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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 →
April 7, 2020 Petrobras informs that it approved a level of oil production in Brazil for April of 2.07 million barrels per day (bpd). This new monthly production forecast already includes the reductions announced on 3/26/2020 and 4/1/2020. Thus, there will be a daily monitoring of the production projection, increasing or decreasing the constraints to... Continue Reading →
April 7, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has identified the presence of oil in a exploratory well of the Sudoeste de Tartaruga Verde block, located in the Campos Basin. The well, informally called Natator, is located 130 km from the city of Macaé (RJ), in water depths of 1,080 meters, with... Continue Reading →
6 April 2020 Netherlands-based Seabed Geosolutions has submitted the lowest bid in a Petrobras tender to contract proprietary seismic surveys for the Parque das Baleias and Golfinho fields off Brazil.
April 6, 2020 The worsening of the global crisis due to the new coronavirus did not inhibit the progress of Petrobras' divestment program. Since January - when the first cases of Covid-19 were confirmed -, the oil company has launched 11 disclosure opportunities (teasers), more than a third during the month of March.
Brazil's state-run oil company Petrobras has delayed by 90 days the deadline for bids to build a production platform in the Itapu field in Santos Basin after a sharp drop in oil prices and concerns about the impact of the COVID-19 pandemic, two people familiar with the matter told Reuters. The platform, which was slated... Continue Reading →
April 3, 2020 Regarding cuts in production and investments, Castello Branco pointed out that even without breaking the OPEC + agreements, worsening the market situation, companies would need to adapt to the new level of demand imposed by the covid-19 pandemic. “I honestly think that this dispute between Russia and Saudi Arabia, although the markets... Continue Reading →
April 3, 2020 The auction of the Atapu and Sépia TOR surpluses, pre-salt fields in the Santos Basin, is being scheduled for June 2021, the Minister of Mines and Energy, Bento Albuquerque said last Thursday (2). They are volumes offered, but not contracted in the auction of the Transfer of Rights in 2019. The minister... Continue Reading →
April 2, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt. The pioneer well is located about 200 km off the coast of the city of Santos (SP), at a water depth of 1,995 meters,... Continue Reading →
APR 2, 2020 The National Petroleum Agency (ANP) approved earlier this week the Development Plan for the Lapa field, in the pre-salt of the Santos basin. The field is operated by Total (45%), in partnership with Shell (30%) and Repsol Sinopec (25%). The French oil company's share previously belonged to Petrobrás, which sold its share... Continue Reading →
Brazil Energy Insight 