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December 9, 2019 Petróleo Brasileiro S.A. – Petrobras, in accordance with them commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the company... Continue Reading →
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company’s stake in petrochemical company Braskem SA within a year. At the London leg of an international investor roadshow, top Petrobras officials presented plans to sell tens of billions of dollars in assets to reduce... Continue Reading →
Dec 6, 2019 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter. Asked if the firm would match a pledge similar to Spanish energy group Repsol's this week... Continue Reading →
December 6, 2019 Concerned about the natural decline in the Campos Basin post-salt in contrast to the record highs in pre-salt production, Petrobras announced this week through its exploration and production director Carlos Alberto Pereira de Oliveira that it will invest 21 billion dollars for the next 4 years. The investments would aim to try... Continue Reading →
Dec 5, 2019 One of the most anticipated investments in oil and gas in Espírito Santo has been postponed for the next three years. The Parque das Baleias Integrated project had its start-up date postponed by Petrobras to 2023. Initially, the investment was announced for 2021 and had already been postponed to 2022. The new... Continue Reading →
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 →
