Rio de Janeiro, December 7, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its Executive Group of Market and Prices (GEMP) has decided to review the methodology that has been applied to the price readjustments of LPG for residential use, sold in cylinders of 13 kg. The methodology to be defined will seek to... Continue Reading →
NTN GAS PIPELINE NETWORK PURCHASE PROPOSALS TO BE DELIVERED NEXT WEEK
The proposals for the purchase of 90% of the network of more than 3 thousand kilometers of pipelines in the Northeast, NTN, are scheduled for next Tuesday. This network the transports and stores natural gas for the north and northeast of Brazil. Petrobras expects to raise at least U$ 6 billion from this sale.... Continue Reading →
Petrobras receives more than R$ 650 million recovered by Operation Car Wash
Rio de Janeiro, December 7, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation. With this return, the total amount of resources transferred to Petrobras since the beginning... Continue Reading →
Total is the first private pre-salt production operator
December 7, 2017 The ANP board approved the transfer of 35% of Petrobras' stake and the operation of the Lapa field, in the pre-salt Santos Basin, to Total. The agency's board decided to segregate the Lapa development area into a new concession agreement. The acquisition of 35% of the field of Lapa is part of... Continue Reading →
Worker dies aboard Petrobras 10000 drillship in Gulf of Mexico
A worker died in an incident aboard the Petrobras 10000 drillship in the U.S. Gulf of Mexico last week. Brazilian oil company Petrobras said the crewmember passed away early Saturday, December 2, 2017, “as a result of an incident. Read more
Pre-payment of debt and New Financing with China Development Bank
Rio de Janeiro, December 5, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed yesterday with China Development Bank (CDB) a financing agreement of US$ 5 billion with maturity in 2027. On the same date, Petrobras also signed a commercial agreement with Unipec Asia Company, establishing a preferential supply of 100 thousand... Continue Reading →
Brookfield sees very large appreciation of assets in Brazil in 5 to 10 years
RIO - The assets that Brookfield acquired in Brazil, such as the Nova Transmissora do Sudeste (NTS), or in other investments in the country, such as new transmission lines, should have a "very large" appreciation in five to ten years, according to the company's head of operations in Latin America and executive director of Brookfield... Continue Reading →
Libra to have its first oil shipment in early January, says Petrobras
Petrobras predicts that the first shipment of oil produced in the Libra area in the Santos Basin pre-salt will take place in early January, said the company's chief operating officer, Fernando Borges. Libra, which started operations last week, is currently producing about 17,500 barrels of oil per day and is expected to reach an... Continue Reading →
Petrobras makes first big service tender after Lava – Jato
Petrobras will reform 75% of its platforms in the Campos Basin, an investment of R $ 3 billion in the first big service tender since 2014 when Lava - Jato started. The estimate is that the investment will create 3,000 jobs mainly in the Macae region according to Abespetro's projections, the association of companies providing... Continue Reading →
Blackstone Offers $6 Billion for Petrobras Pipeline
Blackstone Group has teamed up with its Brazilian partner to compete for Petroleo Brasileiro SA’s natural gas pipeline network in the country’s northeast, said people with knowledge of the matter. Blackstone and Patria Investimentos Ltda are one of at least three groups that have made non-binding offers up to $6 billion to acquire the asset, the people said, asking... Continue Reading →
Brazil Energy Insight 