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June 17, 2019 Petrobras has made its biggest discovery in the Sergipe since the pre-salt in 2006. Of six fields, it expects to extract 20 million cubic meters a day of natural gas, equivalent to a third of the total Brazilian production. Reported last month, the finding is expected to generate $ 7 billion in... Continue Reading →
June 17, 2019 Petróleo Brasileiro SA - Petrobras, regarding the news published in the media, related the discovery of natural gas in the Sergipe Basin, clarifies that, in recent years, six deepwater discoveries have been confirmed in the Sergipe Basin: Cumbe, Barra, Farfan, Muriú, Moita Bonita and Poço Verde, as already disclosed to the market.... Continue Reading →
Rio de Janeiro, June 14, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/12/2018, informs that the General Arbitration Court of the Buenos Aires Stock Exchange ("Arbitral Tribunal") acknowledged the withdrawal of the arbitration initiated against the company (and other legal entities and individuals) by Consumidores Financieros Asociación Civil... Continue Reading →
Rio de Janeiro, June 14, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on May 29, 2019, informs that the 24th Federal Court of Rio de Janeiro revoked the injunction that suspended the sale of 100% of its shares in Araucária Nitrogenados SA (Ansa) and the Nitrogen Fertilizer Unit III... Continue Reading →
June 14, 2019 At least four foreign oil companies are closely monitoring the Transfer of Rights oil surplus auction. The multinationals BP, Shell, Total and Petrogal have officially expressed some concerns about how the financial compensation will be paid to Petrobras and recently sent to the Ministry of Mines and Energy (MME) some contributions to... Continue Reading →
Rio de Janeiro, June 13, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/25/2019, informs that it has closed the sale of 90% of its stake in the Transportadora Associada de Gás S.A. ("TAG") to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement... Continue Reading →
Rio de Janeiro, June 12, 2019 - Petróleo Brasileiro S.A- Petrobras informs that its Executive Board approved a revision in the frequency of readjustments in the prices of diesel and gasoline marketed in its refineries. From now on, the price readjustments of diesel and gasoline will be carried out without defined frequency, according to market... Continue Reading →
June 12, 2019 Petrobras is expected to complete the study in September to enable the joint venture (JV) with CNPC, which will be responsible for completing Comperj in Itaboraí (RJ). The information is from the president of the company, Roberto Castello Branco. The JV's formation is foreseen in an agreement signed by the oil companies... Continue Reading →
June 12, 2019 Petrobras President, Roberto Castello Branco, said the company intends to invest $ 105 billion and raise between $ 30 billion and $ 35 billion with the divestment program over the next five years. The figures give a sign that the company expects to increase asset sales and how much the oil company... Continue Reading →
Rio de Janeiro, June 11, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2019, regarding the sale of its 93.7% interest in Breitener Energética S.A., informs that the deadlines for expression of interest and execution of the Confidentiality Agreement were postponed for 06/14/2019 and 06/21/2019, respectively, in view of... Continue Reading →
Brazil Energy Insight 