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July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that in early July, it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, in the Golfinho field, in the Espírito Santo Basin, 100 km from Vitória. This was the first post-salt well built with the application of the True... Continue Reading →
July 13, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its refinery in Duque de Caxias (Reduc), located in Rio de Janeiro, reached the mark of 16,773 tons of asphalt sold in June 2020, an increase of 42.5% compared to May and 120.8% compared to the same month of the previous year. This is the... Continue Reading →
Jul 13, 2020 The Union's share of oil in the three contracts that are under production sharing regime totaled 1.5 million barrels from January to May this year, an increase of 50% compared to the same period in 2019. The data is from the Monthly Bulletin of Production Sharing Contracts produced by Pre-Sal Petróleo (PPSA),... Continue Reading →
Jul 13, 2020 Petrobras confirmed that it extended the deadline for the submission of proposals to the Bidding Commission for contracting the FPSO for Itapu. Another 42 days were given, with the date now set for August 31. During this period, adjustments will be made to the project and even a possible definition of whether... Continue Reading →
July 13, 2020 The new coronavirus pandemic accelerated Petrobras' strategy of concentrating efforts on the pre-salt layer. The state-owned company, which had already been selling subsidiaries, announced plans in the last three months to reduce by 34% the number of employees (from 45,500 to 30,000), to close nine commercial buildings and leave half of the... Continue Reading →
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into the facility’s infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety... Continue Reading →
July 11, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has decided, preventively, to interrupt supplying a specific imported batch of aviation gasoline after tests carried out at its research center (Cenpes). The company identified that this batch had a different aromatic content compounds than the batches imported until then, although in accordance with... Continue Reading →
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/03/2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) signed today an agreement for the sale of its 8.40% stake in the company Bambuí Bioenergia S.A. (Bambuí) to Turdus Participações S.A., which holds the other 91.60% stake in the... Continue Reading →
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
July 9, 2020 After giving up on appealing a lawsuit, Petrobras has already started talks with the National Petroleum, Gas and Biofuels Agency (ANP) to change the name of the Lula field, the largest oil producing field in the country named after former President Luiz Inácio Lula da Silva. The name change was requested in... Continue Reading →
Brazil Energy Insight 