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June 10, 2020 Petróleo Brasileiro S.A. – Petrobras, in reference to the press released on 06/01/2020, 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-M-743_R11 concessions, located in the Espírito Santo Basin, hereby discloses to the interested parties that the deadline for... Continue Reading →
June 9, 2020 Petrobras started environmental licensing for drilling a well in block POT-M-952, offshore in the Potiguar Basin. This is the second project that Petrobras is licensing in the region - in April, it started the process for block POT-M-762. - Areas contracted in 2018, in the 15th round of the ANP (concession), at... Continue Reading →
The Board of Directors of Petróleo Brasileiro S.A. – Petrobras convenes an Extraordinary General Meeting of the Company's shareholders to be held on July 09 , 2020, at 3:00 p.m., exclusively by digital format, pursuant to article 4, paragraph 2, item I and article 21-C, paragraphs 2 and 3 of CVM Instruction 481, of December 17, 2009... Continue Reading →
June 8, 2020 BW Offshore has received a notice from Petrobras extending the lease and operation agreement of BW Cidade de São Vicente with 120 days. With the extension, the contract is now set to expire on October 9, 2020. BW Offshore has started planning for the demobilization of the unit from the field and... Continue Reading →
June 05, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% higher than the volume exported in May last year. It is important to highlight that, on 01/01/2020,... Continue Reading →
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 →
Brazil Energy Insight 