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Petrobras approves Debentures Public Offering — Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro SA - Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil ("CVM"), hereby informs that the Board of Directors, in a meeting held today, approved the... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras announced today the pricing of the secondary public offering of shares of Petrobras Distribuidora S.A. (“BR Distribuidora”). Petrobras’s Board of Directors approved today the sale of 349,500,000 shares in BR Distribuidora, including 58,250,000 additional shares as part of Petrobras’s option to increase the... Continue Reading →
July 23, 2019 Petrobras has launched the tender documents for the chartering of the Itapu and Mero 3 FPSOs, Santos Basin production systems designed to go into production in 2023 and 2024, respectively. As in the previous cases of Libra production units, Mero 3 is conducted under the letter of invitation regime. Petrobras demands an... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding in the amount of about R$ 5.22 billion, which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment... Continue Reading →
July 22, 2019 Operators are expected to drill approximately 250 development wells by 2020, a quarter of which (65) in the Santos Basin, according to ANP projections. The other basins with development commitments planned for next year are Potiguar (53), Sergipe (46), Campos (41), Espírito Santo (29), Recôncavo (13), Parnaíba (3) and from Alagoas (3).... Continue Reading →
The Brazilian offshore drilling firm Constellation has been awarded three new contracts with Petrobras for its offshore drilling rigs. Constellation said Monday that Petrobras had hired its three ultra-deepwater semi-submersible drilling rigs Alpha Star, Gold Star, and Lone Star. The contracts are for two years each. All three rigs entered service in the 2010-2011 period.... Continue Reading →
The Enchova and Pampo clusters include ten fields, but not all produce Trident Energy has submitted the best offer of US $ 1 billion for the acquisition of the fields that encompass the Enchova and Pampo clusters in the shallow waters of the Campos Basin. This is the third time Petrobras has tendered the areas.... Continue Reading →
July 19, 2019 The Brasfels shipyard, in Angra dos Reis (RJ), will no longer complete and integrate the FPSO Carioca modules, contracted by Petrobras to Modec to operate in the Sepia field, in the Santos Basin. Contrary to what was originally planned, the modules under construction in Brazil will be taken to China to be... Continue Reading →
July 19, 2019 – Petróleo Brasileiro S.A. - Petrobras informs that in the scope of the bidding process for total disinvestment of Petrobras' interests in Pampo and Enchova Poles in Campos Basin, Trident Energy has delivered the best final bid for assets acquisition. Regarding media reports about this operation, the Company clarifies that the price... Continue Reading →
Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final “re-bid” for two oilfields, three sources with knowledge of the matter said. Petrobras, as the Brazilian state-run oil company in known, will fetch nearly $1 billion, two of the sources said. The firm received... Continue Reading →
Brazil Energy Insight 