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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 →
(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 →
(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 →
(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 →
(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 →
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 →
(TNPetroleo) Government representatives, MME's Secretary of Petroleum and Natural Gas, José Mauro Ferreira Coelho, and the director general of ANP, Rodolfo Saboia, defend the program for the sale of the Petrobras refineries. "We think that divestment in refining is fundamental to create the new market," said Coelho. The secretary argues that, without new investments in... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Thrusday, 04/29/2021, dividends referred to the 2020 fiscal year, based on shareholding position as of 04/14/2021, in connection to the Material Fact released on that date. The amount of dividends to be paid will be adjusted by Selic interest rate from 12/31/2020 to 04/29/2021 interest... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it will release its 1Q21 production and sales Report tomorrow, April 27, 2021 and its 1Q21 financial performance Report on May 13, 2021, both after the markets close. On May 14, 2021 two webcasts will be held, the first in Portuguese and the second in English, to present... Continue Reading →
Oil production in Brazil fell 6% in the first quarter from a year earlier, according to National Petroleum Agency (ANP) figures seen by Reuters on Monday, led by a drop in output from state-run oil giant Petrobras. Brazil produced an average of about 2.8 million barrels per day in the first three months of the... Continue Reading →
Brazil Energy Insight 