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Sept 23, 2019 In October, Petrobras will sign the charter contracts for the Marlim and Parque das Baleias FPSOs. Sources have confirmed to PetroleoHoje that the oil company concluded negotiations with newcomer Yinson and Modec a little less than two weeks ago and that the formalization of operations depends only on internal procedures. Both Modec... Continue Reading →
September 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that today it entered into a Cession Agreement of Credit Rights, allowing the advance of about R$ 8.4 billion of receivables from Eletrobras, recognized in the Debt Assumption Agreements (IADs) referring to the totality of the debts confessed in 2014 by the Eletrobras Group, with original... Continue Reading →
The environmental, ethical and economic dimensions of the procurement and supply chain logistics processes were evaluated. Petrobras is the first company to obtain the Association for Supply Chain Management (ASCM) certification for environmental, ethical and economic excellence in the procurement and supply chain of goods and services. ASCM, with more than 45,000 members in 100... Continue Reading →
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. Now, Brazil’s most important company is facing yet another challenge: thieves are robbing millions of dollars worth of its fuel to sell on a thriving black market. Continue reading
September 20, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/25/2019, reports the beginning of the binding phase regarding the sale of its interest in four onshore exploration and production concessions, located in the state of Bahia, jointly called Tucano Sul Cluster. Qualified parties for this phase will receive a process... Continue Reading →
As previously reported, Petrobras (PBR) was trying to sell drillship Vitoria 10000 via an auction. Vitoria 10000 is a drillship of a Samsung 10000 design built in 2010, which is currently warm stacked in Brazil. The minimum price for the rig was set at $47.5 million. Bassoe Offshore has just reported that the auction closed... Continue Reading →
September 18, 2019 Petróleo Brasileiro S.A. - Petrobras informs that today the Administrative Board of Tax Appeals (CARF) issued a favorable decision on a tax administrative process regarding the moment of the deduction of expenses incurred by Petrobras with oil and gas production development, for purposes of Corporate Income Tax (IRPJ) and the Social Contribution... Continue Reading →
September 16, 2019 Petróleo Brasileiro S.A. - Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments. Recognizing that the oil market is volatile and... Continue Reading →
Sept 16, 2019 The government intends to make the pre-salt exploration regime more flexible by allowing blocks in these areas to be auctioned off in the concession model - in which the company owns the oil but assumes the risk of the activity, and the winner of the auction is who offers the highest bid.... Continue Reading →
September 16, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”), by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), relating to seven series of its outstanding notes set forth in the tables below (the “Old... Continue Reading →
Brazil Energy Insight 