(ANP, 7.Nov.2019) — The 6th Production Sharing Bidding Round, held today (November 7) by ANP, bid the block Aram in the Santos Basin. The Round raised R$ 5.05 billion in...
(Bloomberg, Sabrina Valle, Peter Millard, and Luiza Ferraz, 6.Nov.2019) — Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the...
(Reuters, Gram Slattery, Marta Nogueira, Marianna Parraga, 6.Nov.2019) — Brazil’s biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of state-run oil company Petrobras scared...
(Welligence, 6.Nov.2019) — Brazil’s Surplus Transfer of Rights round (6th November 2019), the biggest resource opportunity of the year globally, has ended in huge disappointment. Only two (Buzios and Itapu)...
(WoodMac, 6.Nov.2019) — Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks....
(Petrobras, 5.Nov.2019) — Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on...
(Project Syndicate, Mauricio Cárdenas, 5.Nov.2019) — Some regard Latin America as the world’s new oil frontier, and think that the region could potentially add three million barrels per day to...
(Americas Quarterly, Naki Mendoza, 5.Nov.2019) — A pre-salt auction 20 years in the making could have broad repercussions for the economy and Jair Bolsonaro’s government. Since its first pre-salt auction...
(Petrobras, 4.Nov.2019) — Petrobras informs, in addition to the press releases issued on August 9 and October 4, 2019, that it has decided to extend until November 11, 2019 the...
(Petrobras, 1.Nov.2019) — Petrobras reports that it has started the opportunity disclosure stage (teaser) regarding the sale of its interest in 15 onshore exploratory blocks, located in the Sergipe-Alagoas Basin....
(Petrobras, 1.Nov.2019) — Petrobras, following on the press release issued on 08/08/2019, reports that its subsidiary Petrobras Biocombustíveis S.A. (“PBIO”) completed today the sale of its 50% stake in Belem...
(Petrobras, 1.Nov.2019) — Petrobras, following the press release issued on October 31, 2019, reports that it has signed today the Amendment to the Transfer of Rights Agreement. The signing of...
(Oilprice.com Julianne Geiger, 31.Oct.2019) — Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the...
(Petrobras, 31.Oct.2019) — Petrobras in addition to the press release issued on October 23, 2019, reports that the signing of the Amendment to the Transfer of Rights Agreement was postponed...
(FT.com, Gideon Long, 28.Oct.2019) — Colombia’s proven oil reserves will run out within the next seven years and its gas reserves within 10. Faced with that bleak prospect, it needs...
(Petrobras, 24.Oct.2019) — Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the sale of downstream assets, which...
(Kallanish, 23.Oct.2019) — Brazil has collected some 900 tonnes of oil residue from its northeastern beaches since early September, the government said in a joint note Monday. According to the...
(Petrobras, 23.Oct.2019) — Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the...
(Reuters, Gram Slattery, Marta Nogueira, 22.Oct.2019) — Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to...
(Bloomberg, Sabrina Valle, 21.Oct.2019) — An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according...
(Oilprice.com, Julianne Geiger, 21.Oct.2019) — Brazil’s next oil auction, scheduled for November, may be the best one yet, raking in as much as $50 billion in auction proceeds, Bloomberg sources...
(Petrobras, 18.Oct.2019) — Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil,...
(Reuters, 18.Oct.2019) — Brazilian President Jair Bolsonaro questioned on Friday whether a far-reaching oil spill on the nation's northeastern shore may have been a criminal act designed to harm a...
(Reuters, Gram Slattery and Marta Nogueira, 16.Oct.2019) — Brazil’s Senate passed the main text of a bill defining the distribution of proceeds from a blockbuster auction of oil prospecting rights,...
(Reuters, 15.Oct.2019) — A Brazilian Senate committee cleared the way for what may be a record-setting offshore oil rights auction on Tuesday, approving a government deal with state-run oil company...
(Petrobras, 15.Oct.2019) — Petrobras signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two...
(Bloomberg, Peter Millard, 14.Oct.2019) — For two years, Bolivia pushed to boost natural gas production, a longtime key to its prosperity, by drilling for new discoveries on its southeastern lowlands....
(Petrobras, 11.Oct.2019) — Petrobras signed with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the...
(Petrobras, 10.Oct.2019) — Petrobras acquired one offshore block in the 16th ANP Bidding Round under the Concession Regime, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP)....
(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments...
(The Wall Street Journal, Luciana Magalhaes and Jeffrey T. Lewis, 9.Oct.2019) — Long stretches of Brazil’s northeastern coast have been stained by oil slicks since early September, and at least...
(SBM, 9.Oct.2019) — SBM Offshore received notification that the Federal Court has formally closed the Improbity Lawsuit filed by the Brazilian Federal Prosecutors Office (Ministério Público Federal, MPF) in 2017....
(Petrobras, 9.Oct.2019) — Petrobras, following up to the Strategic Partnership signed on 12/18/2017, celebrated a Memorandum of Understanding (MOU) with Equinor ASA – Equinor, a company based in Oslo (Norway),...
(DW.com, 8.Oct.2019) — President Jair Bolsonaro has suggested a criminal element to the mystery oil slicks polluting Brazil's northeast coast. About 100 oil spills have been detected along the nation's...
(Petrobras, 8.Oct.2019) — Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and Vermelho fields, located in shallow...
(Petrobras, 4.Oct.2019) — Petrobras informs that in connection to the press released of August 1st, 2019 is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph...
(Petrobras, 4.Oct.2019) — Petrobras, following up on the release dated 09/13/2019, informs the beginning of the non-binding phase related to the sale of the Gabriel Passos Refinery (REGAP) in Minas...
(Petrobras, 4.Oct.2019) — Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and on October 24, also after...
(Petrobras, 4.Oct.2019) — Petrobras informs, in addition to the press release issued on August 9, 2019, that the Comisión Nacional de Valores (CNV), the Argentine capital market regulator, has authorized...
(Petrobras, 1.Oct.2019) — Petrobras informs that since May 2019 has been negotiating with unions to reach an understanding on the 2019-2020 Collective Bargaining Agreement (“ACT”). After more than 20 meetings...
(Petrobras, 30.Sep.2019) — Petrobras signed with the company Central Resources do Brasil Produção de Petróleo Ltda. contracts for the sale of all its stake in the onshore fields of Ponta...
(Bloomberg, Peter Millard and Kelly Gilblom, 30.Sep.2019) — It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore...
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the...
(Reuters, 30.Sep.2019) — A major refinery owned by Brazilian state-run oil firm Petrobras was already undergoing a scheduled stoppage when a fire broke out over the weekend, the company told...
(Reuters, Marta Nogueira and Roberto Samora, 26.Sep.2019) — Brazil's environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country's northeastern beaches showed the...
(Petrobras, 26.Sep.2019) — Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for the new 2020-2024 plan, which...
(Petrobras, 26.Sep.2019) — Petrobras reports that it has approved a new Voluntary Severance Program (“PDV”) exclusively for employees working in the company’s corporate segment. The initiative is part of the...
(Petrobras, 26.Sep.2019) — Petrobras reports that the Board of Directors, in a meeting held yesterday, elected, effective 10/01/2019, Mr. Nicolás Simone for the role of Digital Transformation and Innovation Executive...
(Petrobras, 25.Sep.2019) — Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th issuance of simple, non-convertible, unsecured debentures, in up to...
(Argus, 24.Sep.2019) — Petrobras has begun stockpiling low-sulphur fuel oil in Malaysia and Singapore as the 1 January start date approaches for new global marine fuel sulphur regulations. Petrobras is...
(Reuters, 23.Sep.2019) — An oil production unit supporting the operations of Brazilian state-controlled oil firm Petroleo Brasileiro SA has been paralyzed since Sept. 19 due to regulatory issues, the operator,...
(Petrobras, 23.Sep.2019) — Petrobras reports that platform P-50, located in the Campos Basin, in the Albacora Leste field, had its production preemptively halted on Sunday night, due to the disruption...
(Petrobras, 20.Sep.2019) — Petrobras entered into a Cession Agreement of Credit Rights, allowing the advance of about R$ 8.4 billion of receivables from Eletrobras, recognized in the Debt Assumption Agreements...
(Petrobras, 18.Oct.2019) — Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil,...
(Reuters, Gram Slattery and Marta Nogueira, 16.Sep.2019) — - Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in...
(Petrobras, 16.Sep.2019) — Petrobras reports that the P-68 platform left today the Jurong Aracruz Shipyard, heading to the Berbigão and Sururu fields, in the Santos Basin pre-salt. Production of these...
(Petrobras, 16.Sep.2019) — Petrobras announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”), by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”),...
(Petrobras, 16.Sep.2019) — Petrobras reports that it received the Official Letter No. 830/2019-SLS, which requests the following clarification: Official Letter no. 830/2019-SLS “Dear Gentlemen, In a news report published by...
(Petrobras, 16.Sep.2019) — Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according...
(Petrobras, 13.Sep.2019) — Petrobras, following up on the releases disclosed on April 26, 2019 and June 28, 2019, reports the beginning of the opportunity disclosure stage (teasers) regarding the second...
(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and...
(Petrobras, 13.Sep.2019) — Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: Internal Recruitment, Termination by Mutual...
(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and...
(Petrobras, 10.Sep.2019) — Petrobras, following up on the release dated 03/08/2019, concluded the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin,...
(Petrobras, 6.Sep.2019) — Petrobras, following up on the release dated 06/11/2019, reports the beginning of the binding phase to sell all of its stakes in 27 onshore exploration and production...
(Petrobras, 5.Sep.2019) — Petrobras reports that the Brazilian Senate approved the Constitutional Amendment Proposal (CAP) that allows the Federal Government to share with states, the Federal District and municipalities the...
(Petrobras, 3.Sep.2019) — Petrobras is receiving one of the most important awards in the petroleum and gas industry, given by the Brazilian chapter of the Offshore Technology Conference (OTC Brazil),...
(Reuters, 3.Sep.2019) — Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that...
(Petrobras, 3.Sep.2019) — Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil equivalent per day (boed), with...
(Petrobras, 2.Sep.2019) — Petrobras, following up on the release dated 08/09/2019, reports the beginning of the binding phase to sell all of its operated working interest in 11 producing shallow...
(Petrobras, 30.Aug.2019) — Petrobras, following up on the releases disclosed on 06/28/2019 and 07/15/2019, referring to the first stage of the sale processes of downstream and logistics assets in Brazil,...
(Petrobras, 30.Aug.2019) — Petrobras was notified on the suspension of the public offering of simple, non-convertible, unsecured debentures, in up to three (3) series, of the seventh (7th) issue of...
(Petrobras, 28.Aug.2019) — Petrobras says its Board of Directors, in a meeting held today, approved the new Shareholder Compensation Policy. The new policy aims to establish an objective parameter for...
(Petrobras, 28.Aug.2019) — Petrobras, following up on the release disclosed on Aug. 26, reports that Modec has informed the company that the FPSO Cidade do Rio de Janeiro, located in...
(Petrobras, 28.Aug.2019) — Petrobras reports that its Board of Directors, in a meeting held today, elected Mr. Marcelo Barbosa de Castro Zenkner for the position of Chief Governance and Compliance...