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The FPSO Carioca will arrive in Brazil this week, according to Petrobras. The unit will be docked at the BRASFels shipyard in Angra dos Reis. There, the platform ship will go through the latest integration and commissioning activities before leaving for its final destination, the Sepia field, in the Santos Basin. The unit was built... Continue Reading →
(Reuters) - Brazil’s state-controlled oil producer Petroleo Brasileiro SA is considering selling its remaining stake in gas station chain BR Distribuidora if its stock recovers to 26 reais a share, three people with knowledge of the information said. For the first time since the COVID-19 pandemic stalled the sale process, Petrobras has agreed on a... Continue Reading →
Petrobras had its best operating performance in 2020, overcoming considerable challenges arising from the pandemic, contraction in global demand for fuels and low prices. We reached annual production records of 2.28 million barrels per day (MMbpb) of oil and NGL and 2.84 million barrels of oil equivalent per day (MMboed) of total production. Previous production... Continue Reading →
Petrobras opened today the envelopes with the proposals to build their own P-78 and P-79 FPSOs. The Keppel / Hyundai consortium presented the lowest price in Petrobras' bid for the construction of the P-78, the oil company's own FPSO that will be used in the Búzios project. Three Korean shipyards submitted proposals and participated in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 7, 2020, informs that it has received binding proposals for the sale of its entire stake in a set of seven onshore production concessions, called Urucu Cluster, located in the Solimões Basin, in the state of Amazonas, and it has begun the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 1, 2020, informs that the bidding process started on August 3, 2020 was ended, with no valid proposals, and that the company published, on today's date, Bid Notice 002, aiming to determine a new deadline for the accreditation of companies that manifest interest... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Chief Governance and Compliance Officer, Marcelo Zenkner, has notified his intention to not renew his mandate, which will expire on March 20, 2021, for personal reasons: “I consider the mission of disseminating and generating engagement of the integrity culture at Petrobras duly fulfilled. Many achievements have been... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 5, 2019, informs that it has signed with the companies OP Energia Ltda. and DBO Energia S.A. a contract for the sale of the totality of its participations in the production fields of Peroá and Cangoá, and in the concession BM-ES-21 (Malombe... Continue Reading →
(Reuters) - The chief compliance officer at Brazil’s state-run oil company Petrobras has communicated plans to step down in March, four people familiar with the matter told Reuters, in what would be the third swap of the company’s top corruption buster in three years. Petroleo Brasileiro SA, as the company is formally known, has already... Continue Reading →
Brazil produced, on average, 2.938 million barrels / day last year, up 5.5% compared to 2019, according to ANP Brazilian oil production broke a record in 2020. In a year marked by an unprecedented contraction in global demand, the country produced, on average, 2.938 million barrels a day last year, representing an increase of 5.5%... Continue Reading →
Brazil Energy Insight 