Jun 30, 2020 Petrobras received an operating license from Ibama to drill in the SC-AP3 sector, in the Campos Basin, which comprises blocks C-M-210, C-M-277, C-M-344, C-M-346, C-M-411 and C-M-413. Acquired in the 14th ANP Bidding Round, the areas are operated by the state company (50%) in partnership with ExxonMobil (50%). The campaign foresees the... Continue Reading →
Petrobras on production record in Búzios
June 29, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). The... Continue Reading →
PETROBRAS RE-STRUCTURE WILL LEAVE THE COMPANY WITH A LESS STATE AND MORE PRIVATE CULTURE
Jun 29, 2020 The oil unions are reacting hard and even with some indignation to the decision of the Petrobras Board of Directors, which, in early June, approved a change in the internal policy of the state-owned company, authorizing the increase of the appointments of outside professionals for the company's high command. The measure raises... Continue Reading →
Oil companies inaugurate operations in Brazil in the midst of the crisis and adjust investments
Jun 29, 2020 In the middle of one of the biggest crises in the oil and gas sector, two new companies specializing in recovering mature fields will start operations this year in the Brazilian market. However, 3R Petroleum and Trident Energy will face a very different scenario than the two expected when they signed, in... Continue Reading →
ANP DEFINES THAT REFINERIES AND LOGISTICS ASSETS MUST BE OPERATED BY DIFFERENT COMPANIES
Jun 29, 2020 The government is making progress in developing guidelines for Petrobras' divestments in the refining sector. On Friday (26), the Ministry of Mines and Energy (MME) announced a new position by the National Petroleum Agency (ANP) on the subject. The guideline states that the refinery's logistics infrastructure must be operated by companies other... Continue Reading →
Trident Energy’s development Plans in the Campos Basin Approved
Jun 29, 2020 The National Petroleum Agency (ANP) approved the revisions of eight of the ten fields that were owned by Petrobras and were taken over by Trident Energy. The areas in question are: Badejo, Linguado, Marimbá, Piraúna, Bonito, Enchova, Enchova Oeste and Trilha, all located in the Campos Basin. The ANP also approved the... Continue Reading →
Petrobras on Severance Programs at Transpetro
June 29, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), approved the creation of a Voluntary Severance Program (PDV), exclusive to its employees. The PDV is an important staff management tool, being yet another measure focused on cost reduction, in order to strengthen... Continue Reading →
Guyana Short-lists 19 Companies to Market Its Oil
A group of 19 companies including oil majors, trading houses and state-run firms were approved by Guyana's government for the next phase of a competitive process aimed at selecting an agent for marketing its share of crude produced in the country. PetroChina Co, Sinochem International, China Offshore Oil, ExxonMobil Corp, BP Plc, Total SA, Royal... Continue Reading →
Petrobras on the new Code of Ethical Conduct
June 26, 2020 Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors has approved the company's new Code of Ethical Conduct. The document, which unites the Code of Ethics with the Guide to Conduct, follows the best corporate integrity practices and represents another step towards strengthening the company's integrity culture. The unification is... Continue Reading →
Petrobras on leniency agreement – Operation Car Wash
June 26, 2020 Petróleo Brasileiro S.A. – Petrobras announces that, following up to the release disclosed on July 25, 2019, it has received R$ 265 million related to the second installment of the leniency agreement executed by Technip Brasil and Flexibras (companies of the Technip Group). This payment arises from the damages suffered by Petrobras’... Continue Reading →
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