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January 3, 2020 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/02/2019, announces that it has started the binding phase referring to the sale of its interest in DóRé-Mi and Rabo Branco onshore fields, belonging to the BT-SEAL-13 Concession, located in the SergipeAlagoas Basin. Qualified parties for this phase will... Continue Reading →
2 JAN 2020 Brazil's oil exports reached a record in December and are expected to continue to grow in the coming months and years, given a significant advance in production in the pre-salt fields, which could place Brazil among the top five global producers. The country exported 8.72 million tons in December, more than double... Continue Reading →
In surfing, reading the environment and anticipating a wave from a small lump on the horizon can be difficult, but rewarding. This is what SBM Offshore, a Dutch-based FPSO industry specialist which has been building floating production units for 60 years, had done when after a rather dry period for FPSO orders it ordered an... Continue Reading →
January 2, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Board Member Clarissa de Araújo Lins presented her resignation as member of the Board of Directors of the company, as well as the Board Committees of which she was a member, for professional reasons that prevent her, at this moment, from continuing to perform... Continue Reading →
December 30, 2019 Petróleo Brasileiro S.A. – Petrobras reports that JP Morgan Chase will be the new representative of the American Depositary Receipt (ADR) program for its shares traded in the New York Stock Exchange (NYSE) from January 1, 2020 to December 31, 2024. ADR holders may call the new depositary bank at 1-800-990-1135 (or... Continue Reading →
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 →
