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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/01/2021, informs that it received last week the second, and last, installment, in the amount of US$ 59.4 million, of the leniency agreement entered into by Samsung Heavy Industries. With these values, Petrobras surpasses R$ 5.7 billion in funds recovered through collaboration, leniency... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that Andrea Almeida, Chief Financial and Investor Relations Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer, André Chiarini, Chief Trading and Logistics Officer, and Rudimar Chief Production Development Officer, informed today to the Board of Directors that they do not intend to renew their respective terms.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as a follow up to the release disclosed on February 8, 2021, informs that the company's Board of Directors, in a meeting held today, approved the sale of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, to Mubadala Capital for US$ 1.65 billion. The signing of... Continue Reading →
(Reuters)The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday. India has asked refiners to speed up the diversification of imports to cut... Continue Reading →
(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New COVID-19 cases among offshore oil workers rose to 46 on March 24 from 17 on... Continue Reading →
(Reuters) - Joaquim Silva e Luna, the incoming CEO of Brazil’s state-run oil company Petrobras, told Reuters that at least part of the executive board could stay on when he takes over in April, a signal that he is not planning a wholesale shake-up of management. The former defense minister and army general added, however,... Continue Reading →
Omni Táxi Aéreo has just expanded its fleet of helicopters used to transport workers in the oil and gas sector. The company acquired yet another AW139 model aircraft, made by Italian Leonardo. The model is super medium sized and capable of flying to the most distant platforms of the pre-salt, carrying up to 12 passengers.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news published in the media, clarifies about the sale process of Landulpho Alves Refinery (RLAM) and its associated logistics assets. In all asset sale processes, Petrobras establishes a value range that guides the transaction and considers the technical and productivity characteristics and the asset's potential to... Continue Reading →
(Bloomberg) --A former Glencore Plc trader was charged by U.S. authorities with conspiracy to manipulate a key oil price benchmark, the latest sign that prosecutors around the world are stepping up their scrutiny of the notoriously opaque commodity trading industry. U.S. prosecutors alleged that Emilio Heredia, a former Glencore employee, directed buy and sell orders... Continue Reading →
Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic. Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts, Rystad expects offshore drilling activity... Continue Reading →
