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APR 9, 2020 An SBM Offshore platform vessel, at the service of Petrobras, off the coast of Espírito Santo, recorded 53 cases of Covid-19 in workers on board the unit. The information was confirmed by the Brazilian state-owned company to the Secretary of State for Health of Espírito Santo. Of the total infected, 29 have... Continue Reading →
April 8, 2020 Petrobras and Modec are close to signing the FPSO charter contract Anita Garibaldi, which will be installed in the Marlim field, in the Campos Basin. The formalization should take place in April, about six months after the signature of the letter of intent, in mid-October 2019.
Brazil's state-controlled oil company Petrobras aims to save 7.6 billion reais ($1.4 billion) by 2025 through voluntary buyout programs that will affect 3,800 employees, according to a securities filing on Wednesday. Petroleo Brasileiro SA, as the company is formally known, on Wednesday launched a new program focused on employees who are eligible for retirement, and... Continue Reading →
Offshore accommodation rig provider Prosafe is in talks with clients over contract amendments for its flotels. These might see some of the rigs going off-hire. Prosafe, the world's largest operator of semi-submersible accommodation vessels, said Thursday it was "in dialogue with clients regarding potential temporary off-hire and/or potential contract amendments." Continue reading
April 8, 2020 Petróleo Brasileiro S.A. – Petrobras informs, in addition to the press release disclosed on 04/07/20 about the cancellation of the Annual General Meeting (AGM), that all the dates related to the payment of dividends based on the 2019 annual result are being cancelled, in the amount of R$ 1.7 billion (R$ 0.233649... Continue Reading →
Apr 7, 2020 The production plant of the FPSO Búzios VI, scheduled to go into operation in 2024, in the area of transfer of rights, may have its capacity expanded to 225 thousand bopd, compared to the original forecast of 180 thousand bopd. The E&P area of the oil company evaluates the possibility of increasing... Continue Reading →
April 8, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors approved the creation of an Incentive Retirement Program (PAI), a new severance program aimed at employees eligible for retirement effective until 12/31/2023. The Board also approved adjustments for incentives to join the three Voluntary Severance Programs (PDVs) of the company: (i)... Continue Reading →
April 7, 2020 - Petróleo Brasileiro S.A. – Petrobras reports that it will release its quarterly production and sales report on April 27th and its financial statements report on May 14th,after the markets close. The company will held two webcasts (Portuguese and English) to present the results, according to the schedule below: May 15, 2020... Continue Reading →
April 7, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, in view of the current situation arising from the new coronavirus pandemic (COVID-19) and the restrictions imposed or recommended by the WHO and the authorities regarding displacement and meetings of people, the Company's Board of Directors, in a meeting held today, approved the cancellation of... Continue Reading →
April 7, 2019 Petróleo Brasileiro S.A. – Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company's global credit rating outlook from positive to stable, and has kept the risk level (rating) of corporate debt at "BB-". Yesterday the agency revised Brazil's global credit rating outlook to stable due to the impact of... Continue Reading →
Brazil Energy Insight 