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MAR 13 , 2020 According to information obtained by Petronotícia, the vessel Batuira crashed into the platform ship P-77, in the Búzios field, in the Santos Basin. The FPSO suffered damage to its side and, in addition, there was a detachment of the gangway - a walkway that connects the Maintenance and Safety Unit (UMS)... Continue Reading →
March 11, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it achieved on March 10th a new production record in Búzios field, in the Santos Basin pre-salt: 640 thousand barrels of oil per day and 790 thousand barrels of oil equivalent per day produced by the four platforms (P-74, P-75, P-76 and P-77) currently installed... Continue Reading →
March 10, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors deliberated on the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras System Petros plans (PPSP-R and PPSP-NR), managed by Petrobras Social Security Foundation - Petros and in compliance with CNPC Resolution No. 30/2018. The New Plan aims... Continue Reading →
Brazilian stocks plunged more than 12% on Monday to record their biggest fall since 1998 and the central bank intervened twice in the currency market as the real slumped to another record low, in a day of widespread fear and selling across global markets. The benchmark Bovespa index's 12.3% decline .BVSP was its biggest one-day fall since... Continue Reading →
March 9, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed an agreement with Eagle Exploração de Óleo e Gás Ltda. (Eagle) for the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, for US$ 3.01 million. The... Continue Reading →
Mar 4, 2020 Petrobras decided to suspend the pilot project for offshore wind generation in the Ubarana field, in the Potiguar Basin, on the coast of Rio Grande do Norte. The decision was communicated to Ibama, responsible for the environmental licensing of the project, at the end of January. In a letter sent to the... Continue Reading →
March 6, 2020 - Petróleo Brasileiro S.A. - Petrobras, following the press release disclosed on December 30, 2019, reports that it has entered into a new amendmentto the natural gas supply agreement (GSA) with Yacimientos Petrolíferos Fiscales (YPFB). The amendment signed today refers to the volume of gas contracted in 1999, at the beginning of... Continue Reading →
Mar 04, 2020 New worldwide standard for sulphur rates in marine fuels has generated an unique opportunity for the company Petrobras has set a new record this year in February for fuel oil exports, reaching the 238 thousand barrels per day mark and exceeding one million tons this month. The new world standard for marine... Continue Reading →
March 04, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, in the auditorium of the Company's Headquarters, Avenida República do Chile, 65 - 1º floor , in the city of Rio de Janeiro (RJ), analyzed and approved, by majority vote, the following: Merger of Petrobras Negócios... Continue Reading →
Brazil's government is unlikely to auction the remaining production rights to the "transfer-of-rights" (TOR) offshore oil zone until 2021, Economy Ministry Subsecretary Waldery Rodrigues told Reuters on Friday. The TOR area is a prolific oil-producing region off the Brazilian coast. The government auctioned production rights to two of its subdivisions in November, but two others... Continue Reading →
Brazil Energy Insight 