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Sept 10, 2020 Petrobras has been announcing to the market the sale of several oil and natural gas exploration and production assets, especially fields located on land or in shallow waters. The Ministry of Mines and Energy (MME) clarifies that the decision rests exclusively with the Company and is part of its strategy of portfolio... Continue Reading →
September 11, 2020 - Petróleo Brasileiro S.A. - Petrobras informs that yesterday, the 74th phase of Lava Jato operation (Car Wash) was launched, in which the Federal Prosecutors and the Federal Police are investigating possible wrongdoing in connection with exchange contracts signed with Banco Paulista, as well as alleged improper payments to three Company employees,... Continue Reading →
Sept 10, 2020 A Petrobras manager was among the subjects of search warrants issued to police on Thursday, part of a years-long investigation into alleged corruption at the Brazilian state-controlled oil firm, according to court documents seen by Reuters. Brazil’s federal police served 25 search warrants as part of the sweeping “Car Wash” probe, one... Continue Reading →
Sept 10, 2020 The board of the National Petroleum Agency (ANP) gave the go-ahead this afternoon (10) for Petrobras to sell its 30% stake in the Frade field to PetroRio. The transaction raised US $ 100 million and was announced at the end of last year. PetroRio awaited the approval of the deal by the... Continue Reading →
Sept 10, 2020 Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by state-controlled oil company Petroleo Brasileiro SA between 2008 and 2011, according to a statement from federal prosecutors on Thursday. The raids are part of the 74th phase of Brazil’s so-called Car Wash probe, the... Continue Reading →
September 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, for the third month in a row, it has broken the production record of S-10 Diesel, low-sulfur diesel. In August, the company's refineries processed 1.84 million m³ of the product, a volume slightly higher than in July, when it reached 1.81 million m³, and 15%... Continue Reading →
September 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has again become a signatory to the anti-corruption initiative Partnering Against Corruption Initiative (PACI) of the World Economic Forum. PACI is the leading international anti-corruption organization with compliance officers from large multinationals, international organizations and governments. The initiative acts as a global platform for... Continue Reading →
Sept 9, 2020 Eagle Paulínia, the second of the four new vessels that are being added to Petrobras' relief fleet in 2020, carried out the first relief operations in Búzios, in the Santos Basin, and concluded its first operational cycle. In the last week of August, the vessel carried out two offloadings - oil transfer... Continue Reading →
September 8, 2020 Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified today by Capital Research Global Investors (CRGI), independent investment division of Capital Research and Management Company, that it has acquired preferred shares issued by the company and it manages... Continue Reading →
September 8, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated August 10, 2020, informs the beginning of the binding phase regarding the sale of 50% to 100% of its stake, with the passing of the operation, in the BM-S-51 concession, in the Santos Basin. The concession is located at water depths... Continue Reading →
Brazil Energy Insight 