June 10, 2019 The director general of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, said that the schedule of the three oil auctions this year is maintained and that "there is demand for it". He denied that there are discussions at the moment to postpone one of the bids, as... Continue Reading →
Petrobras divestitures gain strength
June 10, 2019 The STF decision to allow the sale of state-owned subsidiaries without the approval of the National Congress was celebrated by Petrobras, which will now have greater legal certainty to run its divestment program. " A victory for Brazil, not only for Petrobras and shows that we have a friendly environment for the... Continue Reading →
Petrobras extends contract with BHGE
June 10, 2019 Petrobras has extended logistical support contract on the movement of flexible pipe with BHGE. The agreement of R $ 250 million will last two years, with the possibility of renewal for another year. The activities will be carried out at the base of BHGE in Niterói (RJ), used by Petrobras since 2014,... Continue Reading →
Repsol Sinopec is leaving BM-ES-21
Repsol Sinopec is leaving BM-ES-21, an exploration project in partnership with Petrobras in Espírito Santo. The companies have already notified Cade of the free assignment of rights in the contract. Petrobras will assume the 11.11% of Repsol Sinopec, and will now have 100% of the contract. Between 2009 and 2014, five wells were drilled in... Continue Reading →
Petrobras prepares 3D seismic with nodes in the Golfinho field
June 10, 2019 Petrobras began licensing a proprietary campaign for 3D data acquisition, with nodes, in the Golfinho field, in the Espírito Santo Basin. The seismic campaign, planned by the company to begin in February 2021, should take 150 days. The Golfinho field was one of the first to be put for sale by Petrobras... Continue Reading →
MME – Proposal for new gas regulatory framework expected in June
The government is due to present to Congress this month the proposal for a new regulatory framework for natural gas, called "New Gas Market," said Minister of Mines and Energy Bento Albuquerque. During a ceremony to launch the Petrobras Integrated Program for Duct Protection (Pro-Ducts), the minister also said that the Brazilian government should have... Continue Reading →
PETROBRAS ANNOUNCES SECONDARY EQUITY OFFERING BY CAIXA ECONÔMICA FEDERA
RIO DE JANEIRO, BRAZIL – June 10, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR; B3: PETR3) announces that Caixa Econômica Federal (the “Selling Shareholder”), has commenced an offering of 241,340,371 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents... Continue Reading →
Petrobras Reports on the Secondary Public Offering of BR Distribuidora Shares
Rio de Janeiro, June 7, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release of 05/22/2019, informs that on this date it has submitted to the Brazilian Association of Financial and Capital Market Entities ("ANBIMA") a request for prior analysis for registration of the secondary public offering for distribution of common shares... Continue Reading →
Industry data indicate investments in the oil and gas sector in Macae
06/06/2019 | The prospect of investments in the exploration of new reserves, auctioned by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) in the last three years, together with the revitalization strategy of the mature fields, indicate the resumption of the oil and gas sector operations in Macaé. Data on the strategies of... Continue Reading →
DOF picks up contract extension in Brazil with Petrobras
Brazilian subsidiary of Norwegian offshore vessel provider DOF has received an extension for one of its vessels working in South America. DOF said on Friday that its subsidiary – Norskan – had won a one-year extension for the Skandi Hav vessel from Brazilian oil major Petrobras. Continue reading