Rio de Janeiro, June 12, 2019 - Petróleo Brasileiro S.A- Petrobras informs that its Executive Board approved a revision in the frequency of readjustments in the prices of diesel and gasoline marketed in its refineries. From now on, the price readjustments of diesel and gasoline will be carried out without defined frequency, according to market... Continue Reading →
Petrobras receives final proposals to sell Enchova and Pampo clusters
Rio de Janeiro, June 13, 2019 - Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media, about the shallow waters divestment project of Enchova and Pampo clusters, located in the Campos Basin, clarifies that on June 5, 2019 it received final offers from potential interested parties in the acquisition of said assets.... Continue Reading →
Brazil -Visa Waiver for U.S. Citizens
United States Embassy Brasilia, Brazil Message for U.S. Citizens: Visa Waiver for U.S. Citizens br.usembassy.gov The Brazilian government announced that effective June 17, 2019, a visitor visa (electronic or paper) will not be required for U.S. citizens to travel to Brazil for the purposes of tourism, business, transit and artistic and sportive activities, for stays... Continue Reading →
Partnership with China National Petroleum Corporation – CNPC
June 12, 2019 Petrobras is expected to complete the study in September to enable the joint venture (JV) with CNPC, which will be responsible for completing Comperj in Itaboraí (RJ). The information is from the president of the company, Roberto Castello Branco. The JV's formation is foreseen in an agreement signed by the oil companies... Continue Reading →
Carlos Tadeu Fraga takes command of Prumo (Porto do Açu)
June 12, 2019 Carlos Tadeu da Costa Fraga will assume the presidency of Prumo Logística as of the beginning of July, in place of José Magela Bernardes. According to sources, the invitation to the executive, who is currently CEO of Açu Operations Port, was made by the CEO of EIG Global Energy Partners and chairman... Continue Reading →
Rosneft signs Letter of Intent with the state of Amazonas
Rosneft was received yesterday by the governor of Amazonas, Wilson Lima, who signed a term of intent with Vladimir Lyakhovich, general director of the company in Brazil, stating that operations in the Solimões Basin are priorities for the development of the state. - Rosneft resumed drilling operations in the region in 2017, having drilled five... Continue Reading →
Petrobras may raise investments and sell assets, signals president
June 12, 2019 Petrobras President, Roberto Castello Branco, said the company intends to invest $ 105 billion and raise between $ 30 billion and $ 35 billion with the divestment program over the next five years. The figures give a sign that the company expects to increase asset sales and how much the oil company... Continue Reading →
Petrobras informs about term extension regarding the sale process of Breitener Energética S.A
Rio de Janeiro, June 11, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2019, regarding the sale of its 93.7% interest in Breitener Energética S.A., informs that the deadlines for expression of interest and execution of the Confidentiality Agreement were postponed for 06/14/2019 and 06/21/2019, respectively, in view of... Continue Reading →
Trump administration sued over offshore safety rules rollback
Ten environmental groups on Tuesday sued the Trump administration over recent changes in the Obama-era offshore safety rules put in place in 2016, in the aftermath of the 2010 Deepwater Horizon disaster in the Gulf of Mexico. “[The 2016 Well Control Rule] required drilling operators to implement many of the drilling practices and technology upgrades... Continue Reading →
Petrobras announces start of non-binding phase regarding the sale of onshore fields in Espírito Santo
Rio de Janeiro, June 11, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/27/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in 27 mature onshore fields, located in Espírito Santo, jointly designated as Cricaré Cluster. At this stage of the... Continue Reading →