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August 9, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has achieved, for the fourth time in a row, top grade in all dimensions in the 4th Cycle of the Governance Indicator Certification (“IG-SEST”), prepared by the Secretariat of Coordination and Governance of StateOwned Enterprises - SEST, of the Ministry of Economy. The company... Continue Reading →
August 8, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its subsidiary Petrobras Biocombustíveis S.A. (PBIO) signed today a contract to sell its 50% stake in Belem Bioenergia Brasil (BBB) to Galp Bioenergy B.V., which holds the other 50% stake in the company. BBB was established in 2011 by Petrobras and Galp for the production... Continue Reading →
Aug 8, 2019 Petrobras received from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) the Installation License (LI) No. 1260/2019 (5508069) - 1st Renovation, referring to the Farfan Long Term Test - Well 3-SES project -176D, BM-SEAL Concession 11 - Sergipe-Alagoas Basin, through the FPSO Cidade de São Vicente, in the Sergipe /... Continue Reading →
Aug 8, 2019 The sale of Petrobras assets is confirming to be an opportunity to pulverize the number of oil and gas producers in the country. Today, less than 7% of national production is in the hands of private companies, but the scenario is expected to change soon. Only with divestments confirmed between January and... Continue Reading →
August 7, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/22/2019, reports that it carried out a full sale operation of its oil hedge position, which was intended to partially protect the company's operating cash flow in low price scenarios. Therefore, the company has negotiated all its put options referenced to... Continue Reading →
Dutch FPSO provider SBM Offshore has revealed that a Chinese yard has started building its third Fast4Ward FPSO hull. Fast4Ward is SBM Offshore’s program aimed to standardize the FPSO construction and delivery process, thus reducing cost and speeding up the time to the market by up to 12 months. Continue reading
Aug 7, 2019 The ANP approved the extension of the drilling decision point deadline and the deadline of the Discovery Evaluation Plan (DEP) of well 1-BRSA-1175-CES (Tango), in the POT-M-665 block, in deep waters in the Potiguar Basin, on the Brazilian equatorial margin. The discovery well drilling was conducted by Diamond Offshore's semi-submersible Ocean Courage.... Continue Reading →
Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) is studying the creation of a subsidiary comprised of around 15 power plants, which could then be sold through an initial public offering, analysts at XP Investimentos said in a report sent to clients on Tuesday. Analysts at the Sao Paulo brokerage led by Gabriel Fonseca wrote... Continue Reading →
August 5, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/05/2019, informs the beginning of the binding phase related to the sale of all its stakes in the Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin. Qualified parties for... Continue Reading →
Aug 5, 2019 Petrobras will soon contract a new 3D seismic campaign with nodes for the Santos Basin pre-salt cluster. After Libra and Buzios, the oil company will seek services to cover almost the entire field of Lula. It is estimated that the tender will be released within 30 days. The details are still being... Continue Reading →
Brazil Energy Insight 