Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras reports on innovations and efficiency gains related to the Libra Field. The intense collaboration between Libra area partners in the pursuit of the technologies necessary to maximize the value of the project has already allowed to reduce the break-even price of the venture... Continue Reading →
Petrobras to focus on oil E&P, alternative energy for next five years
Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on... Continue Reading →
Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
The Petrobras asset sales are far from over, and they will now include refineries. Pedro Parente, the chief executive officer on a mission to get the Brazilian oil giant back on its feet, plans to put another 40 assets on offer, worth about $42 billion, as he seeks to reduce a massive debt load and develop... Continue Reading →
BTG Pactual Commodities Conference – RJ | Nelson Silva | Chief Strategy, Organization and Management System Officer
See Attached Presentation Apresentacao-Nelson-Silva-BTG-11-04-2017 (1)
SCHLUMBERGER TO PROVIDE LIBRA FIELD SOFTWARE
April 26, 2017 Schlumberger has won a major contract in Brazil and will provide software for exploration and production in the Libra field, as well as related services. The agreement with the consortium of Libra, formed by Petrobras, Royal Dutch Shell, Total, CNOOC and CNPC, will last five years. The contract includes the supply of... Continue Reading →
Petrobras – Annual Report on Form 20F – 2016 filed
Rio de Janeiro, April 27, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it filed its Annual Report on Form 20F for the fiscal year ended December 31, 2016 (the “2016 Annual Report”). The Form 20F is an U.S. Securities and Exchange Commission (SEC) reporting requirement and should be presented annually by all foreign... Continue Reading →
Petrobras – 1st Quarter 2017 Results Release Date
Rio de Janeiro, April 26, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st quarter 2017 results on May 11, after the market is closed. Therefore, between April 27th and May 11th, the Company will be in quiet period, during which Petrobras will not be able to comment or provide... Continue Reading →
Petrobras divestment – LNG terminal Pecem/Ceara
Petrobras President Pedro Parente and Ceará Governor Camilo Santana met at the company's headquarters in Rio de Janeiro to discuss the possibilities of investing in the Pecem port regasification terminal and storage tanks for oil derivatives. According to the governor, several companies have already contacted the state expressing interest in analyzing the potential of these... Continue Reading →
ANP GIVES GREEN LIGHT FOR DEVELOPMENT PLAN OF THE SAPINHOÁ SHARED RESERVOIR
April 23, 2017 The Board of the National Agency for Petroleum, Natural Gas and Biofuels (ANP) decided to approve, during a collegiate meeting, the Integrated Development Plan (PD) of the Sapinhoá Shared Reservoir. In its decision, the agency has determined that Petrobras apply "the best practices of the oil industry in its operations" in the... Continue Reading →
Petrobras – Clarification on News: New bidding rules for the production sharing regime
Rio de Janeiro, April 20, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 166/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 166/2017/CVM/SEP/GEA-1 “Dear Sir, We refer to the news article published on 04.14.2017 in the newspaper Folha de S. Paulo, under the headline “Petrobras pode desistir de áreas do pré-sal... Continue Reading →
Brazil Energy Insight 