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July 1, 2019 The process of selling part of Petrobras' refineries should not attract the interest of big oil companies, but rather of fuel distributors and refining operators. The opinion was presented by the deputy minister and former Minister of Mines and Energy of the government Michel Temer, Fernando Coelho Filho (DEM-PE), during an event... Continue Reading →
July 1, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to repurchase certain of its outstanding U.S. Dollar-, Euro- and Pound Sterling-denominated notes (the “Tender Offers”). Continue reading
June 28, 2019 As part of the strategy to develop new markets and add value to the export of pre-salt oil, Petrobras inaugurated a crude oil tanking facility in Qingdao Port, in the Chinese province of Shandong. The choice of location is strategic: China accounts for 75 percent of the volume of crude oil the... Continue Reading →
June 27, 2019 Petrobras is released by the ANP to begin the operation of the P-68 platform, which will produce in the Berbigão and Sururu fields, in the pre-salt of the Santos Basin. The agency's board authorized the extraordinary gas burning, for 180 days, required to start the unit's (commissioning) processing plant. The company now... Continue Reading →
Rio de Janeiro, June 28, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release issued on April 26, 2019, announces the beginning of the opportunity disclosure stage (teaser) related to the sale of refining and associated logistics assets in Brazil. The divestments account for about 50% of the national refining capacity, with... Continue Reading →
June 26th, 2019, 8:35 PM Petrobras Chief Financial Officer Andrea Marques de Almeida discusses the company's business plan with Bloomberg's Romaine Bostick, Joe Weisenthal and Caroline Hyde on "Bloomberg Markets: What'd You Miss?" (Source: Bloomberg) See video: https://www.bloomberg.com/news/videos/2019-06-26/petrobras-working-on-cutting-debt-and-progressing-on-divestments-cfo-says-video
Caixa Economica Federal raised about 7.3 billion reais (S$2.57 billion) by selling a stake in oil and gas giant Petroleo Brasileiro SA (Petrobas) as Brazil's biggest state-owned lender works to help the government reduce its debt. Caixa sold about 241.3 million shares at 30.25 reais apiece, according to a person familiar to the matter who... Continue Reading →
June 26, 2019 Yinson and Modec are expected to take the FPSOs from the first and second phases of the Marlim revitalization program, respectively. The formula for the calculation of the total value of the contracts (TVC) indicated that the Malaysian operator was ranked the best for lot A with a daily rate of US... Continue Reading →
Rio de Janeiro, June 26, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/11/2019, announces the beginning of the non-binding phase for the sale of 93.7% of its interest in Breitener Energética S.A., located in the state of Amazonas. The potential investors qualified for this phase will receive instructions... Continue Reading →
Rio de Janeiro, June 25, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release dated June 13, 2019, informs that it will hold a new round of final offers for the sale of Enchova and Pampo clusters, a set of producing fields located in the Campos Basin. This new round aims to... Continue Reading →
Brazil Energy Insight 