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March 25, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors, in a meeting held today, approved the creation of the Logistics Office and the election of André Barreto Chiarini to the respective position of Chief Logistics Officer. The Board of Directors also approved the dissolution of the Corporate Affairs Office with... Continue Reading →
Petrobras will direct part of the processing capacity of high performance computers (HPC) - the so-called "supercomputers" - in order to collaborate with research in fighting the coronavirus, in a partnership with the Chemistry Department of Stanford University, USA. The goal is to contribute to the Folding@home Project, coordinated by this institution, dedicated to the... Continue Reading →
Mar 24, 2020 A price war between global oil giants is leaving many producers in Latin America struggling to cover production costs, increasing the chances of investment cuts and delays in the coming months. Global oil price benchmarks are experiencing their sharpest declines in decades, in a perfect storm, with declining demand in the face... Continue Reading →
Mar 25, 2020 Brazil's oil production totaled 2.97 million barrels per day (bpd) in February, down 6.2% from a record in January, but still up 19% from the same month in 2019. , pointed out data published by the National Petroleum, Natural Gas and Biofuels Agency (ANP) on its website. The contraction compared to the... Continue Reading →
March 24, 2020 Petrobras launched invitations to bid for the fourth definitive Libra production system Last Saturday (March 21), Petrobras launched invitations to tender for the charter of the fourth final FPSO in the Mero field, scheduled to go into operation in 2025. The submission of proposals was scheduled for 17 August. By then, the... Continue Reading →
Mar 23, 2020 Amid the 21% drop in Brent-type oil prices, in the past week, oil companies are beginning to move to face the crisis scenario triggered by the covid-19 pandemic and the market dispute between Saudi Arabia and Russia. In Brazil, PetroRio announced that it will postpone investments, while Petrobras resorted to a disbursement... Continue Reading →
Mar 20, 2020 Despite the turbulent scenario, Petrobras kept schedule for receiving offers for a new Libra FPSO. SBM and Misc, belonging to the Petronas group, submitted bids for Petrobras' tender for the charter of the Mero 3 FPSO, which is scheduled to go into operation in 2023 in the Santos Basin pre salt. The... Continue Reading →
March 20, 2020 Petrobras has requested the banks the disbursement of its revolving credit lines, in the amount of around US$ 8 billion. The disbursement is consistent with the strategy of strengthening the company's liquidity in order to protect itself within the current crisis scenario, due to the COVID-19 (coronavirus) pandemic and the oil prices... Continue Reading →
March 20, 2020 Petrobras, due to the prevention measures to the coronavirus, will postpone the receipt of binding offers in the processes of divestment in downstream and its respective logistic assets, in order to ensure the effective performance of due diligence by potential buyers. The processes include the refineries Abreu e Lima (RNEST) in Pernambuco,... Continue Reading →
GENERAL SHAREHOLDERS' MEETING CALL NOTICE The Board of Directors of Petróleo Brasileiro SA - Petrobras convenes the Company's shareholders to meet at General Shareholders' Meeting on April 22, 2020, at 3:00 p.m., in the auditorium of the Headquarters Building, Avenida República do Chile 65, 1st floor, in the city of Rio de Janeiro (RJ),... Continue Reading →
Brazil Energy Insight 