Attached is the English version of the press presentation of the 2015-2019 Petrobras Business Plan petrobras business plan press presentation
Petrobras 2015/2019 Business Plan Press Presentation
Technip selected by Jurong Shipyard Pte Ltd for a FPSO conversion contract to be based in the Libra Field
Technip selected by Jurong Shipyard Pte Ltd for a FPSO conversion contract Leveraging its expertise in mastering design of all platform types June 30, 2015 01:00 AM Eastern Daylight Time PARIS--(BUSINESS WIRE)--Regulatory News: Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is... Continue Reading →
Smaller Drillers and the Rig Rout
Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground. Read More
Update – Petrobras Slashes CAPEX
(Reuters) - Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Read More
Dilma 2.0 Version Needed in US Visit
Brazilian President Dilma Rousseff has one core task to achieve on her visit to New York next week. The statist policies of her first term, together with falling commodity prices, helped tank Latin America’s biggest economy. She has adopted a more market-friendly persona during the first six months of her second term – but U.S.... Continue Reading →
Morgan Stanley Suggest New Model if Big Oil is to survive U$60/barrel
The world’s largest oil companies need to change their business model to increase shareholder returns during a period of depressed crude prices, a report published by Morgan Stanley and The Boston Consulting Group said. Read More
Petrobras cuts 37% of its Previous Budget – Bloomberg
Petrobras cut spending and output targets by at least a third as Brazil’s state-controlled oil company gives up its dream of being one of the world’s biggest producers. Petroleo Brasileiro SA, as it’s known formally, is focusing on exploration and production, scaling back investment in refineries that have become the subject of Brazil’s biggest corruption... Continue Reading →
Brazil’s Difficulty in the International Bond Markets
Foreign debt sales from the country have plunged 80 percent to just $7.5 billion this year as Petroleo Brasileiro SA -- the state-controlled oil producer at the center of a graft probe -- scales back offerings and borrowing costs remain high. The decline in issuances is the biggest since 2009. Read More
Petrobras – Business and Management Plan 2015-2019
Rio de Janeiro, June 29th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved, on June 26th, 2015, the 2015–2019 Business and Management Plan. The Plan has as its fundamental objectives to delever the Company and to generate value for its shareholders. Attached is note from Petrobras Petrobras Business... Continue Reading →
Mexican Standoff on the First Oil License Auction
Some would-be bidders in Mexico’s first oil license auction are resisting guarantee requirements in an impasse that threatens to reduce competition in the country’s energy liberalization. Rules require each bidding group to have one partner to act as guarantor, and for that company to maintain shareholder equity, or total assets minus liabilities, of at least $6... Continue Reading →
Brazil Energy Insight 