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 →
Top corruption buster at Brazil’s Petrobras plans to step down, sources say
(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 oil production breaks record in 2020
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 →
Petrobras expects to conclude Buzios negotiations with Chinese partners in 2021, says CEO
(Reuters) Petrobras expects to conclude negotiations with Chinese partners this year for the development of excess volumes from the Búzios field, in the Santos Basin pre-salt, and could buy part of the partners if "by chance" they want to sell, he said on Thursday. the president Roberto Castello Branco. The block with excess volumes of... Continue Reading →
Petrobras identifies hydrocarbons in the pre-salt
Petróleo Brasileiro S.A. – Petrobras informs that has identified the presence of hydrocarbon in the wildcat well of block C-M-411, located in the pre-salt of the Campos Basin, in Rio de Janeiro state. The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast, in water depth of 2,950 meters, being... Continue Reading →
KAROON SIGNED LETTER OF INTENT WITH TECHNIPFMC FOR PURCHASE OF PATOLA FIELD EQUIPMENT
The Australian oil company Karoon Energy announced the plans for the acquisition of necessary equipment for the Patola field, in the Santos basin. The agreement was signed with TechnipFMC and provides for long-term items that will be used in the development of the asset. The information was disclosed in the company's financial and operating balance... Continue Reading →
PETROBRAS WILL INCREASE EXPLORATORY ACTIVITY 50% BY 2025
The president of Petrobras, Roberto Castello Branco, said this Thursday that the state company should increase its exploratory activity over the next few years. According to the executive, the company will drill up to 58 wells by 2025. The number represents an increase of 50% in comparison with the five-year period from 2016 to 2020,... Continue Reading →
Exclusive: Samsung, Hyundai, Daewoo prepare for Petrobras oil platform tender
(Reuters) - Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private. Samsung Heavy Industries Co, Hyundai Heavy Industries Holding Co Ltd and Daewoo Heavy... Continue Reading →
Petrobras on approval of Petros Plan 3
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on January 18, 2021, informs that the Secretariat for Coordination and Governance of State-Owned Companies (SEST) and the National Private Pension Superintendence (PREVIC) approved the Petros Plan 3 (PP-3). PP-3 will be a private pension option exclusively aimed to voluntary and timely migration of... Continue Reading →
Petrobras on agreement with Sete Brasil
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on November 12, 2020, informs that it has received a notification from the Sete Brasil in which: (a) it indicates that will not comply with certain conditions set forth in the agreement that should be fully met by January 31, 2021; and (b) requests... Continue Reading →