Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 25, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste concessions, located predominantly in deep waters in the Campos Basin. Potential buyers qualified for this phase will receive instructions... Continue Reading →
Petrobras launches efficiency program to reduce costs with a focus on Buzios
(Reuters) - Petrobras has launched an initiative that aims to cut costs by 30% related to drilling wells and will concentrate on future operations in the Búzios field, the largest in the world in deep waters and the state's main asset, in the pre-salt layer Santos Basin. The company said that the so-called Well Efficiency... Continue Reading →
Petrobras releases teaser of E&P assets in Campos Basin
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% of its stakes in the concessions of Marlim, Voador, Marlim Leste and Marlim Sul, together called the Marlim Cluster, located in deep waters in the Campos Basin. Petrobras will remain the operator of the... Continue Reading →
Modec Takes Delivery of Carioca MV30 FPSO
Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro,... Continue Reading →
Petrobras plans to cut exports with an eye on domestic demand
(Bloomberg) Petrobras expects oil exports in December to be between 40% and 50% below the year average. Brazil is expected to halve oil exports in December in light of easing restrictions against the coronavirus with the arrival of summer, which tends to increase fuel consumption in the country. Petrobras (PETR3; PETR4) expects oil exports in... Continue Reading →
UK Fraud Office Secures Assets Linked to Brazilian Bribery Scandal
The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's "Operation Car Wash", the country's biggest bribery investigation that began in 2014. The SFO said it opened a civil recovery investigation into Julio Faerman in 2015 after the former... Continue Reading →
3R Petroleum plans to expand operations throughout Latin America
3R Petroleum intends to expand its operations in the revitalization of mature fields to other countries in Latin America. The information was provided by the company's CEO, Ricardo Savini, during the company's IPO ceremony at B3, which moved R$ 690 million, which will be used in the development of projects and in new acquisitions .... Continue Reading →
Petrobras on agreement with Sete Brasil
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 28, 2020, informs that its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brasil to be implemented. Thus, the effectiveness of the agreement and of the other related contracts will... Continue Reading →
EnP buys stake in fields and blocks in Espírito Santo
Energy Platform (EnP) announced the acquisition of a 50% stake in Petro-Victory Energy in the fields of the Lagoa Parda Cluster, recently divested by Petrobras, and in the exploratory blocks ES-T-354 , 373, 441, 477 and 487, all on the Espírito Santo onshore and concluded in the 14th ANP round. The transaction marks EnP's entry... Continue Reading →
Mitsui evaluates to sell its 49% stake in Gaspetro
Mitsui evaluates to sell its 49% stake in Gaspetro, a holding company with a stake in 19 gas distributors in the country. Gaspetro is controlled by Petrobras, with 51%, a stake that is being sold by the state oil company. Value Information. - As a partner, Mitsui has preemptive rights in the purchase, but would... Continue Reading →
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