Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on March 28, 2019, informs that it has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25 billion, for two more years. Thus, 63% of the total amount of the credit line, that is, US$ 2.05... Continue Reading →
Petrobras on Shareholders Meeting
Petróleo Brasileiro S.A. – Petrobras informs that it has received from shareholders holding more than 1% of the company's capital stock, a request to call an Extraordinary General Meeting (EGM) to reconstitute the Board of Directors, in view of the resignation of Mr. Marcelo Gasparino da Silva announced on 04/16/2021, as communicated to the market... Continue Reading →
Petrobras on adhesion to the PEP- ICMS (VAT tax) program
Petróleo Brasileiro S.A. – Petrobras informs that it has decided to close ICMS (VAT tax) contingencies with the State of Rio de Janeiro, in the total estimated amount of R$ 1.530 billion, through the disbursement of R$ 544 million, with an avoided cost of 64%. The decision is based on the special installment payment program... Continue Reading →
Petrobras expresses interest in the surplus of Atapu and Sépia
Petróleo Brasileiro S.A. – Petrobras informs that today it expressed to the National Energy Policy Council (CNPE) its interest in the preferential rights in the Second Bidding Round of the Transfer of Rights’ Surplus Volumes under the Production Sharing regime, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017. The company's Executive Board approved the expression... Continue Reading →
Petrobras on approval of the sale of a 10% stake in NTS
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on July 3, 2020, informs that the company's Board of Directors, at a meeting held today, approved the sale of its remaining 10% stake in Nova Transportadora do Sudeste S.A. (NTS) to Nova Infraestrutura Gasodutos Participações S.A., a company formed by Nova Infraestrutura Fundo... Continue Reading →
Brazil’s antitrust body CADE postpones deadlines for Petrobras downstream asset sales
(Reuters) Brazil's antitrust authority CADE said Wednesday it had postponed deadlines for divestitures by state-controlled oil company Petroleo Brasileiro SA, including its refineries, natural gas pipelines and its stakes in natural gas distribution companies. Refineries Isaac Sabba, REFAP and Lubnor may be sold by July 31st. The sale of RNEST, SIX and REGAP needs to... Continue Reading →
Bidding for Trading Agent for the oil destined to the Union from the Tupi field ends without proposals
(TNPetroleo) The international bidding process promoted by Pré-Sal Petróleo (PPSA) on Wednesday, 28, to hire a trading agent for oil destined for the Union from the Tupi Individualized Area was declared closed, without the receipt of bids. The companies Equinor, Petrobras and Total, which asked to register to participate, did not send the documentation. The... Continue Reading →
PETROBRAS TO CONCLUDE FPSO BIDDING AND WELL COMPLETION OF PARQUE DAS BALEIAS IN MAY
(PetroNoticias) Petrobras is gradually resuming its project at Parque das Baleias, in the Espírito Santo portion of the Campos Basin. The next month promises to be decisive for the project, which last year was postponed for a year due to the consequences of the Covid-19 pandemic. At the end of May, Petrobras plans to open... Continue Reading →
3R sees no risk of discontinuity of Petrobras divestments
(MegaWhat) One of the main participants in the divestment program of Petrobras, in number of closed deals, the Brazilian 3R Petroleum sees no risk of discontinuity of the plan for the sale of assets of the state company of onshore fields, with the new management. For the company, which won six bids and still participates... Continue Reading →
Petrobras Highlights on Production and Sales in 1Q21
In 1Q21, we kept a solid operating performance, even with the worsening of the COVID-19 pandemic in Brazil. The average production of oil, NGL and natural gas in 1Q21 was 2.77 MMboed, 3.1% higher than 4Q20, as P-70, installed in the Atapu field, continued to ramp-up, and due to lower losses with maintenance stoppages on... Continue Reading →
Brazil Energy Insight 