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Aug 30, 2019 Decommissioning of platforms should generate $ 50 billion of investments for the naval industry. Rio de Janeiro will concentrate the works with the decommissioning of 21 old oil rigs installed in the Campos Basin, which need to have their equipment disassembled and uninstalled. The statement comes from the Secretary of State for... Continue Reading →
August 29, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/28/2019, reports that Modec has reported to the company that, this Thursday morning, the Salvage team boarded the FPSO Cidade do Rio de Janeiro again to proceed with the activities to prepare the decommissioning and removal of the vessel.... Continue Reading →
August 29, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/11/2019, informs the beginning of the binding phase related to the sale of its entire 34% stake in Compañia MEGA S.A. (“MEGA”), through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). Parties qualified for this phase will receive a process... Continue Reading →
Brazilian engineering and construction firm Delp will deliver subsea torpedo piles for the anchoring system designed to keep Petrobras’ Mero 1 FPSO in place. The Mero 1 FPSO will be used for oil production at Mero field, in the Libra block offshore Brazil. The Mero field is located around 180 kilometers off the Rio de... Continue Reading →
Aug 28, 2019 In addition to global oil giants such as Exxon, Shell, Total and Saudi Aramco, banks, investment funds and trading companies, also move the pieces in the game for the purchase of eight refineries that Petrobras has placed for sale. According to sources, nearly two dozen companies signed the confidentiality agreement with the... Continue Reading →
Japanese FPSO operator MODEC is working to clean up and disperse the remaining oil following an oil spill on the Petrobras-operated Espadarte field offshore Brazil last Friday. Operated by Modec and serving Petrobras since 2007, the FPSO Cidade do Rio de Janeiro ended its production cycle in July 2018 and has been in the process... Continue Reading →
August 28, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that it has been notified of final decision, without possibility of appeal, from the Administrative Board of Tax Appeals (CARF) that canceled a debt of R$ 5.9 billion in favor of the company regarding the approval of PIS and Cofins credits. The decision will result... Continue Reading →
August 28, 2019 Petróleo Brasileiro S.A. - In compliance with CVM Instruction 358/02, Petrobras reports that its Board of Directors held a meeting today and approved the incorporation of Petrobras Logística de Gás S.A. (“LOGIGÁS”). The incorporation aims at simplifying and optimizing the corporate structure of the Petrobras Group. This is an incorporation of a... Continue Reading →
August 28, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors, in a meeting held today, approved the new Shareholder Compensation Policy. The new policy aims to establish an objective parameter for the payment of earnings, providing investors with more transparency on their compensation, considering the company's indebtedness and cash flow. The... Continue Reading →
The world’s top commodity traders along with several oil majors are among the bidders for eight refineries that the Brazilian government wants to privatize, Reuters reports, citing unnamed sources. Glencore, Trafigura, and Vitol are all among the bidders, and so are Chinese CNPC and Sinopec, as well as Saudi Aramco, which has been working on... Continue Reading →
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