Petrobras Distribuidora
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, about the sale of its full remaining 37.5% interest in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved this sale by means of a secondary public offering (follow-on). However, the... Continue Reading →
Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on 07/29/2020, informs that, as a result of the Supreme Federal Court (STF) decision published on 05/14/2021, in which it was defined that the amount of VAT tax (ICMS) to be excluded from the PIS and COFINS tax base is the one highlighted... Continue Reading →
Brazil’s oil production rises 4.6% in April vs. March; Petrobras is up 4.4%
(Reuters) Oil production in Brazil up 4.6% in April compared to the previous month, to 2.97 million barrels per day (bpd), in the second consecutive monthly increase, data from the National Agency of Petroleum, Natural Gas and Biofuels pointed out. (ANP), with advances from Petrobras and Shell. In comparison with April 2020, there was an... Continue Reading →
Petrobras on Chief Governance and Compliance Officer
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/24/2021, informs that the new Chief Governance and Compliance Officer, Salvador Dahan, took office today. Mr. Salvador Dahan has a Bachelor of Law from Mackenzie University, with an MBA in Business Security Management from FECAP and a post-graduate degree in Business and Community... Continue Reading →
PETROBRAS ADDS TWO MORE DRILL RIGS FOR EXPLORATORY CAMPAIGNS IN THE CAMPOS AND SANTOS BASINS
(PetroNoticias) Petrobras will intensify its exploratory activity in the coming months. The company confirmed that it will add two more drilling rigs to its fleet: the drill ship Norbe VIII, in the Libra block; and the monocolumn SS-91 (Developer) for projects in the Campos and Santos basins. The two units are expected to start operating... Continue Reading →
3R enters the final negotiation phase for the acquisition of the Papa-Terra field
(Valor) The president of 3R Petroleum, Ricardo Savini, confirmed that the company is in the final stage of negotiations with Petrobras to acquire the Papa-Terra field, in deep waters of the Campos Basin. "We remain cautious, but we are very confident that we are prepared, both 3R and Petrobras, to continue with this contract in... Continue Reading →
Petrobras on record sales of S-10 Diesel
Petróleo Brasileiro S.A. – Petrobras informs that in April it registered total diesel sales of around 824,000 bpd, representing 59% growth in comparison with sales in April 2020. In the comparison with April 2019, without the impacts on demand resulting from the pandemic, there was a growth of 12%. Also in April 2021, Petrobras exceeded... Continue Reading →
Petrobras Financial Performance in 1Q21
Petrobras posted solid financial and operating results in 1Q21. Regarding 1Q21 results, Petrobras’ CEO Joaquim Silva e Luna made the following comments: “The figures show the capacity of our team to deliver sustainable results to our investors and to society, even in a challenging environment. Petrobras will continue down the path of value generation, with... Continue Reading →