Brought to you by Quest Offshore & Southern Cone Consultants
December 30, 2019 -Petróleo Brasileiro S.A. – Petrobras following up on the press release disclosed on 12/27/2019, reaffirms that the total value of the sale of 50% of exploration and production rights of the Tartaruga Verde field (concession BM-C-36) and Module III of the Espadarte field to Petronas Petróleo Brasil Ltda ("Petronas") was US$ 1,293.5... Continue Reading →
December 30, 2019 Petróleo Brasileiro S.A. - Petrobras informs that signed on 12/27/2019 a Transition Agreement under the natural gas supply agreement (GSA) with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The Agreement establishes a transition period (from 01/01/2020 to 03/10/2020) in the GSA, in which Petrobras and YPFB will continue the negotiation process with the objective... Continue Reading →
December 27, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/20/2019, reports that today its wholly owned subsidiary, Petrobras Biocombustível S.A. (PBio), signed a contract for the sale of its 6.07% stake in Bioóleo Industrial e Comercial S.A. (Bioóleo) to 2H Participações Societárias EIRELI, which holds the other 93.93%... Continue Reading →
December 27, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press releases disclosed on October 10, November 6 and 7, and December 11, 2019, reports that today it made the final payments in the amount of R$ 34.191 billion (thirty four billion one hundred and ninety one million reais), referring to the... Continue Reading →
December 27, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 4/25/2019, reports that it has completed today the sale of 50% of exploration and production rights of the Tartaruga Verde field (concession BM-C-36) and Module III of the Espadarte field to Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of... Continue Reading →
December 26, 2019 Petrobras began a new environmental licensing process for drilling an exploratory well in the area of block BM-P-2 in the Pelotas Basin. The opening of the new process follows a license denied by Ibama for the campaign in the region. The request at Ibama was filed on December 3. After 14 years... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Qualified parties for this phase will receive a process letter with instructions on... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no prejudice... Continue Reading →
December 20, 2019 Ibama denied Petrobras' request to drill an exploratory well in block area BM-P-2 in the Pelotas Basin. The environmental agency recently closed the licensing process, due to technical uncertainties that were not clarified by Petrobras. Petrobras and Total trying to sell the asset. The teaser, which marks the start of the sale,... Continue Reading →
20/12/2019 Petrobras reports on divestments in the biofuels segment. The company guideline to exit this segment, announced in 2016, accelerated in 2019 and four important transactions were carried out this year: - Sale of stake in Belem Bioenergia Brazil (BBB) - Petrobras Biocombustível S.A. (PBio), a Petrobras subsidiary, has completed the sale of 50% of... Continue Reading →
Brazil Energy Insight 