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May 29, 2020 Petrobras will return the Discovery Assessment Plan (PAD) area of well 1-BRSA-1143D-ESS, called São Bernardo, located in the BM-ES-22A concession, in the ES-M-527 block, in the Espírito Santo Basin Holy. The asset is operated by the state-owned company, with a 75% stake, in partnership with Equinor (25%), which bought Vale's stake in... Continue Reading →
July 29, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/17/2020, informs the beginning of the non-binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water fields (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for this phase will... Continue Reading →
July 28, 2020 Petrobras will forward a letter of intent (LOI) to Misc for the construction, chartering and operation of the Mero 3 FPSO in the Libra area. The two companies have completed all the internal approval and negotiation processes for contracting the production unit and the most recent projection is that the document to... Continue Reading →
July 27, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release on 03/20/2020, informs that, as of today, it has made the partial prepayment of its Revolving Credit Lines, in the amount of US$ 3.5 billion. These resources will be available for new withdrawals, if necessary. “The US$ 8 billion withdrawal of... Continue Reading →
July 27, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for... Continue Reading →
Jul 27, 2020 The National Petroleum Agency (ANP) launched this Monday (27) a new dynamic panel with information on decommissioning of facilities in Brazil. For this year, the tool has an estimated investment of R $ 5.5 billion in activities to deactivate oil and gas fields in the country. Most of these resources will... Continue Reading →
\ July 24, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on July 24, 2019, informs that, due to the impact caused by the COVID-19 pandemic and the difficulty to address the previous conditions initially defined, in common agreement with Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy... Continue Reading →
Brazil’s natural gas sector is poised for profound change. After years of intense focus on the country’s enormous pre-salt oil reserves, the government is finally shifting its efforts towards the domestic gas market. State energy firm Petrobras has been tasked with leading the vanguard for change. The Brazilian company is in the process of radically... Continue Reading →
July 24, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved today the beginning of the contracting processes for three new Floating Production Storage and Offloading (FPSOs) platforms for the Búzios field, in the Santos Basin pre-salt. The three new units are part of the Asset Development Plan, which envisages a total... Continue Reading →
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century. Earlier in July, Reuters reported that Petroleo Brasileiro SA, as the company is formally known, was preparing to... Continue Reading →
Brazil Energy Insight 