Brought to you by Quest Offshore & Southern Cone Consultants
Japan’s floating solutions provider MODEC has received a notification from Brazil’s Petrobras that its eligibility to participate in new competitive bidding by Petrobras has been suspended for 13 months from 31 March 2021. MODEC said on Thursday that the main basis for this administrative sanction is losses to Petrobras presumably caused by the performance of... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that in March it recorded total diesel sales in the amount of 791 thousand bpd, representing growths of 35% and 17% when compared to sales in the same month of 2020 and 2019, respectively. Also in March 2021, Petrobras surpassed the sales record for S-10 Diesel, with low sulfur... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that it published today its 2020 Sustainability Report. In addition to presenting its operating, economic, social, environmental and governance performance, the report shows Petrobras’ advances in environmental and social indicators and the support in the fight against the effects of the Covid-19 pandemic on Brazilian society, thus expanding the... Continue Reading →
The company estimates to disburse resources in exploration, development and production in the order of U$ 40 million in 2021 and U$ 105 million for 2022. The projection has a variation margin of 20% negative or positive. Of the total set aside for this year, US$ 19 million will go to the Atlanta field, including... Continue Reading →
(Reuters) - Brazil’s Petrobras has fired a high-ranking manager after determining he had traded company shares in the days leading up to the firm releasing its financial results, the company said on Monday. Earlier on Monday, four sources familiar with the matter told Reuters that Claudio Costa, Petrobras’ executive manager for human resources, sold shares... Continue Reading →
(Reuters) - Brazilian energy firm Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has chosen four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion reais ($2.25 billion), four people familiar with the matter said on Monday. Raizen... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, elected Mr. Salvador Dahan to the position of Chief Governance and Compliance Officer, as of May 1, 2021. Mr. Salvador Dahan has a Bachelor of Law from Mackenzie University, with an MBA in Business Security Management from FECAP and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed today, informs that it has signed a contract with MC Brazil Downstream Participações, a company of the Mubadala Capital group, for the sale of the company's shares that will hold the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in the state of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/01/2021, informs that it received last week the second, and last, installment, in the amount of US$ 59.4 million, of the leniency agreement entered into by Samsung Heavy Industries. With these values, Petrobras surpasses R$ 5.7 billion in funds recovered through collaboration, leniency... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that Andrea Almeida, Chief Financial and Investor Relations Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer, André Chiarini, Chief Trading and Logistics Officer, and Rudimar Chief Production Development Officer, informed today to the Board of Directors that they do not intend to renew their respective terms.... Continue Reading →
Brazil Energy Insight 