(Petrobras, 3.Feb.2022) — Petrobras expressed to the National Energy Policy Council (CNPE) the interest in the right of first refusal in blocks to be bid in the Permanent Offer System, under the Production Sharing Agreement, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017. The company’s Executive Board approved the expression […]
Tag: Petrobras
Brazil Imports First Cargo of Guyanese Crude -Source
(Reuters, 3.Feb.2022) — An independent refiner has imported the first cargo of Guyanese crude oil into Brazil, according to tanker tracking data and a person familiar with the deal. Since oil exports began about two years ago, the tiny South American nation of fewer than 800,000 residents is becoming an […]
Petrobras on Receiving Last Installment of the Block BM-S-8 Sale
(Peterobras, 1.Feb.2022) — Petrobras, following up on the releases disclosed on 22 November 2016, 21 March 2018 and 9 December 2021, informs that it received from Equinor Brasil Energia Ltda. the amount of $475mn, equivalent to half of the third installment related to the sale of its stake in the […]
Petrobras Inks Deal to Divest Potiguar Cluster
(Petrobras, 31.Jan.2022) — Petrobras, following up on the release disclosed on 28 January 2022, informs that it signed today with the company 3R Potiguar S.A., a wholly owned subsidiary of 3R Petroleum Ă“leo e Gás S.A., a contract for the sale of the totality of its stake (100%) in a […]
Petrobras Cancels Braskem Public Offering
(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 16 December 2021 and 17 January 2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would […]
Petrobras on Urucu Cluster Divestment
(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 7 December 2020 and 1 February 2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in […]
Petrobras Proved Reserves Reach 9.9 BN BOE in 2021
(Petrobras, 28.Jan.2022) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of 31 December 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this […]
Petrobras on Albacora and Albacora Leste Divestment
(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]
TechnipFMC Awarded Large EPCI Contract by Petrobras for BĂşzios 6 Field
(TecnhipFMC, 24.Jan.2022) — TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its BĂşzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, […]
Petrobras on Potiguar Cluster Divestment
(Petrobras, 19.Jan.2022) — Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara CamarĂŁo refinery, in the state of Rio Grande do Norte, clarifies that, as […]
Petrobras on Sale of Braskem Stake
(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]
Petrobras Comments on 2021 Production, Cuts 2022 Target
(Petrobras, 14.Jan.2022) — Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the SĂ©pia field, in the Santos Basin pre-salt; • own production in the pre-salt, […]
Petrobras Still Seeking to Divest up to 100% in Braskem
(Petrobras, 6.Jan.2022) — Petrobras, regarding the news published in the media, clarifies that, as disclosed on 16 December 2021, it maintains its position of seeking the sale of up to 100% of the preferred shares it holds in Braskem S.A., to be conducted through secondary public offering(s) of shares (follow-on), […]
Petrobras, Novonor Pick Banks for $1.5bn Braskem Share Sale
(Bloomberg, 5.Jan.2022) — The controlling shareholders of Braskem SA, one of the world’s top petrochemical makers, have picked banks to unload a roughly $1.5 billion stake in the firm, people familiar with the matter said. Novonor — previously known as Odebrecht — and oil giant Petrobras are working with JPMorgan […]
![Brazil’s Oil Production Rose 2.7% in November [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/anp-brasil-oil.jpg)
Brazil’s Oil Production Rose 2.7% in November [PDF Download]
(Energy Analytics Institute, 3.Jan.2022) — Brazil’s national production of crude oil and natural gas totaled 3,711 million barrels of oil equivalent per day (MMboe/d) in November 2021, comprised of 2,852 million barrels per day (MMb/d) of oil and 137 million cubic meters (MMm3/d) of gas. Brazil’s oil production in November […]
Brazilian Elections Will Not Affect Petrobras Pricing, CEO Pledges
(Reuters, 30.Dec.2021) — Brazil’s 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA, as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows […]
Petrobras Responds to Preliminary Injunctions on Gas Contracts
(Petrobras, 30.Dec.2021) — Petrobras was notified, on this date, of preliminary decisions rendered by the Court of Justice of the State of Rio de Janeiro that determined the maintenance of the conditions of the contracts entered into between Petrobras and state distributors (CEG and CEG RIO), which will expire on […]
Petrobras On LPG Focused Social Program
(Petrobras, 22.Dec.2021) — Petrobras, following up on the releases disclosed on 29 September and 8 December 2021, informs that its Board of Directors approved the allocation of R$270mn that will be used throughout 2022 in the social program of access to cooking gas cylinders (liquefied petroleum gas – LPG) for […]
Petrobras Concludes Sale of Bahia Onshore Fields
(Petrobras, 22.Dec.2021) — Petrobras, following up on the release disclosed on 23 Dec. 2020, informs that it concluded today the sale of its total stake in 12 onshore exploration and production fields, called Remanso Cluster, located in the state of Bahia, to PetroRecĂ´ncavo S.A.. After compliance with the preceding conditions, […]
Petrobras Completes Renewal of its Shelf Registration
(Petrobras, 22.Dec.2021) — Petrobras completed the renewal of its shelf registration with the US Securities and Exchange Commission (SEC). The shelf registration allows Petrobras to offer securities in the US capital markets in an agile and comprehensive manner, taking advantage of market opportunities, with the objective of reducing costs and […]
Petrobras Submits Development Plan for Tupi and Iracema
(Petrobras, 22.Dec.2021) — Petrobras, as the operator of the Tupi Field, submitted to the National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area. In this revision, the Tupi Consortium proposes new investments to […]
Petrobras on Contracts with TAG
(Petrobras, 22.Dec.2021) — Petrobras informs that, as part of the actions taken to open the Brazilian natural gas market, signed, today, with Transportadora Associada de Gás S.A. (TAG) the Flexibility Reduction Agreement to be used by Petrobras (Agreement) and amendments to the Malha Nordeste, Gasene and Pilar-Ipojuca Natural Gas Transportation […]
Petrobras Comments on Divestment of Paraná Basin Assets
(Petrobras, 20.Dec.2021) — Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed with Ubuntu Engenharia e Serviços Ltda a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is $31 thousand […]
TotalEnergies and Shell Stand Out in Brazilian Oil Auction
(Bloomberg, 17.Dec.2021) — European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro. TotalEnergies won stakes in both of the deepwater fields on offer Friday, […]
ANP Reveals Result of 2nd Bid Round for TOR Surplus
(Petrobras, 17.Dec.2021) — Petrobras acquired the exploration and production rights of the volumes exceeding those of the Transfer of Rights in the Atapu and Sepia offshore fields in the 2nd Bidding Round for the Transfer of Rights surplus under the Production Sharing Regime, held today, by the National Agency of […]
Petrobras Inks $5bn Revolving Credit Line Deal
(Petrobras, 16.Dec.2021) — Petrobras signed, today, a revolving credit facility (RCF) in the amount of $5bn, maturing in December 2026, with the possibility of being extended in up to two years. The agreement, signed with 16 banks, allows the company to draw on the line until the month before maturity, […]
Petrobras Carries Out Payment To Shareholders
(Petrobras, 15.Dec.2021) — Petrobras, following up on the releases disclosed on 4 August 2021, 28 September 2021, and 19 November 2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of […]
Petrobras Reports Stoppage At Manati Gas Field
(Petrobras, 13.Dec.2021) — Petrobras said that on 10 December 2021 the production of gas from the Manati field, located in the Camamu Basin, in the state of Bahia, was halted due to the closure of the subsea valve of the export pipeline. The pipeline’s operation was safely interrupted and teams […]
Petrobras On Relavant Goldman’s Shareholding Position
(Petrobras, 9.Dec.2021) — Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman […]
Excelerate Energy Initiates Ops At Bahia LNG Terminal
(Excelerate, 9.Dec.2021) — Excelerate Energy L.P. announced that on 8 December 2021 it started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia. Excelerate’s floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing […]
CCUS and Upstream Production in Brazil
(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply Chain Service from November 2021. Petrobras has one of the three largest (if not the largest) carbon capture, utilization, and storage (CCUS) projects in operation […]
Petrobras Inks Deal For RLAM Transfer
(Petrobras, 26.Nov.2021) — Petrobras, regarding the news published in the media about the signing of the final transfer of the Landulpho Alves Refinery (RLAM) to Mubadala, clarifies that, as disclosed on 24 March 2021, it signed with MC Brazil Downstream Participações, a company of the Mubadala Capital group, a contract […]
Petrobras To Lease The TermoCamaçari Plant
(Petrobras, 26.Nov.2021) — Petrobras, following up on the release disclosed on 11 May 2021, informs that, after resuming negotiations with Proquigel QuĂmica S.A., a subsidiary of Unigel Participações S.A., for the leasing of the TermoCamaçari Thermal Power Plant (UTE TermoCamaçari), located in the State of Bahia, the negotiation was successfully […]
Petrobras Updates On Possible Braskem Offer
(Petrobras, 26.Nov.2021) — Petrobras, regarding the news published in the media about a possible offer of preferred shares of Braskem in the first quarter of 2022, clarifies that, as disclosed on 8, 9, 20 of June and 30 August, 1 October and 22 November, its stake in Braskem is still […]
Petrobras Says Conditions Met To Suspend Judicial Deal With CEA
(Petrobras, 25.Nov.2021) — Petrobras, following up on the release disclosed on 11 May 2021, informs that the suspensive conditions related to the judicial agreement signed with Companhia de Eletricidade do Amapá (CEA) for the conclusion of litigation and credit recovery by Petrobras have been met. Thus, the agreement will generate […]
Petrobras Reveals Dividend Policy Details
(Petrobras,24.Nov.2021) — Petrobras‘ Board of Directors, in a meeting held today, approved the revision of the Shareholder Remuneration Policy (Dividend Policy). The enhancement of the Dividend Policy has become important because of the anticipated achievement of the target of gross debt below $60bn in the 3rd quarter of 2021, originally […]
![Petrobras Approves Strategic Plan 2022-26 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/11/plataforma-est-01-source-petrobras.png)
Petrobras Approves Strategic Plan 2022-26 [PDF Downloads]
(Petrobras, 24.Nov.2021) — Petrobras‘ Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2022-2026 (SP 2022-26). With the vision of “Being the best energy company in value generation, focused on oil and gas, sustainability, safety, respect for people and the environment,” Petrobras reaffirms […]
Ceiba Energy Completes Purchase of Breitener Energética
(Ceiba Energy, 16.Nov.2021) — Ceiba Energy, a Houston-based power company with a focus in Latin American markets, completed the acquisition of 100% of Breitener EnergĂ©tica S.A. from Petrobras and other minority partners. Ceiba Energy is backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm. Breitener […]
Ecopetrol 3Q:21 Earnings Transcript
(Motley Fool, 10.Nov.2021) — Colombia’s state oil and gas company Ecopetrol hosted a webcast to report and discuss its third quarter 2021 earnings results. What follows is the transcript of the call. Operator Welcome to Ecopetrol’s earnings conference call, in which we will discuss the main financial and operational results […]
Bolsonaro: Petrobras Pricing Independent
(Reuters, 6.Nov.2021) — Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the firm. “We know about inflation, the rise in fuel prices. We know about Petrobras. The company is independent unfortunately, independent. […]
Petrobras Finalizes Divestment Of Power Companies
(Petrobras, 5.Nov.2021) — Petrobras, following up on the release disclosed on 29 July 2021, says it has concluded the sale of its stakes of 20% in TermelĂ©trica Potiguar S.A. (TEP) and 40% in Companhia EnergĂ©tica Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. […]
Petrobras In Negotiations With Petro Rio
(Petrobras, 5.Nov.2021) — Petrobras, following up on the release disclosed on 7 Oct. 2021, about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that its Executive Board concluded the analysis of the proposals received and, yesterday, it approved the start of the negotiation […]
Petrobras Comments On Communication From Controlling Shareholder
(Petrobras, 5.Nov.2021) — Petrobras clarifies that, due to news released in the media recently, consulted its controlling shareholder on the existence of information to be disclosed to the market in accordance with the CVM Resolution 44/2021. In communication received on 3 November 2021, the Ministry of Mines and Energy (MME) […]
Petrobras Releases 3Q:21 Report [PDF Download]
(Petrobras, 29.Oct.2021) — In 3Q21, Petrobras posted excellent operating and financial results. According to CEO Joaquim Silva e Luna, “It is with great honor that I share with you the results achieved. We reached our debt target much earlier than planned and we are sharing part of the wealth generated […]
Pemex Back In Red Despite Oil Production Uptick
(Reuters, 28.Oct.2021) — Higher tax payments and foreign exchange losses pushed Mexico’s Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered somewhat, the state oil company said on Thursday. Pemex lost 62.8 billion pesos ($3 billion) compared to a profit of 1.4 billion pesos […]
Bolsonaro Says Petrobras Privatization Is ‘On Our Radar’ As Fuel Prices Rise
(Reuters, 25.Oct.2021) — Brazilian President Jair Bolsonaro reiterated that he is considering the privatization of state-run oil company Petrobras, boosting its shares along with news of a fresh price hike in the domestic gasoline and diesel market. “This is on our radar,” the far-right president said during a radio interview. […]
![NRGBriefs: Venezuelan Production Goals [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/PDVSA_1_t640x360-latamnrg.jpg)
NRGBriefs: Venezuelan Production Goals [PDF Download]
(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. entering into a binding agreement w/ West African Resources Limited; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — On 29 Oct. 2021 Petobras will […]
Petrobras On Campos Basin Teaser
(Petrobras, 22.Oct.2021) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake (100%) in the Catuá Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the state of EspĂrito Santo. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras Investor Relations website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers. The main […]
Petrobras Expands On ANP Agreement
(Petrobras, 22.Oct.2021) — Petrobras informs that, on 14 October 2021, its Executive Board analyzed and approved the submission to the Board of Directors of a proposal to enter into an Agreement between Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) related to royalties on the operation of the Shale Industrialization Unit (SIX), located in SĂŁo Mateus do Sul/PR. The terms of the agreement were approved by the ANP’s collegiate board […]
Bolsonaro’s Privatization Talk Masks Petrobras Struggles
(Bloomberg, 20.Oct.2021) — For all President Jair Bolsonaro’s recent talk of privatizing Brazil’s crown jewel, oil giant Petrobras has struggled even to unload a handful of refineries. And its chances have never looked worse. With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is […]