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APR 7, 2020 The National Petroleum Agency (ANP) announced on Tuesday (7) a series of flexibilities for companies operating in the oil and gas fields. One of them is the postponement of activities foreseen in the Annual Work Program (PAT) of oil companies in 2020 for up to one year. PAT is the set of... Continue Reading →
Viper Innovations has appointed Diego Baraldi as a business development manager for the Brazilian market. Diego has an electrical engineering background and over 15 years of experience in the Brazilian offshore oil & gas sector. Continue reading
Apr 7, 2020 The production plant of the FPSO Búzios VI, scheduled to go into operation in 2024, in the area of transfer of rights, may have its capacity expanded to 225 thousand bopd, compared to the original forecast of 180 thousand bopd. The E&P area of the oil company evaluates the possibility of increasing... Continue Reading →
April 8, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors approved the creation of an Incentive Retirement Program (PAI), a new severance program aimed at employees eligible for retirement effective until 12/31/2023. The Board also approved adjustments for incentives to join the three Voluntary Severance Programs (PDVs) of the company: (i)... Continue Reading →
April 7, 2020 - Petróleo Brasileiro S.A. – Petrobras reports that it will release its quarterly production and sales report on April 27th and its financial statements report on May 14th,after the markets close. The company will held two webcasts (Portuguese and English) to present the results, according to the schedule below: May 15, 2020... Continue Reading →
April 7, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, in view of the current situation arising from the new coronavirus pandemic (COVID-19) and the restrictions imposed or recommended by the WHO and the authorities regarding displacement and meetings of people, the Company's Board of Directors, in a meeting held today, approved the cancellation of... Continue Reading →
April 7, 2019 Petróleo Brasileiro S.A. – Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company's global credit rating outlook from positive to stable, and has kept the risk level (rating) of corporate debt at "BB-". Yesterday the agency revised Brazil's global credit rating outlook to stable due to the impact of... Continue Reading →
Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be delayed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash. Payara's startup had been slated for "as early as 2023" and was expected to eventually produce... Continue Reading →
Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources with knowledge of the matter said on Tuesday. The North Sea grades bought included Balder, Flotta, and Chestnut crude, while Guyana's Liza crude was sold... Continue Reading →
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion,... Continue Reading →
