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August 4, 2020 Twelve companies, some from the same business group, were prequalified to dispute the lease of the Petrobras LNG terminal in Bahia, according to the call for prequalified agents, published by the company. Proposals are scheduled to be open on September 30. Petrobras will lease the terminal until December 2023, with no provision... Continue Reading →
Aug 4, 2020 (Reuters) - Brazilian oil exports more than doubled in July to 8.19 million tonnes, compared to 3.76 million tonnes shipped a year earlier, according to data from the federal government released on Monday, following the exchange rate and firm demand from China. The volume was the second highest in 2020, behind only... Continue Reading →
CIMC Raffles-managed offshore accommodation rig OOS Tiradentes will soon resume work for Petrobras in Brazil, after a hiatus due to COVID-19 pandemic. CIMC Raffles asset operation management center which manages the semi-sub accommodation rig, has received the notice from Petrobras to resume operation. Continue reading
August 3, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on July 3, 2020, informs the beginning of the non-binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO). Qualified parties for this phase will receive a process letter with detailed information about the aforementioned company, as... Continue Reading →
July 31, 2020 Petrobras plans to reach 2030 with at least 12 platform vessels in the Buzios field, its crown jewel in the Campos Basin pre-salt. Currently, the area has four units under production, one under construction, three under contract and another four under study. With these new units, the goal of the state-owned company... Continue Reading →
July 31, 2020 The downstream segment in Brazil is experiencing a unique moment in its history. The oil refining activity is going through a period of transition to a framework with a greater plurality of agents, more open and dynamic, with numerous planning and regulatory challenges. The Brazilian refining park has a daily oil processing... Continue Reading →
August 03, 2020 Petróleo Brasileiro S.A. – Petrobras, in accordance with the commitments made through the Agreement signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, and following up on the release dated December 9, 2019, informs that it published today the Bidding Process Call for the leasing of the LNG... Continue Reading →
Jul 30, 2020 The ANP's Monthly Bulletin on Oil and Natural Gas Production presents detailed data for June 2020. National production was 3.821 MMboe / d (million barrels of oil equivalent per day), with 3.013 MMbbl / d ( million barrels per day) of oil and 128 MMm3 / d (million m3 per day) of... Continue Reading →
Jul 30, 2020 Petrobras stated in its financial report that it expects to sign until the first quarter of next year the sale of most of its refineries that are in the process of divesting. In addition, the state company also believes that it may definitively conclude these transactions in 2021. Due to the coronavirus... Continue Reading →
Jul 30, 2020 Petrobrás currently has seven platform ships under construction, scheduled to enter operations between 2021 and 2023. Some of the works have managed to progress well despite the pandemic. Others not so much. This is the case of the FPSO Carioca, which will be installed in the Sépia field, in the Santos Basin.... Continue Reading →
Brazil Energy Insight 