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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 16, 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters in the Campos Basin. ... Continue Reading →
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday. The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The sale value is US$... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Tuesday, 12/15/2020, dividends referred to the 2019 fiscal year, based on shareholding position as of 07/22/2020, 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 12/31/2019 to 12/15/2020 interest... Continue Reading →
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil. Karoon said on Thursday that the shipment comprised of oil produced by the FPSO Cidade de Itajaí, operated by the Altera&Ocyan joint venture, in the period since the company completed its acquisition... Continue Reading →
(Bloomberg) --Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe. Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/09/2020, informs that it has concluded today the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, to Eagle Exploração de Óleo e Gás Ltda (Eagle). After fulfilling all... Continue Reading →
Norwegian offshore vessel owner DOF Group has won a contract award from the Brazilian oil giant Petrobras. DOF said on Wednesday that Petrobras had awarded a contract to its Skandi Rio vessel. The AHTS18000 Skandi Rio will support Petrobras’ exploration and production activities on the Brazilian continental shelf. The vessel is owned and operated by... Continue Reading →
(Reuters) Brazilian oil company PetroRecôncavo is exploring the possibility of an initial public offering (IPO), three sources said, in a move that illustrates companies' thirst for resources amid a wave of sales of assets in the oil and gas industry in Brazil. The company, based in Salvador, has been working with the support of the... Continue Reading →
The decisions of Petrobras management, led by the current president Roberto Castello Branco, look like aimless ship. The biggest example of this was the cancellation of the tender, announced on Friday night , 25 days before the submission of proposals. The company decided to stop the development of the infrastructure adaptation project of the Monteiro... Continue Reading →
Brazil Energy Insight 