The ANP received 10 expressions of interest for the 2nd Round of the Pre-salt and 15 for the 3rd Round, which will be held on October 27 in Rio de Janeiro. The applications for these companies, the largest in the oil and gas sector, will be analyzed at the meetings of the Special Bidding Commission,... Continue Reading →
Petrobras Day | CEO Pedro Parente | London
Please see the attached presentation delivered by Petrobras CEO, Pedro Parente, in London recently. Book-Petrobras-Day -London-2017_0
Sembcorp Marine wins further hull work on Petrobras FPSO
Offshore rig builder Sembcorp Marine has secured hull carry over works from Tupi B.V. for the FPSO P-68 Tupi project in Brazil. Sembcorp Marine said on Monday that the contract was secured through its Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), and it was worth worth about $145 million. Tupi B.V. had in 2012 awarded EJA... Continue Reading →
Petrobras – Agreement between Liquigás and CADE
Rio de Janeiro, September 08, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned subsidiary Liquigás Distribuidora S.A. (Liquigás) has entered into an agreement with the Administrative Council for Economic Defense (CADE) on 09/06/2017 to halt two administrative processes on the formation of a cartel in the Liquefied Petroleum Gas (LPG) distribution... Continue Reading →
PETROBRÁS CONCLUDES WELL AND FINDS PETROLEUM PRESENCE IN LIBRA
Petrobrás concluded a new well this week in the Libra field, in the Santos Basin pre-salt. The activity in well 3BRSA1345RJS was done by means of the West Tellus (Seadrill) drill ship in depth of 2,087 meters. The drilling began in the area in mid-February. Petrobras also notified the National Petroleum Agency of the finding... Continue Reading →
Petrobras – Clarification on News – Complement: Sale process of Termobahia stake
Rio de Janeiro, September 6, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it received on 9/4/2017, Official Letter No. 304/2017/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 304/2017/CVM/SEP/GEA-1 “Dear Sir, We refer to Official Letter no. 290/2017/CVM/SEP/GEA-1 and the communication to the market, filed via Empresas.net System, on 8/21/2017, in response to... Continue Reading →
Petrobras – Divestment in the Fertilizer Sector: Disclosure of Opportunity – Teaser
Rio de Janeiro, September 11, 2017 - Petróleo Brasileiro SA - Petrobras informs that it has initiated the disclosure phase of the Teaser, regarding the process of divesting 100% of its assets in Araucária Nitrogenados SA ("ANSA") and in the Nitrogen Fertilizer Unit III ("UFN-III"). ANSA is a wholly-owned subsidiary of Petrobras, with a nitrogen... Continue Reading →
Petrobras – Divestment Opportunities in Shallow Water Fields: Confidentiality Agreement Deadline Extended
Rio de Janeiro, September 08, 2017 - Petróleo Brasileiro S.A. – Petrobras, in continuity to the Material Fact disclosed on 7/28/2017, informs that deadline for signing the Confidentiality Agreement, in order to have access to technical, legal and financial information regarding the full sale of its exploration, development and production rights in seven sets of... Continue Reading →
Petrobras – Memorandum of Understanding with Shell
Rio de Janeiro, September 8th, 2017 - Petróleo Brasileiro S.A. - Petrobras reports that has signed, today in Holland, a Memorandum of Understanding (MoU) with Shell Exploration Company (West) B.V., a Royal Dutch Shell subsidiary, to establish a mutual long-term collaboration, with operational focus, in assets which are already operated in partnership between the two... Continue Reading →
It’s Too Soon for Brazil to Relent on Rate Cuts
Brazil's central bank has been unrelenting in its interest-rate cuts. It's too soon to ease up. With inflation tumbling, the economy still struggling and the country's political class mired in one graft accusation after another, Central Bank of Brazil Governor Ilan Goldfajn looks like the adult in the room. It's a mantle he may not... Continue Reading →
