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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 →
Rio de Janeiro, May 27, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure phase (Teaser), related to the sale of its total equity interest in 27 mature onshore fields, including shared production outflow and treatment facilities located in Espírito Santo, in the Municipalities of São Mateus, Jaguaré, Linhares... Continue Reading →
13/05/2019 Petrobras reports that it has started the opportunity disclosure stage (Teaser) relating to the sale of its 93.7% interest in Breitener Energética S.A. Breitener Energética has two Thermoelectric Units (UTE), UTE Breitener Tambaqui S.A. and UTE Breitener Jaraqui S.A., located in Manaus, totaling 315 MW of installed capacity. The plants have a contracted capacity... Continue Reading →
5/9/2019 In line with the government's proposal to reduce the state monopoly in the gas sector, Petrobras decided to put up for sale the remaining stake in the country's two main gas pipelines, whose control was recently transferred to private partners. The state-owned company has stakes of 10% in NTS and TAG, which control the... Continue Reading →
Rio de Janeiro, May 6, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser), related to the sale of its 34% stake in Compañia MEGA SA ("MEGA"), through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). The other shareholders are Repsol YPF with 38% and Dow... Continue Reading →
