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(PetroNoticias) With results below initial expectations, Petrobras turned to the National Petroleum Agency (ANP) to ask for more time for exploration and evaluation activities in the Sagitario area (Block S-M-623), in the Santos Basin. The regulatory agency accepted the request and extended the exploration period in the region to March 5, 2024. With more time... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the material facts dated as 8/26/2020 and 6/11/2021, informs its shareholders and the general public that, it filed the registration statement with the Brazilian Securities Commission (CVM) on the date hereof of the secondary public offering of common shares issued by the Petrobras Distribuidora S.A. (BR) and... Continue Reading →
(Reuters) - Brazil’s central bank delivered its third consecutive interest rate increase of 75 basis points on Wednesday and raised the specter of larger hikes ahead as it returns to “neutral” rates, dropping plans for a “partial” normalization of policy. With economic growth much stronger than many had expected and inflation forecast above the central... Continue Reading →
(PetroNoticias) The interest in the 17th Bidding Round, which is scheduled for October 7, should focus on three blocks in the Santos Basin that are cut by the 200 nautical mile limit. According to data presented by the National Petroleum Agency (ANP), the three areas together have volumes of more than 7 billion barrels oil.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Pré-sal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 26, 2020, informs that it sent today to Petrobras Distribuidora S.A. (BR) a letter requesting cooperation to implement the secondary public offering (follow on) for the sale of its remaining 37.50% interest in the capital stock of that company whose execution will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved, on that date, the mentioned operation, by means of a secondary public... Continue Reading →
Petrobras has the approval of the Brazilian antitrust agency for the sale of its Landulpho Alves (RLAM) refinery, in Bahia, to Mubadala Investment Company, a sovereign fund of the Abu Dhabi government. The Administrative Council for Economic Defense (Cade) approved the transaction without restrictions, according to a publication in the Federal Official Gazette this Wednesday... Continue Reading →
(TNPetroleo) After the unsuccessful attempt to auction off the production surpluses from the Sépia and Atapu pre-salt blocks, on November 6, 2019, the government decided to carry out a broad change in the parameters that guide the supply of these areas. Either directly, through the significant reduction of government participation in the revenue that will... Continue Reading →
Oil and gas company Tullow Oil has completed the sale of its Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy. Tullow Oil said on Wednesday that it had already received a payment of $39 million for the Dussafu asset earlier in the day as well as a $5 million contingent consideration relating to... Continue Reading →
Brazil Energy Insight 