(Petrobras, 9.Dec.2020) — Petrobras, following up on the release disclosed on 03/09/2020, has concluded the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, to Eagle Exploração de Ă“leo e Gás Ltda (Eagle). After fulfilling all […]
Category: Brazil
Brazil energy
Petrobras Receives Bids On Four Refineries
(Petrobras, 2.Dec.2020) — Rio de Janeiro-based Petrobras, following up on the press release disclosed on 1 October 2020, has received binding proposals for four refineries: Landulpho Alves (RLAM), in Bahia, Isaac Sabbá (REMAN), in Amazonas, Lubrificantes e Derivados de PetrĂłleo do Nordeste (LUBNOR), in Ceará, and Unidade de Industrialização do […]
Petrobras On Favorable Arbitration Decision
(Petrobras, 1.Dec.2020) — Petrobras informs that it received, on this date, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato. This decision promoted the definitive […]
Petrobras To Join Corporate Sustainability Index (ISE)
(Petrobras, 1.Dec.2020) — Petrobras will be part of B3 Corporate Sustainability Index (ISE) again. The company will integrate the main Brazilian index under the aspect of corporate sustainability in 2021, which did not occur since 2008. “The return to ISE is a recognition of our efforts and initiatives in the […]
Petrobras Comments On Gaspetro Divestment
(Petrobras, 30.Nov.2020) — Petrobras, following up on the release disclosed on 27 November 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), clarifies that the company Compass Gás Energia S.A. (Compass) was not qualified for the continuation of the divestment process of 51% of Gaspetro capital stock for not meeting […]
![Petrobras Day 2020 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/12/2020-12-03-Apresentacao-do-PowerPoint-brazil.jpg)
Petrobras Day 2020 [PDF Download]
(Petrobras, 30.Nov.2020) — Rio de Janeiro-based Petrobras provided operational and financial details from its once yearly Petrobras Day. __________
Compass Gas Energia Out Of Running For Gaspetro
(Energy Analytics Institute, 27.Nov.2020) — Brazil’s state oil company Petrobras announced that regarding divestment of Petrobras Gás S.A. (Gaspetro) that Compass Gás Energia S.A. wasn’t qualified for the continuation of the divestment process of 51% in Gaspetro’s capital stock. “This is a natural development in divestment projects, with no forecast […]
Petrobras Says Not Party In Arbitrations
(Petrobras, 26.Nov.2020) — Petrobras, in relation to the news published in the Exame magazine yesterday, informs that it is not a party in the arbitrations that are jointly pending before the Market Arbitration Chamber of B3, established by two minority shareholders, based on article 246 of Law 6,404/76, against the […]
Petrobras Reveals Strategic Plan 2021-2025, Cuts CAPEX
(Petrobras, 25.Nov.2020) — Petrobras announced its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2021-2025 (SP2021-25). The plan maintains the five pillars that support the implementation of the company’s set of strategies: (i) Maximization of the return on capital employed; (ii) Reduction […]
Petrobras Launches “More Value Program”
(Petrobras, 24.Nov.2020) — Petrobras launched the “More Value Program” (Programa Mais Valor), a new financial solution tool for suppliers. The pilot started last week and, in November 30th, the tool will be opened to companies interested in anticipating invoices with more competitive rates. The program seeks to stimulate the oil […]
Petrobras Release Dates For Petrobras Day
(Petrobras, 24.Nov.2020) — Petrobras informs that the Petrobras Day will be held in Portuguese on 30 November 2020 and in English on 1 December, when it will present its 2021-25 Strategic Plan. Petrobras will use the Microsoft Teams tool (link below) for the event: Petrobras Day Portuguese link Petrobras Day […]
Petrobras Updates On Papa-Terra Field Rumors
(Petrobras, 24.Nov.2020) — Petrobras, in relation to the news published in the media, regarding the divestment of the Papa-Terra field, Campos Basin, clarifies that the stage of receiving binding offers was completed on 29 September 2020. As a result, on 29 October, negotiations started with Starboard Asset Ltda (Starboard), a […]
Geopark To Divest 10% Stake In Manati Gas Field In Brazil
(GeoPark, 23.Nov.2020) — GeoPark Limited announced its Board of Directors has approved an agreement to sell its 10% non-operated working interest in the Manati gas field in Brazil to Gas Bridge S.A. The total consideration of the transaction amounts to R$144.4mn (approximately $27mn1), including a fixed payment of R$124.4mn plus […]
Canadian Solar Inks Deals With BTG And Furnas
(Canadian Solar, 23.Nov.2020) — Canadian Solar Inc., one of the world’s largest solar power companies, announced that it recently signed a power purchase agreement (PPA) with BTG Pactual and that it was awarded with two projects in a private auction by Furnas Centrais ElĂ©tricas for a total of 862 MWp […]
Braskem And Haldor Topsoe Production MEG From sugar
(Braskem, 23.Nov.2020) — Braskem, the largest petrochemical company in the Americas and a world leader in the production of biopolymers, and Denmark-based Haldor Topsoe, a global leader in supply of catalysts, technology, and services for the chemical and refining industries, have announced that they achieved their first-ever demo-scale production of […]
Petrobras Redeems Five Series Of Notes
(Petrobras, 23.Nov.2020) — Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) has delivered notices of redemption to the holders of the outstanding 5.375% Global Notes due 2021 (“5.375% Notes”), 8.375% Global Notes due 2021 (“8.375% Notes”), 3.750% Global Notes due 2021 (“3.750% Notes”), 6.125% Global Notes due 2022 (“6.125% Notes”) […]
Petrobras Starts CarmĂłpolis Cluster Non-binding Phase
(Petrobras, 19.Nov.2020) — Petrobras, following up on the release disclosed on 23 October 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of eleven onshore production field concessions, with integrated facilities, located in the state of Sergipe, jointly called the […]
Petrobras Comments On Liquigás Divestment
(Petrobras, 18.Nov.2020) — Petrobras, following up on the release disclosed on 19 November 2019, informs the Administrative Council for Economic Defense (CADE), in a Court session held on this date, approved the sale of Liquigás Distribuidora S.A., a wholly-owned subsidiary of Petrobras, to the acquiring group composed of ItaĂşsa S.A., […]
Petrobras Starts Non-binding Phase For Albacora
(Petrobras, 17.Nov.2020) — Petrobras, following up on the release disclosed on 25 September 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste concessions, located predominantly in deep waters in the Campos Basin. Potential buyers qualified for this […]
Petrobras Starts Teaser For Campos Basin Assets
(Petrobras, 16.Nov.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of 50% of its stakes in the concessions of Marlim, Voador, Marlim Leste and Marlim Sul, together called the Marlim Cluster, located in deep waters in the Campos Basin. Petrobras will remain the operator of the […]
Brazil’s ANP To Hold 2nd Permanent Bid Round
(Energy Analytics Institute, 12.Nov.2020) — Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP by its Portuguese acronym) will hold its second permanent bid round where it will offer 14 sectors from exploratory blocks in nine basins (Santos, EspĂrito Santo, Campos, Paraná, Amazonas, RecĂ´ncavo, Sergipe-Alagoas, Potiguar and Tucano) as well […]
Petrobras Board Approves Deadline For Sete Brasil Deal
(Petrobras, 12.Nov.2020) — Petrobras, following up on the release disclosed on 28 September 2020, announced its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brazil to be implemented. The effectiveness of the agreement and of the other related […]
Court Annuls Petros Sentence Arbitration
(Petrobras, 11.Nov.2020) — Petrobras, following up on the releases disclosed on 21 and 29 July, 26 August and 9 October 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and […]
Braskem On Carbon Neutrality By 2050
(Braskem, 10.Nov.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces its latest sustainability ambitions to significantly expand its efforts to eliminate plastic waste in the environment by 2030 and to achieve carbon neutrality by 2050. In 2009, Braskem launched the […]
Equinor Awards Bacalhau Drilling Contracts
(Equinor, 10.Nov.2020) — Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil. The total value of the three contracts is estimated at $455mn. The contracts have a firm period of […]
Essar, Raizen And Ultra Eye Bid For Petrobras’ Refinery
(Reuters, 9.Nov.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers on Dec. 10 for its Rio Grande do Sul state refinery Refap, with Indian conglomerate Essar Group and local firms Raizen and Ultrapar Participacoes SA among its potential bidders, people familiar with the negotiations said. All three […]
Petrobras Finalizes BaĂşna Field Divestment
(Petrobras, 6.Nov.2020) — Petrobras, following up on the releases disclosed on 24 and 28 July 2020, concluded the sale of its entire stake in the BaĂşna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon PetrĂłleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy […]
Petrobras Commences Ceará E&P Assets Binding Phase
(Petrobras, 4.Nov.2020) — Petrobras, following up on the release disclosed on 7 August 2020, informs the beginning of the binding phase regarding the sale of its entire stake in the fields in shallow waters of Tuna, CurimĂŁ, Espada and XarĂ©u (Ceará Cluster), located in the state of Ceará. Potential buyers […]
Petrobras Cuts Natural Gas Price For Distributors
(Petrobras, 4.Nov.2020) — Petrobras has readjusted, on 1 November 2020, the sales prices of natural gas for distributors for the contracts started in January. The adjustments occurred according to parameters negotiated in contractual formulas, due to variations in Brent oil prices and the Real/Dollar exchange rate in the last quarter. […]
Petrobras Reveals Teaser For Bahia E&P Assets
(Petrobras, 4.Nov.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-eight onshore production field concessions, with integrated facilities, located in the RecĂ´ncavo and Tucano Basins, in different municipalities of the state of Bahia, […]
Petrobras Creates Climate Change Exec Management
(Petrobras, 3.Nov.2020) — Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will […]
Petrobras Reinforces Climate Change Initiatives
(Petrobras, 3.Nov.2020) — Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will […]
Petrobras Initiates Araucária Binding Phase
(Petrobras, 30.Oct.2020) — Petrobras, following up onthe press release disclosed on 17 September 2020,informs the beginning of the binding phase regarding the sale of all its shares in the wholly-owned subsidiary Araucária Nitrogenados SA (ANSA). Potential buyers qualified for this phase will receive instructions on the divestment process, including guidelines […]
Petrobras Updates On Dividend Policy
(Petrobras, 28.Oct.2020) — Petrobras informs that its Board of Directors, in a meeting held yesterday, approved the revision of the Shareholders Compensation Policy in order to enable the Management to propose the payment of dividends compatible with the company’s cash generation, even in years with accounting losses. With the changes […]
Petrobras Receives Proposal For Gaspetro
(Petrobras, 27.Oct.2020) — Petrobras informs, regarding the news published in the media, that it received yesterday binding proposals for the sale of its 51% stake in Gaspetro S.A. (Gaspetro) and the proposal of Compass Gás e Energia S.A. was one of those received. The receipt of binding proposals is one […]
Petrobras Approves Ethical Conduct Guide For Suppliers
(Petrobras, 27.Oct.2020) — Petrobras approved the Guide to Ethical Conduct for its suppliers. It is the first document exclusively aimed at our suppliers, with guidelines on expected values and ethical behavior. The Guide applies to all service companies, in Brazil or abroad, that are involved in business processes and have […]
Atlas Renewable Obtains $67mn Loan From IDB Group
(Atlas Renewable Energy, 26.Oct.2020) — Atlas Renewable Energy obtained a $67 million loan from IDB Invest, member of IDB Group, and from DNB Bank ASA (Norway) to finance the construction of Jacaranda, a 187MWp solar project being developed by Atlas Renewable Energy in Brazil, marking the first time that a […]
Karoon Energy Names Julian Fowles As New CEO
(Karoon Energy, 26.Oct.2020) — Karoon Energy Ltd announced Dr Julian Fowles has been appointed as Chief Executive Officer and Managing Director. Dr Fowles will commence with Karoon immediately following the conclusion of Karoon’s annual general meeting on 27 November 2020. Karoon Chairman, Bruce Phillips said, “After an extensive and rigorous […]
Petrobras Reveals Teaser For Sergipe E&P Assets
(Petrobras, 23.Oct.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of a set of eleven onshore production field concessions, with integrated facilities, located in the Sergipe-Alagoas Basin, in different cities in the state of Sergipe, jointly called the CarmĂłpolis Cluster. The teaser, […]
Karoon Gets ANP Approval For BaĂşna Acquisition
(Karoon Energy, 23.Oct.2020) — Karoon Energy Ltd provided the market with the following update on the BaĂşna asset acquisition: — Karoon announced the Board of Directors of the AgĂŞncia Nacional do PetrĂłleo, Gás Natural e BiocombustĂveis (ANP) has approved with conditions, at a board meeting on 22 October 2020, the […]
Petrobras Concludes $1bn Global Notes Offering
(Petrobras, 22.Oct.2020) — Petrobras concluded the offering of its 5.60% Global Notes due January 2031 in the international capital market in the amount of $1bn (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17), by means of its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). Pricing of the notes occurred on October 13, […]
Petrobras Boosts Production Outlook
(Reuters, 20.Oct.2020) — Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields. Petroleo Brasileiro SA, as the company is formally known, said it expects to produce roughly 2.84 million […]
Vitol Recordings Expand Brazilian Oil Bribery Probe
(Reuters, 20.Oct.2020) — Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six […]
Petrobras Reveals Results Of Its Cash Tender Offers
(Petrobras, 20.Oct.2020) — Petrobras announces the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) of any and all of its outstanding notes of the series set forth in the table below (the “Tender Notes” and […]
Petrobras Updates On 3Q:20 Production And Sales
(Petrobras, 20.Oct.2020) — Petrobras’ operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas production in Brazil grew by 9.0% in the first nine months of this year compared to last year. The production of the pre-salt fields increased by […]
Petrobras Delays Bidding For Parque Das Baleias FPSO
(Energy Analytics Institute, 16.Oct.2020) — Rio de Janeiro-based PetrĂłleo Brasileiro SA or Petrobras, announced it has postponed the Integrated Project of Parque das Baleias by around a year; thus, pushing the start of production into 2024 compared to 2023, as originally planned. The Brazilian oil giant plans to preserve the […]
Petrobras Starts Alagoas Assets Binding Phase
(Petrobras, 15.Oct.2020) — Petrobras, following up on the release disclosed on 29 July 2020, informs the beginning of the binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water concessions (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for […]
Oceaneering Inks BOP Deal With Petrobras
(Oceaneering, 13.Oct.2020) — Oceaneering International, Inc. has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up […]
Petrobras Prices Global Notes
(Petrobras, 13.Oct.2020) — Petrobras priced an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed […]
Petrobras To Offer Global Notes
(Petrobras, 13.Oct.2020) — Petrobras’ wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender offers […]