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Brazil’s public sector finances improved further in November, central bank figures showed on Monday, as the deficit as a share of the overall economy shrank to its smallest in over a year and the national debt fell for the third straight month. The primary deficit for the consolidated public sector, before interest payments are factored... Continue Reading →
DOF Group has made progress is negotiating with its banks and bondholders with a view to finding sustainable long-term financing structure that is aligned with the current market environment. The bondholders in each of DOFSUB07, DOFSUB08 and DOFSUB09 bond loans resolved to continue and extend the engagements on certain terms and conditions which are deemed... Continue Reading →
Seabras 1 Bermuda and Seabras 1 USA filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Filings were made to ensure an orderly process to effectuate a new restructuring plan for Seabras 1 Bermuda, while ensuring that the company’s customers will continue to be served as usual. Continue reading
December 30, 2019 Petróleo Brasileiro S.A. - Petrobras informs that signed on 12/27/2019 a Transition Agreement under the natural gas supply agreement (GSA) with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The Agreement establishes a transition period (from 01/01/2020 to 03/10/2020) in the GSA, in which Petrobras and YPFB will continue the negotiation process with the objective... Continue Reading →
Dutch geophysical services provider Fugro has entered into an agreement to acquire CGG’s 40 percent shareholding in Seabed Geosolutions. Fugro said on Monday that this would terminate the Seabed Geosolutions’ joint venture agreement effective December 30 in exchange for a cash consideration of $35 million, paid by CGG before year-end 2019. Continue reading
December 27, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/20/2019, reports that today its wholly owned subsidiary, Petrobras Biocombustível S.A. (PBio), signed a contract for the sale of its 6.07% stake in Bioóleo Industrial e Comercial S.A. (Bioóleo) to 2H Participações Societárias EIRELI, which holds the other 93.93%... Continue Reading →
December 27, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press releases disclosed on October 10, November 6 and 7, and December 11, 2019, reports that today it made the final payments in the amount of R$ 34.191 billion (thirty four billion one hundred and ninety one million reais), referring to the... Continue Reading →
December 27, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 4/25/2019, reports that it has completed today the sale of 50% of exploration and production rights of the Tartaruga Verde field (concession BM-C-36) and Module III of the Espadarte field to Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of... Continue Reading →
December 26, 2019 Petrobras began a new environmental licensing process for drilling an exploratory well in the area of block BM-P-2 in the Pelotas Basin. The opening of the new process follows a license denied by Ibama for the campaign in the region. The request at Ibama was filed on December 3. After 14 years... Continue Reading →
Dec 27, 2019 Equinor, as operator, on behalf of the BM-S-8 and Norte de Carcará consortiums, informs that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Declarations of Commerciality of the Carcará discovery, in the area of Santos Basin pre-salt. Together with the Declarations of Commerciality, the consortia... Continue Reading →
