Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. - Petrobras informs that today the plenary composition of the Supreme Federal Court (STF), by majority vote, denied the preliminary injunction request formulated by the Federal Senate and Congress comitees regarding the Complaint 42576 to suspend the processes of divestment in refining and their respective logistic assets. Therefore, the company will continue... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the adhesion to the ICMS debt and interest penalty reduction programs (Amnesties), according to the CONFAZ regulations ICMS 146/2019 and 51/2020, instituted by the states Espírito Santo and Rio de Janeiro, respectively. The total amount of contingencies to... Continue Reading →
The Supreme Federal Court (STF) has decided that Petrobras can proceed with the sale of half of its refining park. The voting score ended 6 to 4 in favor of the oil company. As is well known, the judgment on the theme in the Court originated after the Senate and Chamber of Deputies questioned the... Continue Reading →
Tender for the chartering of rigs for 2,400 m of water depth is extremely competitive, like the pool process in 2019. The dispute for the Petrobras contract for the chartering of up to two rigs, with a capacity to operate in a water depth of 2,400 m, should be between COSL Drilling, Diamond and Petroserv... Continue Reading →
Petrobras' asset portfolio reorganization program, which foresees the sale of eight refineries, is vital to the health of the company that remains the "most indebted oil company in the world", said the lawyer for the state-owned company, Tales David. Macedo, in support of the Federal Supreme Court (STF). The judgment, in an action against sales... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on August 3, 2020, informs the beginning of the binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO). Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/11/2019, informs that it has concluded today the sale of its entire stake in the onshore fields of the Lagoa Parda Cluster, located in the state of Espírito Santo, near the city of Linhares, to Imetame Energia Lagoa Parda Ltda., affiliate of Imetame... Continue Reading →
PetroRio received endorsement from the ANP to act as a natural gas trader, with the exception of LNG and CNG in bulk, and seller of the energy source, according to the agency's authorization and dispatch. PetroRio owns 10% of the Manati gas field, in Bahia, operated by Petrobras. Portion corresponds to a reserve of 3... Continue Reading →
The new development plans (DP’s) for 14 shallow water fields, recently approved by the ANP, indicate that the areas, previously in process of decline, will receive an injection of investments that exceed R $ 10 billion. This amount refers only to activities considered firm (mandatory) in the plans submitted to the ANP. This value can... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated September 29, 2020, and further to the notice disclosed on August 3, 2020 about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the São Sebastião do Passé-BA, and São... Continue Reading →
Brazil Energy Insight 