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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 →
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 →
Brazil Energy Insight 