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April 1, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil Participações S.A. - under judicial reorganization, seeking compensation from Petrobras for alleged damages related to its investment in the Sondas Project. In the 1Q2020 Petrobras will revert... Continue Reading →
April 1, 2020 Petrobras then concludes the contracting of 90% of the TOR surplus in Búzios, alongside that of the Chinese state-owned companies CNODC and CNOOC, with 5% each. In addition to 100% of Itapu. - Búzios is the largest field under development in the country, with four Petrobras own units in operation, Búzios 5... Continue Reading →
April 1, 2020 The ANP board approved the review of the discovery assessment plan (PAD) for well 3-BRSA-1267-RJS, an extension well for the original Libra discovery, which provides for additional campaigns in the Southeast and Central areas of the block. - Southeast: the consortium led by Petrobras needs to decide on December 31 this year... Continue Reading →
April 1, 2020 OneSubsea presented the lowest price in Petrobras' bid for the acquisition of a PLEM (Production Line End Manifold) and an UTA (Umbilical Termination Assembly) for the Marlim and Voador Revitalization Project (Modules 1 and 2). In the reverse auction conducted by Petronect, the company offered a value about 12% lower than the... Continue Reading →
Petrobras on new actions to strengthen resilience April 1, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/26/2020, informs that due to the contraction of oil and oil products demand it has decided to adopt new measures that comprise reduction of oil production, postponement of cash disbursement and reduction of... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Board Member Ana Lúcia Poças Zambelli presented her resignation as member of the Board of Directors of the company, as well as the Board Committees of which she was a member, for personal reasons, with effect from April 1, 2020. The election of the... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 02/27/2020, announces the beginning of the binding phase referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the shallow waters of Santos Basin. Qualified parties for this phase will receive a process letter with... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of its remaining stake (10%) in Nova Transportadora do Sudeste S.A. (NTS). The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available... Continue Reading →
Mar 30, 2020 The ANP has been waiting, since the end of December, for Petrobras to send documentation proving the fulfillment of 32 pending issues that prevent the P-70 from starting to operate for safety reasons. Related mainly to the commissioning and start-up schedule, the problems were identified during a prior audit and Petrobras needs... Continue Reading →
March 30, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors has decided to join the initiative of the company's Executive Board and approved the postponement of 30% of the remuneration of its members in April, May and June, for payment in September. Petrobras has already announced on 03/26/2020 the payment postponement... Continue Reading →
Brazil Energy Insight 