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 →
Petrobras on partial overturn of arbitral award
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and improprieties, the partial sentence... Continue Reading →
Petrobras on record for S-10 Diesel and Asphalt
Petróleo Brasileiro S.A. – Petrobras informs that it has broken the S-10 Diesel sales record for the second consecutive month. In October, the company sold 2.01 million cubic meters, 4.8% above the previous record, in September of this year, when sales reached 1.91 million cubic meters. Also in October, the company recorded total Diesel sales... Continue Reading →
Petrobras Taps Seabed Geosolutions for 4D OBN Survey in Brazil
Ocean bottom seismic company Seabed Geosolutions said Monday it had secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil for Petrobras, both covering the Sapinhoa Shared Reservoir in the Santos Basin. The baseline survey will use Eidesvik Offshore's Subsea Viking vessel,... Continue Reading →
Brazil’s Petrobras hunts for buyers in India as oil exports take off
(Reuters) - As Brazil's state-controlled Petrobras PETR4.SA rapidly boosts oil output and exports, executives are looking to a new market: India. In an interview as part of the Reuters Commodity Trading Summit, Chief Executive Roberto Castello Branco said that crude sales to China - an increasingly vital export market for Brazilian oil - would continue to rise... Continue Reading →
Essar, Raízen and Ultra evaluate proposals for Petrobras refinery
(Reuters) - Petrobras is expected to receive binding proposals on December 10 for its refinery in Rio Grande do Sul, Refap, from the Indian conglomerate Essar Group and local companies Raízen and Ultrapar Participações among potential stakeholders , said people involved in the negotiations. All three companies were pre-qualified for the binding phase of the... Continue Reading →
Petrobras Extends Contract for Prosafe Flotel
Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020, but the extension will result in operations through to mid-November 2021, Oslo-listed... Continue Reading →
Petrobras concludes the sale of Baúna field
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020 and 07/28/2020, informs that it has concluded today the sale of its entire stake in the Baúna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd.... Continue Reading →
