(Petrobras, 3.Oct.2022) — Petrobras, following up on the release disclosed on 22 December 2021, informs that, as part of the actions taken to open the Brazilian natural gas market, signed, in 30 September 2022, with Nova Transportadora do Sudeste S.A. (NTS) the Flexibility Reduction Agreement to be used by Petrobras […]
Category: Brazil
Brazil energy
Petrobras on Divestment of Potassium Mining Rights
(Petrobras, 30.Sep.2022) — Petrobras, following up on the release disclosed on 08/11/2022, informs the beginning of the binding phase concerning the sale of its mining rights for research and mining of potassium salts located in the Amazonas Basin. Potential buyers qualified for this phase will receive a process letter with […]
Petrobras Inks Deal with Keppel Related to P-83 Construction
(Petrobras, 28.Sep.2022) — Petrobras signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the BĂşzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil […]
Petrobras Starts Bidding Phase for Stake in Potiguar Basin
(Petrobras, 20.Sep.2022) — Petrobras, following up on the releases disclosed on 16 August 2022 and 8 September 2022, informs the beginning of the binding phase regarding the sale of 40% of its stake in the BM-POT-17 exploratory concessions, in which the Pitu well Discovery Assessment Plan is being developed (Blocks […]
Petrobras Closes Offering of Commercial Notes
(Petrobras, 16.Sep.2022) — Petrobras, continuing the notices released on 19 August 2022 and 9 September 2022, hereby informs that the public offering of public distribution, with restricted distribution efforts, of the first (1st) issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in two series (Book-entry Commercial Notes) […]
TechnipFMC Inks Subsea Deal for Lapa North East Development
(Energy Analytics Institute, 14.Sep.2022) — TechnipFMC (NYSE: FTI) was awarded a significant engineering, procurement, construction and installation (EPCI) contract valued between $75mn-$250mn by TotalEnergies for the French company’s Lapa North East field in the pre-salt Santos Basin offshore Brazil. Under the deal TechnipFMC will reconfigure and install umbilicals and flexible […]
Petrobras Downplays UFN-III Sale
(Energy Analytics Institute, 9.Sep.2022 — Brazil’s state owned Petrobras said rumors that it’s about to close the divestment process related to Nitrogen Fertilizer Unit III (UFN-III) with Yara Fertilizers were untrue. “As disclosed to the market on 29 August 2022, the project is in the binding phase, and has not […]
Petrobras on Commercial Notes Bookbuilding
(Petrobras, 9.Sep.2022) — Petrobras, in continuation of the notice released on 19 August 2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to […]
Petrobras to Maintain Albacora Concession
(Petrobras, 8.Sep.2022) — Petrobras, following up on the release disclosed on 5 November 2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras’ portfolio. The company was negotiating with PetroRio […]
Petrobras on Divestment of Potiguar Basin Exploration Assets
(Petrobras, 8.Sep.2022) — Petrobras, following up on its release from 16 August 2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where […]
Petrobras on Chief Digital Transformation, Innovation Officer
(Petrobras, 5.Sep.2022) — Petrobras announced its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
FPSO Brazil Congress 2022 Returns in November!
(FPSO Network c/o Energy Analytics Institute, 31.Aug.2022) — Energy Analytics Institute (EAI) is proud to be a supporting partner for the upcoming FPSO Brazil Congress 2022. This event will be happening from 7-9 November 2022 at Rio Palace Othon, Rio de Janeiro, Brazil. Visit the website: https://www.fpsonetwork.com/events-fpsobrazilcongress As market trends continually evolve, […]
Petrobras: Binding Phase Underway for UFN-III Divestment
(Petrobras, 29.Aug.2022) — Petrobras, following up on the release disclosed on 31 May 2022, informs that the binding phase concerning the full sale of the Nitrogen Fertilizer Unit III (UFN-III) is underway. Potential buyers qualified for this phase, in accordance with the criteria published in the teaser, received a process […]
Petrobras Comments on Braskem Divestment Process
(Petrobras, 28.Aug.2022) — Petrobras, regarding the news published in the media concerning the Braskem divestment process, reaffirms that its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026. Petrobras informs that it is not conducting any sales […]
Bolsonaro says Petrobras Privatization Possible Next Year
(Reuters, 26.Aug.2022) — President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if the president is re-elected in October. “Sachsida has this idea. I gave him the green light to discuss privatization of […]
Lula’s Plan to Keep Petrobras State-Controlled Is a Mistake, Minister Says
(Bloomberg, 26.Aug.2022) — Luiz Inacio Lula da Silva’s plan to keep Brazil oil giant Petroleo Brasileiro SA as a state-controlled company if elected again is a mistake, according to Energy Minister Adolfo Sachsida. Former president Lula, the front-runner for the October elections, has been promising to reverse years of cost […]
Moody’s Changes Ultrapar’s Outlook to Stable from Negative
(Moody’s, 26.Aug.2022) — Moody’s Investors Service affirmed Ultrapar Participações S.A.‘s Ba1 Corporate Family Rating and the Ba1 rating of the Backed Senior Unsecured Notes issued by Ultrapar International S.A., guaranteed by Ipiranga Produtos de Petroleo S.A. and Ultrapar. The outlook was changed to stable from negative. Affirmations: Issuer: Ultrapar Participacoes […]
Petrobras Receives Transparency Trophy 2022
(Petrobras, 24.Aug.2022) — Petrobras was elected one of the ten companies with the most transparent financial statements in Brazil in the category of companies with net revenues over R$20bn. The recognition is granted annually by the National Association of Finance, Administration, and Accounting Executives (Anefac) to the Brazilian companies with […]
Petrobras BODs Approves Issuance of Commercial Notes
(Petrobras, 19.Aug.2022) — Petrobras hereby informs that the Executive Board approved on 18 August 2022, the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), which will be subject to public distribution, with restricted distribution efforts, under mixed regime […]
Petrobras on Divestment of Refining and Logistics Assets
(Petrobras, 19.Aug.2022) — Petrobras, following up on the releases disclosed on 27 June 2022 and 15 July 2022, informs the beginning of the non-binding phase in the processes of sale of assets in refining and associated logistics in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, […]
Petrobras Concludes Ibiritermo S.A. Acquisition
(Energy Analytics Institute, 18.Aug.2022) — Petrobras finalized the acquisition of Edison S.p.A.‘s 50% stake in Ibiritermo S.A. while the transfer of Usina TermelĂ©trica IbiritĂ© to Petrobras has been carried out. Petrobras now holds 100% of the shares of Ibiritermo and has exclusive ownership of UTE IbiritĂ©, the Rio de Janeiro-based […]
CVM Rejects ANAPETRO Shareholder Meeting Request
(Energy Analytics Institute, 17.Aug.2022) — Petrobras received a letter on from the Brazilian Securities and Exchange Commission (CVM) informing that the Collegiate of the CVM decided to reject the request made by the National Association of Petroleum Workers Minority Shareholders of Petrobras (ANAPETRO) to interrupt the advance notice period for […]
Brazil’s ANP Opens Permanent Bid Round for 11 Offshore Blocks
(Energy Analytics Institute, 17.Aug.2022) — Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) published details 17 August 2022 in the South American country’s Official Gazette (DOU) regarding the timeline for the 1st Permanent Cycle bid round for 11 crude oil and natural gas exploration blocks under a production sharing […]
Petrobras on the Divestment of Potiguar Basin Exploration Assets
(Petrobras, 16.Aug.2022) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of 40% of its interest in the BM-POT-17 exploratory concessions, in which the Discovery Assessment Plan for the Pitu well is being developed (Blocks POT-M-853 and POT-M-855), and the POT-M-762_R15 concession (Block POT-M-762), […]
Petrobras on Letter Regarding Controlling Shareholder
(Energy Analytics Institutes, 15.Aug.2022) — Petrobras, following up on press statements it distributed on 20 July 2022 and 11 August 2022, says it has received an official letter from Brazil’s Ministry of Mines and Energy (MME) ratifying the nomination by the controlling shareholder of Mr. JĂ´nathas Assunção Salvador Nery de […]
Petro Rio Reports Temporary Production Hiccup at Frade
(Energy Analytics Institute, 15.Aug.2022) — Petro Rio S.A. (B3: PRIO3) notified its shareholders of a temporary production interruption at the Frade Field due to a variance in the inert gas line at the floating production storage and offloading (FPSO) vessel on location. The shutdown is expected to last 5-7 days, […]
Keppel Wins $2.9bn Newbuild FPSO P-80 Contract from Petrobras
(Keppel Shipyard, 15.Aug.2022) — Keppel Offshore & Marine (Keppel O&M)’s wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a Floating Production, Storage and Offloading vessel (FPSO) for about $2.9bn. Scheduled […]
Petrobras Inks Deal with Keppel for P-80 Platform
(Petrobras, 15.Aug.2022) — Petrobras informs that, as a result of the progress of the development project for the BĂşzios field, in the Santos Basin pre-salt area, it signed a contract with Keppel Shipyard Limited for the construction of platform P-80, the ninth unit to be installed in the field. This […]
Petrobras on Letter from the Ministry of Economy
(Petrobras, 11.Aug.2022) — Petrobras, following up on the release disclosed on 20 July 2022, informs that it received a official letter from the Ministry of Economy (ME) today, at 09:25 a.m., ratifying the nomination by the controlling shareholder of Mr. Ricardo Soriano de Alencar for the company’s Board of Directors, […]
Petrobras Concludes Divestment of Onshore Fields in Ceará
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 14 August 2020, informs that it has concluded today the sale of all its stakes in the onshore fields of Fazenda BelĂ©m and IcapuĂ, jointly called Fazenda BelĂ©m Cluster, located in the Potiguar Basin, in the state of Ceará […]
Petrobras Inks New Addendum with Bolivia’s YPFB
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 24 May 2022, has celebrated a new addendum to the natural gas purchase contract with Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB). The addendum signed today refers to the commitment profile for deliveries by YPFB of the gas volumes contracted by […]
Petrobras Announces Commencement of SIP Deal with Petrogal Brasil
(Petrobras, 1.Aug.2022) — Petrobras, following up on the release disclosed on 30 Sep. 2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal’s access to the gas processing units, owned by Petrobras and located in the states of Rio […]
![Petrobras Reports Solid 2Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/brazil-2q22-source-petrobras.png)
Petrobras Reports Solid 2Q:22 Results [PDF Downloads]
(Petrobras, 29.Jul.2022) — Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, […]
Fact Box: Petrobras’ Growth vs Sustaining CAPEX
(Petrobras, 28.Jul.2022) — Petrobras’ growth CAPEX corresponded to 64% of total capex in 2Q:22. Growth CAPEX are those with the primary objective of increasing the capacity of existing assets, deploying new production, offloading, and storage assets, increasing asset efficiency or profitability, and deploying essential infrastructure to enable other growth projects. […]
Petrobras on Shareholder Remuneration Policy
(Petrobras, 28.Jul.2022) — Petrobras, following up on the press release disclosed today, informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which […]
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]
NRGBriefs: FPSO Brazil Congress 2022 in Rio de Janeiro
(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including the government of the Brazilian state of Ceara teaming up with Enel Green Power Brasil to study the potential for development of green hydrogen projects; details regarding the FPSO Brazil Congress in Rio de Janeiro; and Bristow Group Inc. (NYSE: VTOL) planning to […]
Petrobras Receives Letter from Economy Ministry about Dividends
(Petrobras, 25.Jul.2022) — Petrobras, regarding the news published in the media, confirms that it received, on 06/22/2022, a letter from the Special Secretary of the Treasury and Budget of the Ministry of Economy regarding the payment of dividends. The company clarifies that, in its response, it informed that all the […]
![Petrobras Releases 2Q:22 Production and Sales Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/07/brazil_2q22-sales-and-production-report.jpg)
Petrobras Releases 2Q:22 Production and Sales Report [PDF Download]
(Petrobras, 21.Jul.2022) — In 2Q22, we (Petrobras) delivered an operating performance fully in line with the company’s plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of […]
NRGBriefs: Bristow Inks 1.6bn 10-year Deal
(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a ÂŁ1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) terminating its option for the Libanesa Silver-Gold Project in Argentina; Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) […]
Petrobras on Payment of Shareholders Remuneration
(Petrobras, 20.Jul.2022) — Petrobras, following up on the releases disclosed on 5 May 2022 and 20 June 2022, informs that it is carrying out today the payment of the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 5 May 2022. […]
NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay
(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host a corresponding conference call on 4 Aug. 2022; and Guyana Shore Base Inc. (GYSBI) signing an 11-year extended contract with […]
NRGBriefs: Fitch Upgrades Petrobras’ Credit Rating; Vista’s Earnings
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Fitch upgrading Petrobras’ credit rating; and Vista Energy, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) planning to release its consolidated financial statements for the 2Q:22 on Tuesday 26 July 2022, after the market closes. LATIN AMERICA AND THE CARIBBEAN Argentina — Vista […]
Equinor Restarts Peregrino Field Production
(Equinor, 19.Jul.2022) — Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading […]
Petrobras’ BODs Validates CELEG Analysis
(Petrobras, 18.Jul.2022) — Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling […]
Petrobras Comments on Manifestation of the Eligibility Committee
(Petrobras, 13.Jul.2022) — Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 7 July 2022, to finalize the analyses of the candidates for the Board of Directors nominated by the controlling shareholder: Mr. Gileno GurjĂŁo Barreto (also nominated as Chairman of the Board); Mr. Edison AntĂ´nio […]
Petrobras Announces Expiration Results of Cash Tender Offers
(Petrobras, 13.Jul.2022) — PetrĂłleo Brasileiro S.A. (Petrobras) (NYSE: PBR) announced the expiration and expiration date results of the previously announced cash tender offers (each, an “Offer” and collectively, the “Offers”) by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of (i) its notes of […]
Petrobras Starts Non-binding Phase for UEG Araucária S.A. (UEGA)
(Petrobras, 12.Jul.2022) — Petrobras, following up on the release disclosed on 3 June 2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. Potential buyers qualified for this phase will receive […]
Petrobras Committed to the Practice of Competitive Prices
(Petrobras, 12.Jul.2022) — Petrobras, regarding the news published in the media about its frequency of readjustments in fuel prices, clarifies that, in 2022, it carried out an increase and a reduction in LPG prices, four readjustments in diesel prices and three readjustments in gasoline prices, a frequency lower than that […]