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Fitch Ratings on Tuesday lowered its outlook on Brazil’s credit rating to negative from stable, the latest indication of the severe economic and financial damage being wrought on Latin America’s largest economy by the coronavirus pandemic. Maintaining its “junk-status” BB-minus sovereign credit rating, Fitch said Brazil’s economy is on course to shrink 4% this year... Continue Reading →
May 5, 2020 Petrobras asked Cade for authorization to acquire Equinor's stake in block ES-M-596, in deep waters of the Espírito Santo Basin. The block is operated by the state company with a 50% stake, in partnership with the Norwegian company, which holds the remaining 50%. Source: PetroleoHoje
May 5, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on March 10, related to the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras System Petros plans (PPSP-R and PPSP-NR), informs that obtained the approval by the Secretariat for Coordination and Governance of State-Owned Companies (SEST)... Continue Reading →
May 5, 2020 ANP published the Monthly Bulletin of Oil and Natural Gas Production with detailed data for March 2020. This month, 3,739 MMboe / d (million barrels of oil equivalent per day) were produced, of which 2,973 MMbbl / d ( million barrels per day) of oil and 122 MMm3 / d (million m3... Continue Reading →
Spain's Repsol reported a 28% fall in first-quarter profit on Tuesday, becoming the latest oil and gas company to show the deep damage done to its balance sheet by the coronavirus laying waste to energy demand. Oil prices fell 65% in the period as restrictions on movement to halt the spread of the virus paralyzed... Continue Reading →
Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said. Cairn said on Tuesday operations had been completed at the Eni-operated Ehecatl-1 exploration well in the Sureste Basin. Cairn has a 30% working interest in the offshore block through its subsidiary Capricorn... Continue Reading →
French energy major Total promised to pay a steady cash dividend and said it can break even with low oil prices after the impact of the coronavirus outbreak and a collapse in fuel demand led to a 35% first-quarter profit fall. It also raised its climate ambitions, saying it aims to reach net-zero emissions from... Continue Reading →
May 04, 2020 – Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on March 18 , 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), informs the reopening of the analysis and qualification phase for potential buyers, which will extend until May 15, 2020. The adjusted... Continue Reading →
May 04, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on January 31 , 2020, announces the beginning of the binding phase regarding the sale of all of its shares in the companies Eólica Mangue Seco 1 and Eólica Mangue Seco 2, owners of wind farm generation plants. The company... Continue Reading →
Brazil produced 2.973 million barrels per day of oil in March, up 0.1% from February and up 16.1% from the same month a year before, national oil regulator ANP said on Monday. The figures suggest that production cuts announced at the end of March by state-run oil giant Petroleo Brasileiro SA had a relatively modest... Continue Reading →
