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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 →
Sept 22, 2020 Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record 3.168 million barrels of crude daily. The COVID-19 pandemic and March 2020 oil price collapse did little to slow the oil boom... Continue Reading →
September 21, 2020 Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of any and all of its outstanding notes of the series set forth in the table below (the “Notes” and such... Continue Reading →
September 21, 2020 Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, referring to the divestment of the Presidente Getúlio Vargas Refinery (Repar), clarifies that the binding stage of the competitive process counts with the participation of Ultrapar Participações S.A., the consortium led by Raízen S.A. and China Petroleum &... Continue Reading →
September 18, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has launched two programs aimed at preparing its refining and natural gas activities for an open, competitive market and to transition into a low carbon economy. Biorefino 2030 forecasts projects for the generation of new, more modern and sustainable fuel, different than the current... Continue Reading →
Sept 18, 2020 Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday. That number, which represents about a quarter of the company's workforce, is a slight increase from the 10,000... Continue Reading →
September 17, 2020 Petróleo Brasileiro S.A. – Petrobras, informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all its shares in the company Araucária Nitrogenados S.A. (ANSA), in the state of Paraná. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection... Continue Reading →
Sept 17, 2020 An extra time for competitors who wish to participate in Petrobras' mega tender to contract more than 560 km of flexible risers. The Brazilian state-owned company decided to postpone the date for opening envelopes to January 6 of next year. Previously, the deadline was set for October 2. As we reported, the... Continue Reading →
