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June 11, 2019 SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. The... Continue Reading →
June 10, 2019 The director general of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, said that the schedule of the three oil auctions this year is maintained and that "there is demand for it". He denied that there are discussions at the moment to postpone one of the bids, as... Continue Reading →
June 10, 2019 The STF decision to allow the sale of state-owned subsidiaries without the approval of the National Congress was celebrated by Petrobras, which will now have greater legal certainty to run its divestment program. " A victory for Brazil, not only for Petrobras and shows that we have a friendly environment for the... Continue Reading →
June 10, 2019 Petrobras has extended logistical support contract on the movement of flexible pipe with BHGE. The agreement of R $ 250 million will last two years, with the possibility of renewal for another year. The activities will be carried out at the base of BHGE in Niterói (RJ), used by Petrobras since 2014,... Continue Reading →
Repsol Sinopec is leaving BM-ES-21, an exploration project in partnership with Petrobras in Espírito Santo. The companies have already notified Cade of the free assignment of rights in the contract. Petrobras will assume the 11.11% of Repsol Sinopec, and will now have 100% of the contract. Between 2009 and 2014, five wells were drilled in... Continue Reading →
June 10, 2019 Petrobras began licensing a proprietary campaign for 3D data acquisition, with nodes, in the Golfinho field, in the Espírito Santo Basin. The seismic campaign, planned by the company to begin in February 2021, should take 150 days. The Golfinho field was one of the first to be put for sale by Petrobras... Continue Reading →
The government is due to present to Congress this month the proposal for a new regulatory framework for natural gas, called "New Gas Market," said Minister of Mines and Energy Bento Albuquerque. During a ceremony to launch the Petrobras Integrated Program for Duct Protection (Pro-Ducts), the minister also said that the Brazilian government should have... Continue Reading →
Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months, plunging the world’s most indebted oil company into junk status. Pemex’s rating was cut one notch to BB+, after Fitch cut Mexico late Wednesday, at about the same time Moody’s Investors Service changed the outlook on the country to negative -- a move... Continue Reading →
RIO DE JANEIRO, BRAZIL – June 10, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR; B3: PETR3) announces that Caixa Econômica Federal (the “Selling Shareholder”), has commenced an offering of 241,340,371 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents... Continue Reading →
The Stena Drilling-owned Stena Forth drillship has been mobilized from West Africa – where it has been operating for Tullow – and is now en route to the Tullow-operated Orinduik Block, which is located offshore Guyana. The Stena Forth has been mobilized for Tullow and its partners Total and Eco (Atlantic) Oil & Gas for... Continue Reading →
