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August 9, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has achieved, for the fourth time in a row, top grade in all dimensions in the 4th Cycle of the Governance Indicator Certification (“IG-SEST”), prepared by the Secretariat of Coordination and Governance of StateOwned Enterprises - SEST, of the Ministry of Economy. The company... Continue Reading →
Oil market is going from gloomy to gloomier, according to a Friday report by the Norwegian energy intelligence firm, Rystad Energy. “Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our short- bullish view for the first part of 2020 linked to the new IMO... Continue Reading →
MATERIAL FACT CHANGES IN SENIOR MANAGEMENT POSITIONS Rio de Janeiro, August 8, 2019 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with article 157 of Law 6404/1976, CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. Blener Braga Cardoso Mayhew... Continue Reading →
August 8, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its subsidiary Petrobras Biocombustíveis S.A. (PBIO) signed today a contract to sell its 50% stake in Belem Bioenergia Brasil (BBB) to Galp Bioenergy B.V., which holds the other 50% stake in the company. BBB was established in 2011 by Petrobras and Galp for the production... Continue Reading →
August 8, 2019 Pemex has received approval from Mexico's National Hydrocarbon Commission (CNH) for a $ 10 billion investment to develop land and sea exploration opportunities. Pemex will develop 22 new maritime fields in 2019, 18 of them in shallow waters of the Gulf of Mexico. On land, the commission's approval extends to the Ixachi... Continue Reading →
Aug 8, 2019 UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental. Continental, an established air diving service provider to the offshore oil sector in Brazil, provided inspection, repair and maintenance services to... Continue Reading →
Aug 8, 2019 Petrobras received from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) the Installation License (LI) No. 1260/2019 (5508069) - 1st Renovation, referring to the Farfan Long Term Test - Well 3-SES project -176D, BM-SEAL Concession 11 - Sergipe-Alagoas Basin, through the FPSO Cidade de São Vicente, in the Sergipe /... Continue Reading →
Aug 8, 2019 The sale of Petrobras assets is confirming to be an opportunity to pulverize the number of oil and gas producers in the country. Today, less than 7% of national production is in the hands of private companies, but the scenario is expected to change soon. Only with divestments confirmed between January and... Continue Reading →
August 7, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/22/2019, reports that it carried out a full sale operation of its oil hedge position, which was intended to partially protect the company's operating cash flow in low price scenarios. Therefore, the company has negotiated all its put options referenced to... Continue Reading →
Dutch FPSO provider SBM Offshore has revealed that a Chinese yard has started building its third Fast4Ward FPSO hull. Fast4Ward is SBM Offshore’s program aimed to standardize the FPSO construction and delivery process, thus reducing cost and speeding up the time to the market by up to 12 months. Continue reading
