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Petrobras has received from Ibama the license to install FPSO P-70, the first unit of the Atapu field, scheduled to begin production in 2020. Atapu is a field in the transfer of rights area, discovered in the area originally called the Entorno de Iara, and has an extension in the concession area of the BM-S-11... Continue Reading →
Economists cut their 2020 Brazilian economic growth forecasts to a new low, a central bank survey showed on Monday, despite Congress delivering a major breakthrough on pension reform that most analysts say should boost business sentiment and activity. The average forecast from 72 economists in the central bank’s weekly ‘FOCUS’ survey for the week ending... Continue Reading →
Rio de Janeiro, July 15, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors approved the appointment of Mr. Walter Mendes de Oliveira Filho for the position of member of the company's Board of Directors. The election of Mr. Walter Mendes will be submitted to the next General Shareholders' Meeting of... Continue Reading →
July 15, 2019 The opening of the natural gas market is expected to take some years to materialize, but the compromise agreement signed between Petrobras and the Administrative Council for Economic Defense (Cade) to reduce the company's presence in the sector promises to move the private initiative in the short term. According to analysts, companies... Continue Reading →
July 12, 2019 This week, projects to implement two new thermoelectric power plants in Macaé will be presented at a public hearing, held by IBAMA, at the Convention. The licensing of the Jaci and Tupã units, created by Global Participações em Energia (GPE), consolidates the National Petroleum Capital as a national hub for energy production,... Continue Reading →
More than 70 percent of the U.S. Gulf of Mexico oil production remained shut on Sunday after the oil operators had shut facilities and evacuated offshore workers ahead of the Hurricane Barry. Hurricane Barry made landfall in Louisiana on Saturday and has since weakened into a tropical storm. According to a CBS report on Saturday,... Continue Reading →
Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 Bcfd in December 2018. As production has grown, Argentina has resumed exporting natural gas by pipeline to neighboring Chile... Continue Reading →
Rio de Janeiro, July 15, 2019 - Petróleo Brasileiro S.A. – Petrobras informs that in the scope of the competitive sale process for the sale of its entire stake in Baúna field (concession area BM-S-40), located in shallow waters in the Santos basin, Karoon Petróleo & Gás Ltda. presented the best proposal. However, in relation... Continue Reading →
Brazilian state-run oil firm Petrobras is considering an end to its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange, two sources told Reuters. Chief Executive Roberto Castello Branco is pushing the possibility of exiting the Distinction in Governance Program for State-Run... Continue Reading →
July 12, 2019 The Superintendency of Exploration (SEP) of the ANP will begin to be commanded, as of July 25, by Marina Abelha Ferreira, who will leave the position of deputy superintendent. She will replace Raphael Neves Moura. "The change is part of a rotation process recently implemented by the board," director Jose Cesario Cecchi... Continue Reading →
