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10/25/2019 Petrobras intends to use the R $ 34 billion it will receive from the Federal Government from the auctiont of the Transfer of Rights, scheduled for November 6. The auction will offer the right to extract oil and gas in areas in the pre-salt polygon granted to Petrobras in 2010. Chief Financial and... Continue Reading →
October 28, 2019 The forecast is to invest US $ 21 billion by 2023 to maintain the Campos Basin production curve. At the same time as it sets record highs in the pre-salt, Petrobras is facing the challenge of containing the sharp natural decline of its production in the Campos Basin post-salt. The company, however,... Continue Reading →
Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA) is studying exiting its stake in Braskem SA (BRKM5.SA) via a share offering, an executive said on Friday, the latest in a series of proposals to separate itself from the petrochemical firm. Anelise Lara, head of Petrobras’ downstream division, divulged the potential share offering, which she said... Continue Reading →
This is certainly a surprising change of posture. Oct 25, 2019 (Reuters) - Brazilian oil worker’s federation FUP said on Friday it has recommended the unions representing workers at state-controlled oil company Petrobras call off a planned general strike after receiving a new contract proposal. Several unions had called for a general strike at Petrobras... Continue Reading →
Oct 25, 2019 Baixada Santista has the potential to become a new center of goods and services for the oil and gas sector, along the lines of Macaé (RJ), says São Paulo State Finance and Planning Secretary Henrique Meirelles. “There is no doubt that the Santos Basin's share of pre-salt production is growing. Along with... Continue Reading →
Oct 25, 2019 The first Mero 2 oil in the Santos Basin pre-salt was delayed by one year. Petrobras' business plan was scheduled for FPSO Sepetiba to start operating in 2022, but the company's financial report released on Thursday (10/24) projects its start of production in 2023. The construction and operation of the unit, which... Continue Reading →
(Reuters) - Brazilian fuel distributor Petrobras Distribuidora SA is considering creating energy trading units as it seeks to reposition itself after its privatization last July, Brazilian newspaper Valor Economico reported on Thursday. The company is considering creating ethanol, electricity and natural gas trading businesses, Rafael Grisolia, BR Distribuidora’s chief executive, told the Thursday edition of... Continue Reading →
Brazilian state-owned oil company Petrobras said on Thursday that some of its costs in a key oil-producing region plunged in the third quarter, a positive sign given that the company is making a huge bet on the region. In a securities filing announcing its third-quarter results, Petroleo Brasileiro SA, as the company is formally known,... Continue Reading →
Oct 24, 2019 Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the sale of downstream assets, which includes: Isaac Sabbá Refinery (REMAN) in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) in Ceará, and the Shale Industrialization Unit (SIX) in Paraná,... Continue Reading →
Oct 24, 2019 MESSAGE FROM THE CEO The company's performance in 3Q19 is already starting to reflect the implementation of our value creation strategy. Oil and gas production reached a record level of 3.0 MMboed in August, when a daily record of 3.1 MMboed was also reached. The ramp-up of the new platforms significantly influenced... Continue Reading →
Brazil Energy Insight 