Rio de Janeiro, May 30, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that, today, obtained a unanimous favorable decision from the Federal Regional Court of the 5th Region, maintaining the prior decision from the Federal Justice of Sergipe, regarding the proceed of the sale of its wholly-owned subsidiary Liquigás Distribuidora S.A. (“Liquigás”). The sale... Continue Reading →
Brazil court orders Petrobras to supply natural gas to Eletrobras
A Brazilian court ordered state-controlled oil firm Petróleo Brasileiro SA to sell natural gas to Centrais Elétricas Brasileiras SA despite the power utility's billionaire debt with the oil company. Eletrobras, as the state-controlled utility is known, plans to use the gas to begin testing a thermal power station under construction in the Amazon region that... Continue Reading →
PETROBRÁS RECEIVES APPROVAL FOR ITAPU DEVELOPMENT PLAN
May 29, 2017 The Itapu field, part of the Onerous Cession and located in the Santos Basin pre-salt, will receive an FPSO with the capacity to produce 120,000 barrels of oil per day. Petrobras, which operates the area, has received approval from the ANP for the field development plan. The FPSO is expected to be... Continue Reading →
Petrobras takes DOF’s anchor handler for one year
DOF informed in an Oslo Stock Exchange filing on Monday that the anchor handling tug and supply vessel Skandi Admiral has been awarded a one-year contract with the Brazilian state-owned oil company Petrobras. The shipping company said that the contract will start by the end of May or in early June. The 1999-built Skandi Admiral is... Continue Reading →
Petrobras tries to recover market share
Monday, 29 May 2017 Petrobras' decision to reduce the average gasoline price by 5.4% and the average diesel price by 3.5% on Thursday night was motivated by a market recovery strategy rather than a fuel prices adjustment to the international market. Seven months after the launch of the new pricing policy, the company has still... Continue Reading →
BIDDING FOR MAINTENANCE OF 13 PETROBRÁS PLATFORMS CAN BE THE START OF THE RETURN OF THE SERVICES MARKET
May 26, 2017 The bidding launched by Petrobras for the maintenance of 13 platforms is causing the market to move. There are many companies interested in the construction and assembly service for the platforms that are operating in the Campos Basin. This round is being possible because the new contractors will replace Odebrecht Oil and... Continue Reading →
Petrobras will exercise preemptive rights in just three out of eight prospects to be offered at the two pre-salt auctions
By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Brazil (Reuters) - Faced with financial restrictions, Petrobras announced on Thursday that it will exercise preemptive rights in just three out of eight prospects to be offered at the two pre-salt auctions, under a divestiture regime, in October. Petrobras estimated the amount of... Continue Reading →
Brazil’s Petrobras cuts gasoline price by 5.4 pct
May 25 Brazil's state-run oil company Petroleo Brasileiro SA said on Thursday it decided to reduce the average price of gasoline at its refineries by 5.4 percent and diesel prices by 3.5 percent. (Reporting by Alonso Soto; Editing by David Gregorio)
Petrobras approves execution of Term Sheet with the company Carioca Engenharia to remove provisional ban
Rio de Janeiro, May 26, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that yesterday its Executive Board approved the execution of a Term Sheet with Carioca Engenharia, providing for a set of integrity obligations for this company, to enable the removal of the provisional ban imposed by Petrobras since December 29, 2014, as disclosed... Continue Reading →
Petrobras – Exercise of Preferential Right in the Second and Third Bidding Rounds for areas under Production Sharing Regime
Rio de Janeiro, May 25, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it submitted today to the National Energy Policy Council (CNPE) its first formal statement in connection to the preferential right for the second and third bidding rounds for exploration blocks under the production sharing regime, pursuant to Law 12.351/2010 and Federal... Continue Reading →
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