Rio de Janeiro, July 5, 2019 - Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, regarding the sale of Liquigás Distribuidora SA, clarifies that this divestment project is in the binding phase, as disclosed to the market in June 20, 2019. In the previous phase of the project, Petrobras... Continue Reading →
Petrobras announces teaser for sale of E&P assets in the Espirito Santo Basin
Rio de Janeiro, July 5, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), related to the sale of its entire working interest in Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin, including the shared... Continue Reading →
Petrobras informs about payment of Interest on Capital
Rio de Janeiro, July 05, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that in connection to the press released of May 7th, 2019 is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The gross value to be distributed, totaling R$ 1,304,420,126.10, corresponds to a gross amount... Continue Reading →
Prosafe takes delivery of Safe Eurus flotel bound for Brazil
Offshore accommodation rigs operator Prosafe has taken delivery of its newbuild unit Safe Eurus from a shipyard in China. Built by China’s COSCO, the Safe Eurus is an advanced and flexible accommodation rig for worldwide operations, excluding Norway. Prosafe said on Thursday that the Safe Eurus will shortly begin mobilization to Brazil to start its... Continue Reading →
Subsea works at Gato do Mato progressing – Shell
July 3, 2019 Shell is expected to receive pre-FEED (pre-pre-detail engineering) pre-FEED (Risers, Umbilicals and Flowlines Submarine) and SPS (Underwater Production System) pre-FEED for the Gato do Mato project in the pre- of the Santos Basin. The oil company passed the suppliers two scenarios, one with three wells and one with four wells. The scope... Continue Reading →
Petrobras announces public offering of shares of Petrobras Distribuidora
July 3, 2019 Petrobras announced the notice to the market and the preliminary prospectus of the public offer of secondary distribution of common shares issued by Petrobras Distribuidora S.A. (BR) and owned by Petrobras. The operation follows the terms of CVM Instruction No. 400/2003, CVM Instruction 471/2008 and the Code of Agreed Activities of ANBIMA... Continue Reading →
Petrobras announces start of non-binding phase for the sale of onshore fields of Recôncavo Cluster
Rio de Janeiro, July 3, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in 14 onshore exploration and production concessions, located in Bahia state, jointly designated as Recôncavo Cluster. Interested parties qualified for... Continue Reading →
Refining off the radar of the big oil companies
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 →
Petrobras announces commencement of cash tender offers
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
China is the main destination for Petrobras crude oil exports
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 →