Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
The never ending saga... (Reuters) - Labor activist Alejandro Bodart marched down the Buenos Aires streets two decades ago to protest against the International Monetary Fund, which many then blamed for austerity measures that sharpened Argentina's worst ever economic crisis. Now Bodart is on the war path again, worried that a new deal to roll... Continue Reading →
(Reuters) - A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come. The World Petroleum Conference's four days of discussion started with chief executives from Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and Halliburton Co (HAL.N),... Continue Reading →
Cabinda Gulf Oil Company Limited (CABGOC), an affiliate of Chevron in Angola, has secured an extension of the Block 0 concession, off the coast of Cabinda province in Angola. Chevron stated on Monday that the agreement extends the concession for 20 years, through 2050. Under the renewed agreement, CABGOC will remain the operator with a 39.2... Continue Reading →
ABESPetro is pleased to announce that Mr. Telmo Ghiorzi has accepted the challenge of acting as the new Executive Secretary of ABESPetro. Telmo is a Senior Executive in the industrial sector, with a focus on the Oil & Gas and Engineering & Construction sectors. He has extensive experience in B2B and C-level business development for... Continue Reading →
(PetroleoHoje) Petrobras launched a tender for the charter of a new flotel (Maintenance and Services Unit) for the Campos, Santos and Espírito Santo basins. Companies interested in the contract may only offer DP2 or DP3 semi-submersible units, with accommodation for 400 people. The flotel required by the oil company will only enter into operation between... Continue Reading →
Main logistical support base for units operating in exploration and production in the Campos Basin, Macae Airport announced the launch of a package of services that innovates assistance in the operations of offshore flights. Established through concepts of safety, quality and efficiency applied by Zurich AirPorts in different air bases around the world, the "Offshore... Continue Reading →
Unions of oil workers across the country, linked to the Single Federation of Oil Tankers (FUP), held a national act of protest in front of Petrobras refineries located from north to south of Brazil, in protest against the privatization of the company's refining units. The movement began at the Landulpho Alves Refinery (RLAM), in Bahia,... Continue Reading →
(Reuters) - Fears over the Omicron coronavirus variant's impact on international aviation and other sources of oil demand have prompted massive liquidation of previously bullish hedge fund positions. Hedge funds and other money managers sold the equivalent of 131 million barrels in the six most important petroleum futures and options contracts in the week to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive prices... Continue Reading →
