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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/25/2020, 07/27/2020 and 03/20/2020, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated in US dollars, in the amount of US$ 2.0 billion. With this prepayment, the company currently has US$ 7.6 billion available... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 24, 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related contracts will depend on... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the accumulated production of the Tupi field, located in the pre-salt of the Santos Basin, approximately 230 km from the coast of the state of Rio de Janeiro, reached 2 billion barrels of oil equivalent (boe) on July, 2020, according to the Brazilian National Agency of Petroleum, Natural... Continue Reading →
French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin. To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks 120 kilometers offshore Brazil. The decision came almost two years after... Continue Reading →
Halliburton must conclude the integrated well construction contract for the development of Mero 2, a production sharing project, located in the Santos cluster. Halliburton presented the best price in the Petrobras bid, having started the process of direct negotiation of the conditions of the proposal with the bidding commission. Source: PetroleoHoje
Petróleo Brasileiro S.A. – Petrobras informs that it signed, on this date, contracts with White Martins Gases Industriais Ltda. (White Martins) including: (a) sale of Petrobras' 40% stake in the company GNL Gemini Comercialização e Logística de Gás Ltda (Gás Local); b) agreement to close pending corporate disputes, arbitration and issues under judicial discussion regarding... Continue Reading →
September 25, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in the Albacora and Albacora Leste concessions, located in the deep waters of the Campos Basin.. The teaser, which includes key information about the opportunity, as well... Continue Reading →
In the latest edition of the Brazil Oil and Gas Circuit, an event organized by ONIP in partnership with ABPIP and supported by Firjan, the Rio 2020 Petroleum Yearbook was the central theme and brought an insight into the activities in exploration and production in Rio de Janeiro waters, with guests from three operators. The... Continue Reading →
Offshore marine services provider PACC Offshore Services Holdings (POSH) has secured long-term charters for two of its offshore semi-submersible accommodation units – POSH Arcadia and POSH Xanadu – with Petrobras. The two flotels will provide maintenance and accommodation support for multiple Petrobras platforms and floating production storage and offloading (FPSO) vessels in Brazil waters for... Continue Reading →
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation. "Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part... Continue Reading →
Brazil Energy Insight 