Dec. 13, 2016 Swiss company ABB has completed the installation of the electric module, the so-called E-house, in the FPSO Cidade de Campos dos Goytacazes (MV29), which is being built by Japan's Modec. The unit will be used in the fields of Tartaruga Verde and Mestiça fields in the Campos Basin, where it can... Continue Reading →
Petrobras – Divestment Systematic
Rio de Janeiro, December 8, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that the preventive order issued by the Brazilian Federal Accounting Court (TCU), yesterday, about Petrobras’ Divestment Systematic, authorized the continuation of the five processes that are in final negotiation. The Federal Accounting Court has also established that the Company should abstain from... Continue Reading →
Petrobras ordered to suspend divestiture programme
Court allows deals nearing completion to be finalised but further sales put on hold Reuters 8 Dec 2016 Brazil's federal auditing court (TCU) asked state-controlled oil company Petrobras on Wednesday to temporarily suspend its divestiture programme while the court reviews asset sales procedures. The decision could delay Petrobras efforts to raise $15.1 billion from asset... Continue Reading →
The next ANP bidding round…
Unitization Petrobras and Statoil will act as one in the next round of bids which ANP foresees to be scheduled for the first semester of 2017. The duo promise to be aggressive on the auction of two assets: the block adjacent to Carcara , already operated by the Norwegians, and the adjacent area to Sapinhoa... Continue Reading →
Petrobras -Sales Process of Petrobras Distribuidora and Onshore Fields
Rio de Janeiro, December 5, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that today became aware of two decisions of the federal court of Sergipe state that granted injunctions in actions to suspend the divestment processes of the interest of its subsidiary BR Distribuidora and of the transfer of rights of oil and natural... Continue Reading →
Brazil’s Petrobras raises diesel, gasoline prices
Dec 5 Brazil's state-run oil company Petróleo Brasileiro SA (Petrobras) said on Monday it will raise prices for diesel and gasoline at its refineries in the country as of Dec. 6. Petrobras said it will increase diesel prices by 9.5 percent and gasoline by 8.1 percent. The company said the adjustments were made after a... Continue Reading →
Brazil court blocks sale of Petrobras fuels distribution unit
Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program... Continue Reading →
Petrobras – Extraordinary General Meeting approved the sale of stake in Nova Transportadora do Sudeste, among other matters
Rio de Janeiro, November 30, 2016 - Petróleo Brasileiro S.A. - Petrobras announces that today, the Extraordinary General Meeting of Shareholders (EGM) approved the sale of 90% of its stake in Nova Transportadora do Sudeste (NTS), for USD 5.194 billion, to fund Nova Infraestrutura Fundo de Investimento em Participações, managed by Brookfield Brasil Asset Management... Continue Reading →
Temer: New pre-salt rules will re-energise sector and create jobs
Law signed by the President this Tuesday (29 November) gives Petrobras the right, but not the obligation, to participate in exploration blocks Published: Nov 29, 2016 09:03 PM President sanctions new pre-salt regulations during a ceremony at the Presidential Palace The new regulatory framework for the pre-salt layer will re-energize and give new impetus... Continue Reading →
BW Offshore Prepares Bid for Two Petrobras Projects
Posted by Michelle Howard November 28, 2016 * Floating oil production, storage and offloading (FPSO) firm BW Offshore is bidding on contracts for the Libra 1 and Sepia oilfields offshore Brazil * CEO Carl Arnet says expects to deliver tenders to Petrobras on Libra I in December and on Sepia in January * CEO Arnet... Continue Reading →
Brazil Energy Insight 