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Petróleo Brasileiro S.A. – Petrobras informs, following up the release disclosed on 12/04/2020 regarding the divestment process of the Urucu Cluster, that its Executive Board approved today a new round of binding offers. Participants in the competitive process will receive a letter of invitation with detailed instructions for the sending of binding proposals. This is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, based on an evaluation of its portfolio of opportunities and projects, it has decided to interrupt the development of the infrastructure adequacy project of the Monteiro Lobato Gas Treatment Unit (UTGCA), located in Caraguatatuba-SP. The decision was made due to the project's loss of economic attractiveness, evaluated in... Continue Reading →
Petrobras President Roberto Castello Branco defended changes in the rules for oil exploration and production in Brazil, which he classifies as unattractive to business. For him, the sharing regime must be extinguished. Castello Branco participated in an online chat at Rio Oil & Gas, the largest event in the oil and gas sector in Latin... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, regarding the divestment of the Urucu Cluster, clarifies that it has received binding proposals from 3R Petroleum Óleo e Gás S.A. (3R) and Eneva S.A. (Eneva). The proposals are being evaluated by the company, which will subsidize its decision about the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on July 9, 2020, informs that it has concluded the negotiation phase with the Mubadala Group as part of the process for divesting the Landulpho Alves Refinery (RLAM), in Bahia. As provided by Petrobras' Divestment Methodology, the process is currently undergoing a new round... Continue Reading →
(Reuters) - Brazil’s Petrobras could expand its operations into neighboring Guyana, if the regulatory environment does not improve in Brazil, CEO Roberto Castello Branco said on Thursday, the first official admission of interest in the hot frontier oil play. Petroleo Brasileiro SA, as the company is formally known, has exploration interests off Brazil’s northern coast.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on October 1, 2020, informs that it has received binding proposals for four refineries: Landulpho Alves (RLAM), in Bahia, Isaac Sabbá (REMAN), in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), in Ceará, and Unidade de Industrialização do Xisto (SIX), in Paraná. Additionally,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will be part of B3 Corporate Sustainability Index (ISE) again. The company will integrate the main Brazilian index under the aspect of corporate sustainability in 2021, which did not occur since 2008. "The return to ISE is a recognition of our efforts and initiatives in the environmental, social... Continue Reading →
Petróleo Brasileiro SA - Petrobras informs that it received, on this date, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato. This decision promoted the definitive exclusion of seventeen investors... Continue Reading →
(Reuters) - Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the... Continue Reading →
Brazil Energy Insight 