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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 →
For the first time, Operation Lava Jato investigates the Exploration and Production sector at Petrobras. The Federal Police carried out 25 search and seizure warrants in the 75th phase of the operation, named Boeman - a reference to the mythical creature from Holland popularly known as the bogeyman. Twenty warrants are being fulfilled in Rio... Continue Reading →
September 23, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin. Well 1-BRSA-1376D-RJS (Naru) is located approximately 308 km from the city of Rio de Janeiro, in water depth of 2,892 meters, being... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, reiterates that it has not yet been defined the moment to launch the secondary public offer (follow on) aimed at the sale of the entirety of its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR Distribuidora). The... Continue Reading →
Sept 22, 2020 Petrobras has postponed the delivery date of the bidding proposals for the acquisition of up to 53 sets of wet Christmas trees (ANMs) for the pre-salt layer and 17 electro hydraulic distribution units (UDEHs). The new scheduled date is November 30th. Divided into two different lots, Petrobras will acquire in Lot 1... Continue Reading →
Sept 22, 2020 Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said. Rystad on Tuesday somewhat upgraded its expectations for 2020 too, and now expects... Continue Reading →
Brazil Energy Insight 