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MATERIAL FACT POLVO DRILLING CAMPAIGN AND FUNDING Rio de Janeiro, September 30, 2019 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Facts of October 30, 2018 and February 21, 2019, announces that on this date, it has begun... Continue Reading →
September 30, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with the company Central Resources do Brasil Produção de Petróleo Ltda. contracts for the sale of all its stake in the onshore fields of Ponta do Mel and Redonda, located in the state of Rio Grande do Norte. The sale amount is... Continue Reading →
September 30, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser) regarding the sale of the totality of its interests in eight onshore exploratory blocks located in the Recôncavo Basin, State of Bahia. The attached Teaser, which contains key asset information and eligibility criteria for selection of potential... Continue Reading →
Sept 30, 2019 Petrobras is close to considering its departure from MontevideoGas, the natural gas distributor of the Uruguayan capital. The oil company must complete within two weeks the due diligence of the company's financial statements and define the value and conditions of the business. The projection is for the sale to be completed within... Continue Reading →
Sept 30, 2019 Best placed in Petrobras' bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin, EPIC Applied Technologies was disqualified. According to sources, the decision of the oil company was motivated by the fact that the US group EPIC Companies - of which the company... Continue Reading →
Sept 30, 2019 Union, state and municipal oil revenues will double in five years. According to calculations by the National Agency of Oil, Gas and Biofuels (ANP) obtained by GLOBO, the estimated production of 1.2 million barrels per day of the four areas of the Santos Basin pre-salt, which will be offered in the... Continue Reading →
September 30, 2019 The National Petroleum Agency (ANP) Special Bidding Commission has registered BP, Chevron, CNOOC, CNODC, Ecopetrol, Equinor, ExxonMobil, Petrogal, Petrobras, Petronas, QPI, Shell, Total and Wintershall DEA to bid in the Transfer of Rights surplus auction, which is scheduled for November 6th. The National Congress passed the Bill for the transfer of rights,... Continue Reading →
It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil. The potential bonanza is still out of reach, two years after the London-based major teamed up with Brazil’s national oil company and a unit of China National Petroleum Corp. to outbid two rival... Continue Reading →
When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico’s state-run oil firm Pemex wants to take over the lucrative project, according to two former Mexican... Continue Reading →
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports. Instead, Petrobras will focus on two things... Continue Reading →
