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DEC 4, 2019 Buzios field, in the Santos Basin pre-salt, will receive about 28% of the $ 64 billion that Petrobras will invest in exploration and production by 2024, equivalent to about $ 18 billion. The large volume of investments reflects the need for the state-owned company to develop the field. As is well known,... Continue Reading →
December 4, 2019 Petrobras plans to decommission 18 offshore oil and gas production platforms over the next five years at a total cost of U$ 6 billion. The data is part of the company's Business Plan detailed on Wednesday in New York. The company plans to decommission seven semi-submersible platforms, six fixed platforms and five... Continue Reading →
Dec 5, 2019 Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's majority stake in the Papa-Terra... Continue Reading →
Petroleo Brasileiro SA plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, Chief Executive Officer Roberto Castello Branco said. The plan is a major shift for the state-controlled oil producer that had kept payouts to investors at or close to the... Continue Reading →
“Petrobras Day” on the New York Stock Exchange (NYSE), an event where investors had the opportunity to learn about the company's future plans. President Roberto Castello Branco rang the bell that symbolizes the opening of the trading session, a moment that is granted to special guests. Also present were directors Carlos Alberto Pereira de Oliveira,... Continue Reading →
Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business. In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came... Continue Reading →
December 4, 2019 The launching of seven new pre-salt platforms between 2018 and 2019 boosted GDP, even in the face of poor economic performance in other sectors. Brazil is producing nearly 4 million barrels a day, a record high - and pre-salt accounts for 64% of national production. The report of the newspaper Folha de... Continue Reading →
December 3, 2019 Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure stage, referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Petrobras holds a 50% stake in each of the blocks, in partnership with Cowan Petróleo e Gás, which is the... Continue Reading →
December 3, 2019 – Petróleo Brasileiro S.A. - Petrobras, following up on the release dated on 09/30/2019 and 10/15/2019, reports on the beginning of the binding phase regarding the sale of its interests in eight onshore exploratory blocks located in the Recôncavo Basin. Qualified parties for this phase will receive process letters with instructions on... Continue Reading →
(Reuters) - The Chief Executive Officer of Engie’s Brazilian subsidiary said the French company group wants to acquire the 10% stake still owned by state-controlled oil company Petrobras SA in the natural gas pipeline company TAG. Mauricio Bahr told reporters in Rio de Janeiro the TAG investors group led by Engie will enter in talks... Continue Reading →
Brazil Energy Insight 