Dec 15, 2016 In addition to celebrating the mark of 1 billion barrels of oil produced in the pre-salt, Petrobras achieved another important achievement in the region: the Rota 2 gas pipeline reached the volume of 2 billion cubic meters of gas exported. The mark was obtained on November 15, nine months after the... Continue Reading →
Petrobras Biocombustível closes deal for the incorporation of Nova Fronteira by São Martinho S.A
Rio de Janeiro, December 15, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) closed, on this date, with group São Martinho S.A. (“São Martinho”) an Agreement (Acordo de Incorporação e Outras Avenças) under which Nova Fronteira Bioenergia S.A. (“Nova Fronteira”), in which PBIO holds 49% participation, will... Continue Reading →
Petrobras -Oil and natural gas production in November
Rio de Janeiro, December 15, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in November was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million were produced in Brazil and 0.12 million boed abroad. Average oil production in the country was 2.23... Continue Reading →
Pre Salt – World record with 1 billion barrels in 6 years
12/15/2016 | 09h03 TN Petroleo Petrobras and partners celebrated, on Wednesday (14/12), a historical mark: the total of 1 billion barrels of oil produced in the pre-salt. This accumulated production occurs only six years after the entry of the first production system in the Santos Basin, in the Lula field, and ten years after... Continue Reading →
ABB PROVIDES ELECTRIC MODULE FOR MODEC FPSO DESTINED TO TARTARUGA VERDE AND MESTIÇA FIELDS
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 Energy Insight 