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Jun 5, 2020 Petrobras will close 2020 with a new and a leaner look. In the midst of the crisis, the oil company began to implement an extensive restructuring process that includes, among other changes, creating a decommissioning management, cutting hundreds of managerial positions and the hiring of a market executive to lead the Executive... Continue Reading →
June 4, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech Energia S.A. (Brentech). The teaser,... Continue Reading →
Jun 4, 2020 Two views on Petrobras' 1Q2020 results and the R $ 65.3 billion impairment that led to the historic loss of R $ 48.5 billion. - "The amplitude of the estimated volume of recoverable value of Petrobras' assets can also be used as a technical / political instrument to reinforce the strategies defined... Continue Reading →
Brazilian federal court has ordered state-run oil company Petrobras SA to rename one of its biggest offshore oil fields currently named "Lula", the special secretary of privatization at the Economy Ministry, Salim Mattar, said late on Wednesday. Back in 2010, Petrobras decided to rename its Tupi field, one of the crown jewels in Brazil’s so-called... Continue Reading →
June 03, 2020, Petróleo Brasileiro S.A. - Petrobras announces that today it concluded the offering of two series of Global Notes in the international capital market in the amount of US$ 3.25 billion, with US$ 1.5 billion from the issuance of the 2031 new notes and US$1.75 billion from the issuance of the 2050 new... Continue Reading →
Jun 3, 2020 Petrobras will sell the gas fields Pescada-Arabaiana production project, located in the shallow waters of the Potiguar Basin. The oil company is about to conclude direct negotiations with Ouro Preto, current partner in the project, to sell its 65% stake in the asset located in the Rio Grande do Norte shallow waters,... Continue Reading →
June 2, 2020 ANP is publishing the Monthly Bulletin of Oil and Natural Gas Production with detailed data for April 2020. This month, production in the Pre-salt was 2.597 MMboe / d (million barrels of oil equivalent per day), the which corresponds to 69.5% of the national total. 2,057 MMbbl / d (million barrels per... Continue Reading →
Oil production in Brazil fell only marginally in April compared to the previous month, according to data released on Tuesday, as coronavirus-related stoppages and a dramatic fall in demand had a limited impact on output. According to Brazilian oil regulator ANP, the nation produced 2.958 million barrels of oil per day in April, up 13.6%... Continue Reading →
Jun 2, 2020 The six largest oil companies present in Brazil have a well-aligned speech regarding the needs of the country's oil and gas sector for the future. The foreign companies Shell, Equinor, Chevron, BP, Total, in addition to Petrobras itself, are demanding more changes in the Brazilian regulatory regime to ensure that projects in... Continue Reading →
June 01, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M743_R11 concessions, located in the Espírito Santo Basin. The teaser, which includes key information about the... Continue Reading →
Brazil Energy Insight 