Rio de Janeiro, March 20, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that the Administrative Board of Tax Appeals (CARF) pronounced, on this date, by a casting vote, an unfavorable decision regarding fiscal administrative proceeding that addresses the collection of CIDE (base-year 2009) on remittances abroad for the payment of vessel charters, in the... Continue Reading →
Petrobras Clarification on News: Divestments
Rio de Janeiro, March 19, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that it received the Official Letter No. 133/2019 -SAE, which requests the following clarification: Official Letter no. 133/2019 -SAE “Dear all, In a report published by the newspaper “O Estado de São Paulo”, on 03/16/2019, under the heading "Guedes team defends generalized... Continue Reading →
Auction approval for Transfer of Rights surplus rescheduled for April
03/20/2019 The meeting of the CNPE that will approve the rules and the auction of the Transfer of Rights surplus will be rescheduled for the first week of April and no longer in March, as initially foreseen by the MME. According to the secretary of Petroleum, Natural Gas and Biofuels, Márcio Felix, who announced the... Continue Reading →
Tata to maintain digital operations on Seadrill’s offshore rigs
IT services company Tata Consultancy Services (TCS), part of India’s Tata Group, has been selected by offshore driller Seadrill to transform and maintain its on- and offshore digital infrastructure. TCS said on Monday that the company would support Seadrill’s IT operations on its offshore drilling rigs as well as its onshore locations. According to the... Continue Reading →
BP plans to drill four wells in the Pau Brasil area, in the Santos Basin pre-salt.
03/20/2019 BP will drill its first exploration well in Pau Brazil - area auctioned in the fifth round of production sharing - between 2021 and 2022. The British company's plan foresees the initial drilling of a well, soon after completion of the seismic evaluation work. The group will acquire spec (speculative) data for the block... Continue Reading →
Equinor Brasil president wants an open gas market
Margaret Øvrum recalls that investment depends on viability: 'With a monopoly, you do not get the right price' Norwegian Equinor (formerly Statoil), the second largest oil and natural gas producer in the country, behind only Petrobras, is waiting for a new regulation of the gas market to expand its investments in Brazil. The president of... Continue Reading →
PetroReconcavo negotiates purchase of Petrobras’ onshore fields
PetroReconcavo has begun direct negotiations with Petrobras for the purchase of a cluster of 34 oil fields in the Northeast, two oil industry sources told Reuters. Petrobras has opened negotiations with the Salvador-based company after 3R Petroleum did not receive financing for the acquisition of the fields for $ 453 million, announced at the... Continue Reading →
Petrobras – Conclusion of the US $ 3 billion offering in Global Notes
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 →
