Rio de Janeiro, February 23, 2017 - Petróleo Brasileiro S.A. - Petrobras, in addition to material fact of 12/15/2016, announces that its wholly owned subsidiary Petrobras Biocombustível S.A. ("PBIO") concluded today the incorporation of the Nova Fronteira by São Martinho S.A. The operation was completed with the receipt, by PBIO, of 24 million new ordinary... Continue Reading →
PETROBRAS Disclosure of Relevant Shareholding Position
Rio de Janeiro, February 24, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of February 22, 2017 it manages share interests... Continue Reading →
Sale of refineries in Petrobras radar
Petrobras board members are warming up to include the refining area in the divestment plan of the company’s assets. Among the sympathizers of the idea is the president of Petrobras, Pedro Parente, and CFI, Ivan Monteiro. The latter certainly stimulated by the impact the inclusion would have in reducing company debt and in the... Continue Reading →
Petrobras suspends charter payments for ‘Arendal Spirit’
zoomArendal Spirit at the Campos basin; Image source: Teekay Brazilian oil company Petrobras has suspended charter payments for the Arendal Spirit flotel, owned by Teekay Offshore Partners. This was revealed by Teekay on Thursday in its financial report. Teekay said the Arendal Spirit experienced an operational incident relating to its dynamic-positioning system in November 2016.... Continue Reading →
PetroquímicaSuape and Citepe Sale Process
Rio de Janeiro, February 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material fact disclosed on January 31, 2017, informs that a Regional Federal Court issued a decision today to grant suspensive effect to Petrobras' appeal in the divestment project regarding the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia... Continue Reading →
Exclusive: Brazil’s Petrobras denies Eletrobras gas for new power plant
State-run oil company Petroleo Brasileiro SA (PETR4.SA) has alerted Brazil's electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region. In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais Eletricas... Continue Reading →
Rio Justice suspends Petrobras bid for pre-salt parts
The Rio Justice has ordered the suspension of the bid by Petrobras for the purchase of moorings for six platforms in the pre-salt fields of the onerous assignment. According to a newspaper article reported on the 8th, Petrobras declared a Chinese company the winner that did not comply with local content rules, regulation of... Continue Reading →
Petrobras oil and natural gas production in January
February 15, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million boed abroad. The average oil production in the country was 2.23 million barrels... Continue Reading →
Petrobras and Total
The relationship between Petrobras and Total could not be better. They are already discussing new investments under their MOU Agreement announced at the end of last year, in the order of US $ 2.2 billion. The additional contributions would mainly be in the Libra field where the overall cost estimates have already fallen by... Continue Reading →
Clarification on News: Delays in platforms built in Brazil
Rio de Janeiro, February 15, 2017 - Petróleo Brasileiro S.A. - Petrobras hereby responds to Official Letter 182/2017-SAE which requests clarification, as follows: Official Letter no. 182/2017-SAE “Dear Sirs, A news article published on the Blog website Ancelmo.com on 02/12/2017 states, among other information, that Petrobras estimates that losses with delays in the platforms built... Continue Reading →
Brazil Energy Insight 