(Petrobras, 6.Feb.2023) — Petrobras will release its 4Q:22 Production and Sales Report on 8 February 2023 and its 4Q:22 Financial Performance Report on 1 March 2023, both after the markets close. On 2 March 2023, two webcasts will be held, the first in Portuguese and the second in English, to […]
Tag: Petrobras
Petrobras on CARF Judgment
(Petrobras, 1.Feb.2023) — Petrobras informs that, in a session held today, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeals filed by the company and decided that IRPJ and CSLL taxes are due on the […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that “in this uncertain global environment, energy is […]
Petrobras on Rating Confirmation by Fitch
(Petrobras, 31.Jan.2023) — Petrobras informs that the rating agency Fitch reaffirmed its rating at “BB-“, with stable outlook, following Brazil’s rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the company’s […]
Petrobras on Receiving R$430mn Earnout from Baúna
(Petrobras, 30.Jan.2023) — Petrobras, following up on the releases disclosed on 24 July 2020, 28 July 2020 and 9 November 2020, informs that it received today from Karoon Petróleo & Gás Ltda, a subsidiary of Karoon Energy Ltd, the amount of R$430mn, equivalent to the contingent payment of the oil […]
New Global Finds Drive Exploration to Value Creation
(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33bn of value and achieved full-cycle returns of 22%, at $US60/barrel Brent […]
Petrobras on Indication of Members of Executive Board
(Petrobras, 27.Jan.2023) — Petrobras, regarding the pieces of news in the media, clarifies that it has not yet been formally communicated about the indication of the members of the Executive Board of the company. Following the usual procedures for nominating company managers, the nominee’s name must go through Petrobras’ internal […]
Petrobras Receiving R$1.3bn Earnout from Sépia
(Petrobras, 27.Jan.2023) — Petrobras received today, up front, the amount of R$1.3bn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Sépia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies‘ 28%, Petronas’ 21% and QP Brasil Ltda’s […]
Petrobras Approves Election of Jean Paul Terra Prates as CEO
(Petrobras, 26.Jan.2023) — Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras’ Director, until the next General Shareholders’ Meeting and elected him as the company’s CEO, the latter with a mandate until 13 April 2023, the same term […]
Petrobras Collects $1.6bn With Conclusion of Albacora Leste Field Divestment
(Petrobras, 26.Jan.2023) — Petrobras, following up on the releases disclosed on 26 January 2023 and 27 April 2022, has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro […]
Petrobras Approves the Company’s Tax Policy
(Petrobras, 26.Jan.2023) — Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy applicable to the company and its equity holdings. “The Policy reiterates Petrobras’ commitment to ensure that tax management, which covers taxes and […]
Petrobras on Proved Reserves in 2022
(Petrobras, 26.Jan.2023) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to US SEC (Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of 31 December 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this […]
Petrobras on Divestment of UFN-III
(Petrobras, 24.Jan.2023) — Petrobras, following up on the release disclosed on 29 August 2022, informs that, observing the applicable internal governance, the closing of the competitive process, which was in the binding phase, for the integral sale of the Unidade de Fertilizantes Nitrogenados III (UFN-III) was approved. Petrobras will evaluate […]
Petrobras on Receiving Earnout from Atapu
(Petrobras, 23.Jan.2023) — Petrobras, following up on the Material Facts disclosed on 9 April 2021, 13 April and 27 April 2022, informs that it received today, up front, from TotalEnergies EP Brasil Ltda, the amount of R$313mn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related […]
Petrobras to Pay 2nd Remuneration Installment to Shareholders
(Petrobras, 19.Jan.2023) — Petrobras, following up on the Material Fact disclosed on 3 November 2022 and Notice to the Market of 18 November 2022 and 13 January 2023, informs that today it will pay the 2 nd installment of the remuneration to shareholders approved by its Board of Directors in […]
Petrobras Achieves 2022 Annual Production Target
(Petrobras, 17.Jan.2023) — Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on 24 November 2021 and revised on 14 January 2022, within the considered margin of 4% for more or for less. Total oil and gas […]
Petrobras on Letter Confirming Jean Paul Terra Prates as CEO
(Petrobras, 13.Jan.2023) — Petrobras, in addition to the material fact of 3 January 2023, informs that it received a letter from the Ministry of Mines and Energy on yesterday’s date, confirming the nomination of Mr. Jean Paul Terra Prates as CEO of Petrobras and a member of the Board of […]
Petrobras on Payment of Compensation to Shareholders
(Petrobras, 13.Jan.2023) — Petrobras informs that will pay on 19 January 2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 3 November 2022 and Notice to the Market of 18 November 2022, based on the shareholding […]
Lula Team Wants to Halt Petrobras Sale of Nat Gas Assets
(Bloomberg, 6.Jan.2023) — Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned […]
Petrobras Supports UN Initiative Focused on Reducing Methane Emissions
(Petrobras, 6.Jan.2023) — Petrobras has taken another important step towards a low carbon future: it has signed an agreement with the Oil & Gas Methane Partnership 2.0 (OGMP), a global initiative coordinated by the UN dedicated to the quantification and management of methane emissions, focusing on climate change mitigation. Recognized […]
Petrobras on Management Change
(Petrobras, 4.Jan.2023) — Petrobras informs that its Board of Directors, in a meeting held on this date, approved the early termination of Mr. Caio Mário Paes de Andrade’s term as CEO of Petrobras, effective as of today. Due to the vacancy of the position, the Chairman of the Board of […]
Energy Analytics Institute’s NRGBriefs: December 2022
(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on Venezuela resulting in increased US imports of that heavy/sour crude; twin-island country Trinidad and Tobago eying its annual energy conference in Port of Spain; Savannah […]
Petrobras News in the Media
(Petrobras, 30.Dec.2022) — Petrobras, regarding the pieces of news in the media about 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 […]
Petrobras on Naming of New CEO
(Petrobras, 30.Dec.2022) — Petrobras, in relation to the news published in the media, clarifies that it has not yet been formally communicated of the nomination of Mr. Jean Paul Prates for the presidency of the company. Following the usual procedures for nominating the company’s managers, the nominee’s name must go […]
LatAm Politics Today from Argentina to Peru
(Reuters, 23.Dec.2022) — The latest in Latin American politics today: ex-ministers in Peru recount Castillo’s dramatic final day, U.S. court rejects Maduro ally’s bid to dismiss charges, CEO of Brazil’s Petrobras to resign before end of April, and Panama aims to reach ‘fair’ deal with miner First Quantum. Argentine president […]
Petrobras on Divestment of UEG Araucária S.A. Stake
(Petrobras, 22.Dec.2022) — Petrobras, following up on the release disclosed on 12 July 2022, informs that its Executive Board approved adjustments to the competitive process for the sale of all of its 18.80% stake in UEG Araucária S.A. (UEGA), with the end of the current phase and the restart of […]
Petrobras Concludes Divestment of Papa-Terra Field
(Petrobras, 22.Dec.2022) — Petrobras, following up on the release disclosed on 12 July 2021, informs that today it concluded the sale of the totality of its stake in the PapaTerra production field, located in the Campos Basin, to the company 3R Petroleum Offshore S.A. (3R Offshore). The operation was concluded […]
Petrobras on the Start of P-71 Production
(Petrobras, 21.Dec.2022) — Petrobras put into operation, this 21 December 2022, the P-71 platform vessel, installed in the Itapu field, in the Santos Basin pre-salt area, 200 km off the coast of Rio de Janeiro. The start of production has been anticipated, as it was originally scheduled for 2023. From […]
Petrobras on Divestment of Araucária Nitrogenados S.A.
(Petrobras, 19.Dec.2022) — Petrobras, following up on the release disclosed on 30 October 2020, informs that, observing the applicable internal governance, the termination of the competitive process for the sale of all its shares in the wholly owned subsidiary Araucária Nitrogenados S.A. (ANSA), which was in the binding phase, was […]
Brazil Bid Round Alert: Welligence
(Welligence, 16.Dec.2022) — Brazil bid round alert! The first PSC Permanent Offer round was held today, with 4 of the 11 blocks on offer in the Santos and Campos basins awarded. The involvement of large international companies is encouraging, but most of the acreage awarded was lower risk, including areas […]
Petrobras on ANP 1st Cycle Auction Result
(Petrobras, 16.Dec.2022) — Petrobras acquired the Sudoeste de Sagitário, Água Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Production Sharing Offer of the National Petroleum, Natural Gas and Biofuels Agency (ANP). Petrobras has acquired the Sudoeste de Sagitário block in partnership with Shell Brasil. The consortium […]
Petrobras on the CDP
(Petrobras, 14.Dec.2022) — Petrobras has become part of the list of global companies that stand out in climate change mitigation actions, as announced by the international organization CDP, formerly known as the Carbon Disclosure Project. The company received an A- rating in recognition of its good practices on this topic […]
Petrobras on the Bahia Terra Cluster
(Petrobras, 12.Dec.2022) — Petrobras informs that, after an audit carried out by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), it received, on 12 December 2022, an interdiction notice for the shutdown of operations in 37 onshore oil and gas production facilities in Bahia. The company is taking […]
Energy Analytics Institute’s NRGBriefs: November 2022
(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]
Petrobras on Petrobras Day
(Petrobras, 30.Nov.2022) — Petrobras will hold Petrobras Day on 1 December 2022. There will be two webcasts, the first in Portuguese and the second in English, with presentations about our new Strategic Plan 2023-27. Petrobras will use the Microsoft Teams tool (link below) for the event. 1 December 2022 […]
Petrobras Concludes REMAN Divestment
(Petrobras, 30.Nov.2022) — Petrobras, following up on the release disclosed on 25 Aug. 2021, 10 Mar. 2022, 13 May 2022 and 30 Aug. 2022, informs that it has today finalized the sale of the shares of Refinaria de Manaus S.A. (Manaus Refinery), which was formed to hold Refinaria Isaac Sabbá […]
Petrobras Concludes Transfer of Interest in Búzios
(Petrobras, 30.Nov.2022) — Petrobras, following up on the releases disclosed on 29 Sep. 2021, 4 Oct. 2021, 4 Mar. 2022 and 24 Nov. 2022 informs that it concluded today the assignment of 5% of its interest in the Production Sharing Contract of the Surplus Volume of the Transfer of Rights, […]
Petrobras on Petros Plan
(Petrobras, 30.Nov.2022) — Petrobras informs that it was disclosed by the Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Council approved the Deficit Equalization Plan (PED) for the year 2021 of the Renegotiated Petros Pension Plan (PPSP-R), because this plan has exceeded the legal limit of tolerance to technical […]
Petrobras on Sale of Thermal Power Plant
(Petrobras, 30.Nov.2022) — Petrobras, following up on the releases disclosed on 14 Aug. 2020 and 15 Jun. 2020, informs that its Executive Board has approved the termination of the competitive process for the sale of the Canoas Thermoelectric Plant (UTE Canoas). Despite the efforts made in this process, it was […]
Petrobras Approves Strategic Plan 2023-27
(Petrobras, 30.Nov.2022) — Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered an operational and financial performance in line with its commitment to generate value for society and shareholders and in full […]
Petrobras on Shareholder Remuneration Policy, Gross Debt
(Petrobras, 27.Nov.2022) — Petrobras, regarding the news in the media about the Shareholder Remuneration Policy, approved by the Board of Directors in 2019 and improved in 2020 and 2021, clarifies that the payment of extraordinary dividends is provided for in the Policy. In addition, the company does not take on […]
Petrobras on $1.9bn Payment by CNOOC for Búzios Field Participation
(Petrobras, 24.Nov.2022) — Petrobras, following up on the releases of 29 Sep. 2021, 4 Oct. 2021 and 04 Mar. 2022, informs that it has received today the amount of R$ 10.3bn, equivalent to US$1.9bn by the PTAX exchange rate of 24 Nov. 2022, related to the assignment of 5% of […]
Petrobras on Shareholder Remuneration Distribution Method
(Petrobras, 18.Nov.2022) — Petrobras, following up on the releases disclosed on 3 November 2022, informs that the distribution of the second installment of the remuneration to shareholders, approved by the Board of Directors on that date, to be paid on 19 January 2022, in the amount of R$ 1.67445, will […]
![Petrobras Financial Performance in 3Q22 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/petrobras2.jpg)
Petrobras Financial Performance in 3Q22 [PDF Downloads]
(Petrobras, 3.Nov.2022) — The message from Petrobras CFO Rodrigo Araujo Alves about the company’s third quarter of 2022 results. Dear shareholders and investors, Once again, I am pleased to share with you the excellent results achieved by Petrobras in the third quarter of 2022. The numbers make clear the value […]
Petrobras on Leniency Agreements
(Petrobras, 1.Nov.2022) — Petrobras informs that it received, over the last quarter, the devolution of about R$439mn, recovered through leniency agreements with Camargo Corrêa, Novonor S.A. (formerly known as Odebrecht S.A.) and SBM, as well as Pedro Barusco’s collaboration agreement. With these devolutions, the total amount of funds transferred to […]
Petrobras on Coparticipated Area of Sépia
(Petrobras, 31.Oct.2022) — Petrobras confirms a discovery of oil in the Coparticipated Area of Sépia with the drilling of well 4-BRSA-1386D-RJS, in the northwestern part of the field. The well is located 250 km south of the city of Rio de Janeiro, under a water depth of 2197 meters, and […]
Energy Analytics Institute’s NRGBriefs: October 2022
(Energy Analytics Institute, 31.Oct.2022) — Energy briefs as well as others related to finance and politics during October 2022 including US President Joe Biden congratulating Luiz Inácio Lula da Silva on his election victory in Brazil over Jair Bolsonaro; Equinor inviting analyst to provide estimate for the third quarter of […]
![Petrobras Highlights 3Q:22 Production and Sales [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/10/brazil-3q22-rpt-source-petrobras.png)
Petrobras Highlights 3Q:22 Production and Sales [PDF Download]
(Petrobras, 24.Oct.2022) — In 3Q22, Petrobras said it kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes […]
Petrobras on Divestment of Onshore Fiber Optic Network
(Petrobras, 21.Oct.2022) — Petrobras, following up on the release disclosed on 30 September 2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in […]
Petrobras to Host 3Q:22 Webcasts
(Petrobras, 14.Oct.2022) — On 4 November 2022, two webcasts will be held, the first in Portuguese and the second in English, to present Petrobras‘ results for the third quarter of 2022. Petrobras will use the Microsoft Teams tool (link below) for the event. 4 Nov. 2022 (Friday) Webcast – Portuguese […]