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Petróleo Brasileiro S.A. - Petrobras informs that today the plenary composition of the Supreme Federal Court (STF), by majority vote, denied the preliminary injunction request formulated by the Federal Senate and Congress comitees regarding the Complaint 42576 to suspend the processes of divestment in refining and their respective logistic assets. Therefore, the company will continue... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the adhesion to the ICMS debt and interest penalty reduction programs (Amnesties), according to the CONFAZ regulations ICMS 146/2019 and 51/2020, instituted by the states Espírito Santo and Rio de Janeiro, respectively. The total amount of contingencies to... Continue Reading →
ExxonMobil’s Payara development, for which approval seems imminent, will see a commitment of US$3.6B this year from the oil major, says Norwegian business intelligence firm, Rystad Energy. Meanwhile, a model from the Inter-American Development Bank (IDB), in its recent report titled ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity’, pegs the cost of the Payara field... Continue Reading →
(Reuters) - Liquefied natural gas firm Hygo Energy Transition Ltd HYGO.O has postponed its planned New York initial public offering for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, two sources familiar with the matter said. Eduardo Antonello, who has not been... Continue Reading →
Oil & gas production in Brazil was practically stable in August, according to data made available by the National Petroleum Agency (ANP). According to the agency, the country ended the period with 3.078 million barrels per day produced, a slight increase of 0.28% compared to the previous month. Natural gas, on the other hand, had... Continue Reading →
PetroRio received endorsement from the ANP to act as a natural gas trader, with the exception of LNG and CNG in bulk, and seller of the energy source, according to the agency's authorization and dispatch. PetroRio owns 10% of the Manati gas field, in Bahia, operated by Petrobras. Portion corresponds to a reserve of 3... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated September 29, 2020, and further to the notice disclosed on August 3, 2020 about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the São Sebastião do Passé-BA, and São... Continue Reading →
The week starts with lots of news about the Mero field, in the Santos Basin pre-salt. Petrobras announced it has applied with Ibama for the Installation License for the FPSO Sepetiba, the second definitive production unit in Mero. Earlier, as we reported, the state company announced that it obtained the license to install the second... Continue Reading →
The cost to Brazil’s government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile. Treasury also said it is monitoring the short-term, floating rate “LFT” market closely, and expects it to... Continue Reading →
The development stage of the Mero field, within the Libra area, will enter a new phase. Petrobras obtained the environmental license for the installation of the asset's second Early Production System (SPA 2), located in the Santos Basin. The document was issued this month by the Brazilian Environmental Institute (Ibama) and will be valid for... Continue Reading →
