The consortium of the promising pre-salt Libra area in the Santos Basin needs to be released from the current local content obligation so that the pilot platform for the project, scheduled for 2020, will be tendered, according to Solange Guedes, Petrobras Exploration and Production director. The executive is confident in a waiver from the... Continue Reading →
Petrobras – U$ 42 billion in assets that can be sold
12/01/2017 According to the company's chief financial officer, Ivan Monteiro, Petrobras has a portfolio of assets of U$ 42 billion that can be sold. The amount includes US $ 1.5 billion the unfulfilled part of the divestiture plan for the period 2015/2016, whose goal was to sell US $ 15.1 billion, but closed at... Continue Reading →
Brazil Set for Bond-Sale Surge After Petrobras’s $4 Billion Haul
The bond sale by Brazilian oil giant Petrobras this week may just be the start of an issuance boom from the South American country. Sugar producer Raizen Energia SA has hired banks to gauge interest for a possible overseas debt offering, while chemicals maker Braskem SA said it’s considering a sale of its own.... Continue Reading →
Petrobras to invest $19 billion, has cash for two-and-a-half years: executives
Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year, signaling that efforts to cut debt and preserve cash are helping Brazil's state-controlled oil company regain investment capacity. Chief Executive Officer Pedro Parente told reporters at an event in Rio de Janeiro that capital spending at Petrobras (PETR4.SA)... Continue Reading →
Petrobras General Overview Dec. 2016
See attached presentation - General Overview Dec. 2016 general-overview-petrobras-2016-december-1
Chevron hires two anchor handlers in Brazil
Chevron hires two anchor handlers in Brazil | Offshore Energy Today Oil company Chevron has hired two offshore support vessels from Brazil’s Bram Offshore. The two vessels, the Campos Contender and Elizabeth C, are both large 11.040 BHP anchor handling tug supply units. The vessel owner is a Brazilian subsidiary of Edison Chouest, a U.S. based... Continue Reading →
Brazil surprises with aggressive rate cut to rescue economy
Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, stepping up its monetary easing to revive an economy mired in its worst recession ever. In a unanimous vote, the central bank's nine-member monetary policy committee, known as Copom, decided to cut its benchmark Selic rate BRCBMP=ECI by 75 basis points to 13.00 percent... Continue Reading →
PETROBRÁS INVITES 30 FOREIGN COMPANIES TO BID FOR THE NATURAL GAS PROCESSING UNIT (NGPU) AT COMPERJ
Jan, 2017 The optimism and expectation surrounding the Natural Gas Processing Unit of the Rio de Janeiro Petrochemical Complex (Comperj), which would be the only work planned for the 2015-2019 Investment Plan, seems to be revived after the uncertainties of last year . And there is a strong reason for this: Petrobras has just... Continue Reading →
CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years
Reuters Wed Jan 11, 2017 | 8:28am EST CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years (Corrects to say 2017 instead of 2019 in headline, paragraph 1) RIO DE JANEIRO Jan 11 Petróleo Brasileiro SA expects to spend $19 billion in exploration, production and refining projects this year, above... Continue Reading →
Argentina clinches deal to attract investment in Vaca Muerta shale
Argentina has clinched a deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the world, the government said on Tuesday. Read more
