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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 →
March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the pressm release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), announces the postponement of the deadline to qualify potential buyers for the non-binding phase for April 30, 2020. The adjusted teaser is available... Continue Reading →
March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 01/15/2020, announces the beginning of the binding phase regarding the sale of its entire interest in two sets of offshore concessions, called Golfinho Cluster and Camarupim Cluster, located in deep waters, in the Espírito Santo Basin, in Espírito Santo state. Qualified... Continue Reading →
Mar 18, 2020 Petrobras may evaluate the possibility of short-term adjustments to its business plan, which includes investments and divestments for a period of five years, while the crisis generated by the coronavirus and an oil price war declared by Saudis bring the commodity's quotations to a minimum. since 2016. "We are going to assess... Continue Reading →
Brazilian oil and gas company Petrobras has informed that the hull of the FPSO P-71 has arrived from China to a Brazilian shipyard for integration with other modules. Petrobras said on Tuesday that the hull of the FPSO P-71 had arrived in Espírito Santo on March 16. The trip began on December 12, 2019, when... Continue Reading →
The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters. Before oil prices collapsed in the wake of failed OPEC talks earlier this month, the consultancy had... Continue Reading →
Mar 16, 2020 The price war between Saudis and Russians in the oil market and the slowdown in the global economy due to the coronavirus generate uncertainties about Petrobras' achievement of its debt reduction targets in 2020, the state company's president told CNN Brasil. The company had as a goal to reach the leverage measured... Continue Reading →
Brazilian state-run oil firm Petroleo Brasileiro SA has suspended employees' international travel amid the global health crisis caused by the coronavirus, according to a statement on Monday. Petrobras also said workers older than 65 years of age will have to work remotely.
Brazil Energy Insight 