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Sept 30, 2019 Petrobras is close to considering its departure from MontevideoGas, the natural gas distributor of the Uruguayan capital. The oil company must complete within two weeks the due diligence of the company's financial statements and define the value and conditions of the business. The projection is for the sale to be completed within... Continue Reading →
Sept 30, 2019 Best placed in Petrobras' bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin, EPIC Applied Technologies was disqualified. According to sources, the decision of the oil company was motivated by the fact that the US group EPIC Companies - of which the company... Continue Reading →
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports. Instead, Petrobras will focus on two things... Continue Reading →
September 26, 2019 Petróleo Brasileiro S.A. – Petrobras reports that it has approved a new Voluntary Severance Program (“PDV”) exclusively for employees working in the company’s corporate segment. The initiative is part of the ongoing effort to make the company more sustainable with an efficient staff management. This is the third PDV offered this year... Continue Reading →
September 26, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Board of Directors, in a meeting held yesterday, elected, effective 10/01/2019, Mr. Nicolás Simone for the role of Digital Transformation and Innovation Executive Officer, a new area of the Company that will be deployed after the General Shareholders Meeting to be held on... Continue Reading →
September 26, 201 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for the new 2020-2024 plan, which is currently being prepared. Petrobras' new vision is to be the best energy company in generating value for the shareholder, with... Continue Reading →
September 25, 2019 Petróleo Brasileiro S.A. - Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th (seventh) issuance of simple, non-convertible, unsecured debentures (“Debentures”), in up to 3 (three) series, for placement under best efforts, pursuant to CVM Instruction no. 400 of December 29, 2003, as... Continue Reading →
Sept 24, 2019 Petrobras will auction again, this year, the drillship Vitória 10,000. A committee of oil and property supply professionals has been working since last week to define the new market-going strategy, with a minimum price below the $ 47.5 million asked in the first attempt. The rig went up for auction on September... Continue Reading →
September 23, 2019 Petróleo Brasileiro S.A. – Petrobras reports that platform P-50, located in the Campos Basin, in the Albacora Leste field, had its production preemptively halted on Sunday night, due to the disruption of the mooring of the anchor system. Anchored by another 15 moorings, the platform is stable and safe, offering no risk... Continue Reading →
Sept 23, 2019 Petrobras looks at opportunities to become a gas exporter, says Petrobras' institutional relations director Roberto Ardenghy, the company sees potential to become a liquefied natural gas (LNG) exporter in the future. Today, Brazil is an importer of this product. The executive stressed that the state-owned company expects a “very large” increase in production... Continue Reading →
Brazil Energy Insight 