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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 →
Oct 24, 2019 Karoon will raise AUD 284 million (US $ 194.42 million) to complete financing for the acquisition of the Bauna field, located in block BM-S-40, in the Santos Basin. The operation also aims to support future projects of the company. According to Karoon director Robert Hosking, the measure represents the final stage of... Continue Reading →
Oct 23, 2019 Unionized workers at Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, said they will start a general strike on Saturday to press for higher wages as they negotiate a new contract. A group representing 12 oil worker unions said in a statement on Wednesday they were fighting for their rights and... Continue Reading →
Petrobras and Brazil will continue to dominate the deployment of global FPSOs over the next five years, data and analytics company GlobalData has reported. According to GlobalData, Petrobras is expected to deploy six planned and nine announced FPSOs by 2025. GlobalData says that during the 2019 – 2025 period, the year 2023 will witness the... Continue Reading →
October 23, 2019 -Petróleo Brasileiro S.A. - Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the draft Amendment to the Transfer of Rights Agreement. Such ratification occurs after the issuing of MME Ordinance No. 265 of June... Continue Reading →
Thursday, October 24th, 2019 (after B3’s trading hours) Conference Call and Webcast Date: Friday, October 25th, 2019 Time: In English: 11:30 am (Rio de Janeiro) | 10:30 am (New York) | 3:30 pm (London) In Portuguese: 10 am (Rio de Janeiro) | 9 am (New York) | 2 pm (London) Participants calling from: Brazil: +55... Continue Reading →
Oct 23, 2019 After nearly five months of negotiations, Petrobras signs contract to replace lost shipwrecked equipment Siemens and Petrobras signed a contract to supply four generators for the P-71, replacing those lost in the shipwreck in mid-May. According to sources, the removal of the new equipment will be made until January by the winner... Continue Reading →
Expanding output from the pre-salt province starts to bear fruit for the Brazilian company Petrobras, the Brazilian state-owned oil company, recorded strong production performance across the third quarter, as record figures in the pre-salt region helped boost the firm’s upstream portfolio. Total hydrocarbon output for the quarter reached 2.88mn bl oe/d, a 9.3pc increase over... Continue Reading →
Oct 23, 2019 (Reuters) - Brazilian police conducted raids on Wednesday in a new phase of the sweeping “Car Wash” corruption probe targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petroleo Brasileiro SA. Federal police and prosecutors said local Techint units Techint Engenharia e Construção SA and Confab Industrial... Continue Reading →
Brazil Energy Insight 