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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 →
Rio de Janeiro, June 11, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/27/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in 27 mature onshore fields, located in Espírito Santo, jointly designated as Cricaré Cluster. At this stage of the... Continue Reading →
Rio de Janeiro, June 11, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has signed a commitment agreement with the Administrative Council for Economic Defense (CADE), which consolidates the understanding between the parties on the execution of divestment of refining assets in Brazil. The purpose of the agreement is to provide competitive... Continue Reading →
June 11, 2019 Petrobras is preparing to remodel its Gas and Energy (G & E) activities. The state company has launched a tender to hire a specialized consulting service to support the definition of the organizational structure appropriate to the business in the area, which is considered strategic for its future. In the tender notice,... Continue Reading →
June 11, 2019 Submarine equipment, vessels, rigs and platforms: the enormous network that the company maintains to develop its deepwater assets. Since the discovery of the Garoupa field in 1974, Petrobras has embarked on a successful path to developing offshore reserves, becoming a world reference in E & P in deep and ultra deep waters... Continue Reading →
Brazil Energy Insight 