December 13, 2019 Following the announcement on December 11, 2019, with respect to the contract signature for FPSO Sepetiba, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) regarding the divestment of a 35.5% interest... Continue Reading →
Ibama releases Petrobras’ deepwater Long Term Test production from Sergipe
December 12, 2019 Petrobras received from Ibama an operating license authorizing the start of the Farfan Reservoir Long Term Test, one of the discoveries made in the region. The plan foresees the installation of FPSO Cidade de São Vicente, connected to a production well. The license is valid for up to 180 days and by... Continue Reading →
Seven more FPSOs for Buzios
December 12, 2019 The development of Buzios production in the Santos cluster will require the hiring of seven new FPSOs. The units will be able to produce at least 180,000 bpd - 30,000 bpd more than the platforms contracted for the project so far. The development plan was unveiled to the press last Wednesday (11/12)... Continue Reading →
Petrobras studies IPO to sell control of Gaspetro in 2020
December 11, 2019 Petrobras President Roberto Castello Branco said Wednesday that the company wants to make an initial IPO of Gaspetro in the second half of 2020. The oil company has a commitment to Cade to leave the natural gas distribution segment. According to Castello Branco, however, there is resistance from Mitsui to be the... Continue Reading →
Petrobras and CNPC conclude that refinery construction at Comperj is not viable
Dec 11, 2019 Petrobras and China's CNPC have ended talks on the possibility of building a refinery at Comperj in Itaboraí (RJ) after concluding that the project would not be economically viable, Petrobras president Roberto Castello Branco said on Wednesday. The executive stressed that it "makes no sense" strategically for the company to invest in... Continue Reading →
Petrobras discloses teaser for sale of its stake in TAG
December 11, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), relating to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (“TAG”). The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants,... Continue Reading →
Petrobras about the Amendment to Transfer of Rights Agreement
December 11, 2019 – Petróleo Brasileiro S.A. – Petrobras following up on the release dated November 1, 2019, informs that, in alignment with its cash management strategy and in accordance with the provisions of the Amendment Term to the Transfer of Rights Agreement, paid to the Federal Government the amount of R$ 34.420 billion (thirty-four... Continue Reading →
SBM Offshore Inks FPSO Sepetiba Contracts
SBM Offshore announced on Wednesday that it has firmed up contracts with Brazil’s Petróleo Brasileiro S.A. (Petrobras) for the 22.5-years lease and operation of a floating production, storage and offloading unit (FPSO) to be deployed at the Mero field in the Santos Basin offshore Brazil. FPSO Sepetiba, formerly known as Mero 2, will be built... Continue Reading →
Petrobras highlights the importance of fighting corruption and advances its integrity system
Petrobras held, on Monday (December 09, 2019), the opening of the 6th "Compliance in Petrobras", at the company's headquarters in Rio de Janeiro. The meeting, held on the International Anti-Corruption Day, was an opportunity to present Petrobras' advances and challenges in combating fraud and corruption, as well as to exchange experiences with professionals specializing in... Continue Reading →
Nanotechnology: Petrobras invests in increasing oil production efficiency
Dec 10, 2019 Petrobras is developing nanotechnology solutions to increase production in its oil fields. Using nanotechnology for use in Advanced Oil Recovery may make it possible to extract more oil and gas than conventional techniques already used. The company has invested R$ 21.3 million in this technology in recent years, using financial resources from... Continue Reading →
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