Rio de Janeiro, March 19, 2019 – Petróleo Brasileiro S.A. - Petrobras announces that today it concluded the offering of securities in the international capital market (Global Notes) in the amount of US$ 3 billion, with US$ 750 million from the reopening of the 2029 notes and US$ 2,25 billion from the issuance of the... Continue Reading →
Brazil Expects Petrobras Reserves Payout Above $18 Billion
Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more... Continue Reading →
PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF ITS ANY AND ALL OFFER
RIO DE JANEIRO, BRAZIL – March 19, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offer to purchase (the “Offer”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of any and all of its outstanding notes set forth in the... Continue Reading →
Petrobras Starts Production of P-77, the fourth platform of Búzios field, in the pre-salt of Santos Basin
Rio de Janeiro, March 19 , 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started today the production of oil and natural gas of P-77, the fourth platform to be put into production in the Búzios field. Búzios field, in the pre-salt of the Santos Basin, was discovered in 2010 and is... Continue Reading →
Queiroz Galvão E&P proposes a change of name to Enauta
03/19/2019 The oil company QGEP, of construction company Queiroz Galvão, is due to change its name to Enauta, according to a proposal approved by the company's board of directors, which will be submitted to deliberations at meetings in April, a company statement said Monday. "The company has decided to reshape its brand in order to... Continue Reading →
Equinor programs hiring for Carcará
Equinor will launch in June tenders for the Engineering (Feed) for the FPSO, subsea and Surf of the Carcará development project in the Santos Basin cluster. The oil company's goal is to close all three processes in 2019, possibly in December. The Norwegian company will not specify any technical alternatives, leaving the companies free to... Continue Reading →
Changes in Petrobras and BR Distribuidora Administration
Petrobras informs that its CEO Roberto Castello Branco appointed Ms. Andrea Marques de Almeida as Chief Financial and Investor Relations Officer of the company and Mr. Rafael Salvador Grisolia as CEO of Petrobras Distribuidora (BR). The nomination of the new Officer shall be subject to the internal corporate governance procedures, including the compliance and integrity... Continue Reading →
Petrobras prepays debts
Rio de Janeiro, March 18, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that on 03/15/2019 it prepaid Export Credit Notes with Banco do Brasil, in the amount of R$ 7.0 billion, with maturity in 2022. The transaction is in line with Petrobras' Resilience Plan and the company's liability management strategy to improve the amortization... Continue Reading →
Petrobras / Approval of the Production Individualization Agreement of Lula’s Joint Reservoir – Santos Basin
Rio de Janeiro, March 18, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has been notified by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on the approval of its proposal for a Production Individualization Agreement (AIP) of Lula's joint reservoir located in the Santos Basin. Lula's Joint Reservoir comprises of... Continue Reading →
Petrobras receives license from Ibama to produce with P-77 FPSO
Petrobras receives license from Ibama to produce with P-77 FPSO March 15, 2019 Petrobras has been granted by Ibama an operating license for production on FPSO P-77, which is installed in the Búzios field, in the Santos Basin pre-salt. The license is valid until March 2023. The company intends to put the unit into operation... Continue Reading →
Brazil Energy Insight 