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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 →
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 →
Brazil Energy Insight 