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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 →
June 25, 2019 Petrobras has disqualified the Bluewater / Saipem consortium to bid for an FPSO charter for Parque das Baleias, keeping Yinson as the only competitor. The result of the qualification process was disclosed by the oil company on the 21st of June, after more than three months of analysis of the proposals. The... Continue Reading →
June 25, 2019 The technical area of the Administrative Council for Economic Defense (Cade) recommended the approval, without restrictions, of Petronas' entry into the Espadarte and Tartaruga Verde projects operated by Petrobras in the Campos Basin. The decision is part of an opinion signed by Alexandre Cordeiro Macedo, Superintendent General of Cade. Petrobras announced in... Continue Reading →
Rio de Janeiro, June 25, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in eight exploration and production concessions, located in Bahia state, jointly designated as Rio Ventura Cluster. At this stage,... Continue Reading →
June 24, 2019 EPIC Applied Technologies presented the lowest bid price to decommission the three fixed platforms of the Cação field, in the Campos Basin. The offer was US $ 30.1 million, 20% lower than that proposed by second-placed William Jacob Management (US $ 37.8 million) With headquarters in Houston, Texas, EPIC operates in the... Continue Reading →
June 24, 2019 ANP evaluates the renewal of the Roncador contract in the Campos Basin operated by Petrobras in partnership with Equinor (75% -25%), which became a partner in 2018. The extension of contracts implies the approval of new investment in the fields. - Roncador is one of the largest fields in the country, with... Continue Reading →
Rio de Janeiro, June 21, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release of May 17, 2019, hereby informs that its subsidiaries paid today the amount of approximately US$ 700 million related to the decision of the United States District Court for the Southern District of Texas that denied Petrobras’ motion... Continue Reading →
June 21, 201 The ANP rejected a request made by Petrobras and Equinor to extend the terms of the contracts for the 11th round in blocks ES-M-596, ES-M-598, ES-M-671, ES-M-673 and ES- 743, in deep waters in the Espírito Santo Basin. The oil companies were demanding the extension of the 60 day deadline established by... Continue Reading →
Rio de Janeiro, June 20, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 05/10/2019, announces the beginning of the binding phase related to the sale of Liquigás Distribuidora S.A. At this stage of the project, process letters are issued to qualified interested parties with detailed instructions about the divestment process,... Continue Reading →
June 19, 2019 Petrobras closed the year 2018 with a negative record in terms of its nominal investment volume. The company said it had disbursed $ 13.4 billion in the period. This is the lowest volume since 2006, when the state-owned company invested about $ 15.4 billion. The market, of course, felt the impact. Petrobras... Continue Reading →
Brazil Energy Insight 