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Jan 23, 2010 Petrobras evaluates new postponement of delivery of proposals for chartering of the third definitive production systems in the Mero 3 field The delivery of proposals for chartering the FPSO of Mero 3 may be postponed again. Last week, Petrobras' bidding committee sent a circular to the bidding invited companies, anticipating the possibility... Continue Reading →
Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday. In a statement, the regulator, known as the ANP, said 2019 output increased 7.78% over the previous year. Brazil produced 3.106 million barrels per... Continue Reading →
Jan 22, 2020 Ocyan's Norbe VI rig starts operations today, under a contract signed for the next two years. The first campaing will be carried out in the Tartaruga Verde field, in the Campos Basin, with a duration of up to 45 days. Norbe VI is one of Ocyan's 5 deepwater drilling rigs. The rig... Continue Reading →
January 21, 2020 - Petróleo Brasileiro S.A. – Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two... Continue Reading →
January 21, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued today an unfavorable decision, by a casting vote, on an administrative tax proceeding which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment of charters contracts in the... Continue Reading →
Jan 20, 2020 The government will reduce the value of the signature bonus or decrease the percentage of oil sharing with the Union required in the Sépia and Atapu fields, in the pre-salt, informs the Special Secretary of Finance, Waldery Rodrigues. The two fields did not receive offers at the auction for the transfer of... Continue Reading →
Jan 18, 2020 This Saturday the 18th , a fire outbreak temporarily interrupted production on the P-76 platform. Petrobras, through its press office, informed the resumption of the operation. The P-76 is in the Búzios field, in the Santos Basin pre-salt, considered one of the most promising in Brazil. The unit has an installed capacity... Continue Reading →
Jan 17, 2020 Petrobras, following up on the press release disclosed on 11/12/2019, related to the sale of 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI) - a subsidiary of Petrobras - in Petrobras Uruguay Distribuición S.A. (PUDSA), informs that the project´s non-binding phase is underway, as described in the... Continue Reading →
January 17, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 12/11/2019, announces the beginning of the non-binding phase related to them sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG). Potential buyers qualified for this phase will receive a descriptive memorandum with more detailed information... Continue Reading →
Jan 17, 2020 Cosan has applied for a license to build the second stage of the Rota 4 gas pipeline. The project will increase the transport capacity of gas production from the pre-salt fields, according to a document published by IBAMA. Cosan wants to build the 313 km pipeline that will connect the Carcará and... Continue Reading →
Brazil Energy Insight 