Rio de Janeiro, December 28, 2018 - Petróleo Brasileiro SA - Petrobras, in addition to the material facts disclosed on 10/14/2016 and 06/30/17, informs that its Executive Board approved, yesterday, a complementary protection mechanism, aiming to give additional flexibility to the management of the diesel price policy, as it already exists for gasoline, as disclosed... Continue Reading →
Oil Watchers See $70 a Barrel in 2019 as Recession Fears Fade
The world’s biggest banks are reckoning on a rebound in oil prices next year as fears of a recession prove misplaced. The Brent benchmark will average $70 a barrel in 2019, almost a third higher than its price on Thursday, according to a Bloomberg survey of oil analysts. Futures in London and New York plunged... Continue Reading →
Petrobras – Oil and natural gas production in November
Rio de Janeiro, December 27, 2018 - Petróleo Brasileiro SA - Petrobras informs that in November its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), 2.52 million boed produced in Brazil and 100 thousand boed abroad. The total operated production of the... Continue Reading →
Growth in demand for floaters should be moderate
12/27/18 Oil and gas leaders are optimistic about the future demand for semi-submersible platforms, but, according to the IHS Markit analysis, growth should be moderate as the market is far from reaching full use of these vessels. According to the agency's Floating Rig Report and the Petrodata RigPoint database, only 48% of the floaters are... Continue Reading →
Scandal involving Brazil president-elect’s son clouds inauguration
A lingering scandal involving Brazilian President-elect Jair Bolsonaro’s son has soured his inauguration next week and tarnished the reputation of a far-right maverick who surged to victory on a vow to end years of political horsetrading. Bolsonaro, who spent nearly 30 years in Congress, takes office on Jan. 1 after a strong electoral win that... Continue Reading →
Thermoelectric plant at Porto Açu will have financing of R $ 1.76 billion from BNDES
12/27/18 The signing of the financing agreement of R $ 1.76 billion with UTE GNA I Power Generation for the implementation of a Liquefied Natural Gas (LNG) thermoelectric plant brought a novelty in financing modeling that could become a benchmark for other projects supported by the BNDES. The thermoelectric plant is one of two units... Continue Reading →
Petrobras – Request for Registration of Debentures Public Offering
Rio de Janeiro, December 26, 2018 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact published on December 18, 2018, hereby informs that it submitted to the CVM, on this date, the request for registration of the offer for public distribution of non-convertible, unsecured debentures of up to 3 (three) series, of the... Continue Reading →
Special Report: Oil output goes AWOL in Venezuela as soldiers run PDVSA
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at... Continue Reading →
Proposal for the dispute for Parque das Baleias
Dec 26, 2018 The ANP has put in public consultation the proposal of an agreement with Petrobras to close the dispute about the unification of fields of Parque das Baleias into a single asset, in this case, Jubarte. At stake is the payment of special participations (SP’s), which will be higher if several of the... Continue Reading →
Brazil prosecutors charge 42 people in alleged Petrobras bribery scheme
Brazilian prosecutors leading the so-called “Car Wash” probe on Friday charged 42 people for their role in an alleged corruption scheme involving a construction contract for state-run oil firm Petroleo Brasileiro in the state of Bahia. In a statement, prosecutors said those charged included former high-ranking officials at Petrobras and its pension fund Petros, and... Continue Reading →
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