(World Oil, 20.Mar.2019) — Margaret Øvrum recalls that investment depends on viability, “With a monopoly, you do not get the right price.” Norwegian Equinor (formerly Statoil), the second largest oil...
(Petrobras, 19.Mar.2019) — Petrobras announces that today it concluded the offering of securities in the international capital market (Global Notes) in the amount of US$ 3 billion, with US$ 750...
(Reuters, Gram Slattery, 19.Mar.2019) — Brazilian independent oil company PetroReconcavo has entered direct negotiations with state-run Petroleo Brasileiro SA to purchase a cluster of 34 oilfields in the nation’s northeast,...
(Petrobras, 19.Mar.2019) — Petrobras announced the expiration and expiration date results of the previously announced offer to purchase (the “Offer”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of...
(Petrobras, 19.Mar.2019) — Petrobras informs that it received the Official Letter No. 133/2019 -SAE, which requests the following clarification: Official Letter no. 133/2019 -SAE “Dear all, In a report published...
(S&P Global Platts, 19.Mar.2019) — Brazilian state-led oil producer and refiner Petrobras expects to ramp up its divestments in the near term, with a series of deals expected to close...
(Petrobras, 19.Mar.2019) — Petrobras reports that it has started today the production of oil and natural gas of P-77, the fourth platform to be put into production in the Búzios...
(Petrobras, 18.Mar.2019) — Petrobras informs that on Mar. 15 it prepaid Export Credit Notes with Banco do Brasil, in the amount of R$ 7.0 billion, with maturity in 2022. The...
(SeekingAlpha, 18.Mar.2019) — On March 13, 2019, GeoPark Limitedentered the Ecuador upstream by winning the Espejo and Perico blocks in the Oriente Basin in the Intracampos Bid Round (Fig. 1)....
(Petrobras, 18.Mar.2019) — Petrobras announced that its CEO Roberto Castello Branco appointed Ms. Andrea Marques de Almeida as Chief Financial and Investor Relations Officer of the company and Mr. Rafael...
(S&P Global Platts, Daniel Rodriguez, 13.Mar.2019) — Petrobras is looking to become a natural gas powerhouse, a market that is relatively undeveloped in Brazil, the company’s CEO Roberto Castello Branco...
(Petrobras, 12.Mar.2019) — Petrobras announces the pricing of (i) additional notes of its 5.750% Global Notes due 2029 and (ii) new notes denominated in U.S. Dollar and, together with the...
(Petrobras, 11.Mar.2019) — Petrobras, following up on the Material Fact dated 07/28/2017 and Notice to the Market dated 10/4/2017, announces the beginning of the binding phase of the competitive process...
(Reuters, 6.Mar.2019) — Norway’s BW Offshore has won approval from Brazil’s antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official...
(S&P Global Platts, 5.Mar.2019) — Surpassing Russia, Brazilian crude oil shipments for China’s independent refineries topped the list in February at 2.17 million mt, S&P Global Platts monthly survey showed...
(Bloomberg, Peter Millard, 3.Mar.2019) — There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why...
(Petrobras, 1.Mar.2019) — Petrobras, following up on the release dated 12/10/2018, announces the beginning of the binding phase related to the sale of its entire equity share in three onshore...
(Energy Analytics Institute, Aaron Simonsky, 28.Feb.2019) — Heard on the street and LatAmNRG briefs on plans by the Bolivian and Paraguayan presidents to discuss LPG, urea, and gas, Brazil's Petrobras...
(Reuters, 28.Feb.2019) — The Brazilian government will offer in an auction in October production sharing contracts for companies to explore areas that it says hold “significant volumes of oil and...
(Energy Analytics Institute, Piero Stewart, 28.Feb.2019) — Heard on the street and LatAmNRG briefs on Colombia’s state oil company Ecopetrol reporting an attack along the Caño Limón-Coveñas pipeline, and Brazil’s...
(Petrobras, 27.Feb.2019) — Petrobras informs that its Board of Directors, at a meeting held today, approved dividends to shareholders who own non-voting shares, in the amount of R$ 106,678,312.41, corresponding...
(Petrobras, 27.Feb.2019) — Petrobras informs that, in February, it pre-paid bank debts totaling R$ 5,9 billion and US$ 1 billion, according to the table below: Table: pre-payment operations (in million)...
(Bloomberg, Lucia Kassai and Ezra Fieser, 27.Feb.2019) — U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers....
(Reuters, 27.Feb.2019) — Brazilian state-run oil company Petroleo Brasileiro SA said on Tuesday that it is studying a voluntary layoff programme at its administrative headquarters in Sao Paulo to cut...
(Petrobras, 27.Feb.2019) — Petrobras informs that today it published its 2018 Integrated Report, comprised of: (i) Annual Report, which brings key information about the company, presenting how the organization generates...
(Petrobras, 26.Feb.2019) — Petrobras, following up on the release dated 01/21/2019, reports that its Board of Directors, in a meeting held today, approved the nomination of Mr. Nivio Ziviani as...
(Reuters, Tatiana Bautzer and Carolina Mandl, 26.Feb.2019) — Brazilian state-owned bank Caixa Economica Federal is close to selling a 9-billion-real ($2.4 billion) stake it owns in oil company Petroleo Brasileiro...
(Reuters, 26.Feb.2019) — Petrobras Distribuidora SA, the distribution unit of Brazilian state-run oil firm Petroleo Brasileiro SA, posted a major boost in quarterly net profit on Tuesday thanks to the...
(Reuters, 25.Feb.2019) — Brazil’s oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA. On Saturday,...
(Petrobras, 23.Feb.2019) — Petrobras reports the occurrence, in the early hours of today 23 Feb. 2019, of a hose rupture at P-58 during the offloading of oil to a relief...
(Petrobras, 22.Feb.2019) — Petrobras announced that in January its total production of oil and gas, including natural gas liquids (NGL), was 2.61 million barrels of oil equivalent per day (boed),...
(DOF, 22.Feb.2019) — DOF has been awarded contracts for three ROV Support Vessels (RSV) with Petroleo Brasileiro S.A. (Petrobras). All contracts have a firm duration of three years and can...
(Reuters, 21.Feb.2019) Brazil’s Energy and Mines Minister Bento Albuquerque said on Thursday that a long-awaited auction of the so-called transfer-of-rights area in which oil company Petroleo Brasileiro SA operates could...
(Petrobras, 21.Feb.2019) — Petrobras informs that the rating agency Standard & Poor’s (S&P) raised its stand-alone credit profile (SACP) to “bb” from “bb-”, with a stable outlook, affirming its global...
(Bloomberg, Sabrina Valle and Javier Blas, 20.Feb.2019) — When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian...
(Petrobras, 20.Feb.2019) — Petrobras started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field. With a daily capacity to process...
(Reuters, Tatiana Bautzer and Carolina Mandl, 19.Feb.2019) — Brazil oil company Petroleo Brasileiro SA has hired the investment banking unit of Banco Santander Brasil SA to revive efforts to sell...
(Reuters, Gary McWilliams, 19.Feb.2019) — The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a...
(Petrobras, 15.Feb.2019) — Petrobras informs that it received today, the payment of the diesel economic subvention, in the amount of R$ 246.3 million, related to the 6th and last period...
(Petrobras, 14.Feb.2019) — Petrobras informs that, on this date, the Public Hearing related to the draft of the agreement to be signed with the National Petroleum, Natural Gas and Biofuels...
(Petrobras, 13.Feb.2019) — Petrobras informs that it received the Official Letter No. 78/2019 -SAE, which requests the following clarification: Official Letter no. 78/2019 -SAE Dear Gentlemen, In news published by...
(Petrobras, 12.Feb.2019) — Petrobras reports that its Integrated Report and the 2018 Annual Results will be released on Wednesday, February 27, after market closing. Accordingly, the company will be unable...
(Reuters, Julia Payne, 11.Feb.2019) — Swiss authorities are assisting Brazilian prosecutors in their investigation into an alleged corruption scheme involving global commodity trading firms Vitol, Glencore and Trafigura, a spokesman...
(Petrobras, 7.Feb.2019) — Petrobras, following up on the Press Releases of 07/07/2018 and 08/29/2018, hereby informs that, within the scope of its ongoing process of contingency assessment, it will make...
(Petrobras, 6.Feb.2019) — Petrobras, in relation to the news published in the media about possible collective arbitration by an association of investors, clarifies that it has not been notified by...
(Petrobras, 4.Feb.2019) — Petrobras, in compliance with article 12 of CVM Instruction 358 of January 3, 2002 and Circular Letter CVM/SEP/No001/2017, informs that it was notified by the National Bank...
(Petrobras, 1.Feb.2019) — Following the Material Facts disclosed on December 26 and 28, 2018 and January 8, 2019, Petrobras informs that the bookbuilding of the sixth (6th) issuance of simple,...
(Energy Analytics Institute, Aaron Simonsky and Pietro D. Pitts, 1.Feb.2019) — Brazil’s state oil company Petrobras and consortium partners including subsidiaries of Royal Dutch Shell plc and Galp Energia commenced...
(Shell, 1.Feb.2019) — Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda., announces with consortium partners the start of production at the Lula North deep-water project in the...
(Energy Analytics Institute, Aaron Simonsky, 1.Feb.2019) — Brazil’s state oil company Petrobras received a payment for R$ 684.2 million related to the diesel economic subvention program. The payment relates to...
(Petrobras, 1.Feb.2019) — Petrobras announced it started today, with its partners of the BM-S-11 Consortium, the production of oil and natural gas through P-67 platform, in the Lula Norte area,...
(Petrobras, 31.Jan.2019) — Petrobras, following up on the Press Releases of 4th, 7th and 14th of January of 2019, reports that its Board of Directors approved the appointments of Admiral...
(LatinFinance, 31.Jan.2019) — LatinFinance unveiled its 2018 Deals of the Year Awards in New York on Thursday, at an exclusive awards dinner recognizing stand-out transactions and institutions in the capital...
(Petrobras, 30.Jan.2019) — Petrobras discloses the volume of its proved petroleum reserves (oil, condensate and natural gas), estimated as of the end of 2018, according to ANP/SPE (National Agency of...
(Petrobras, 30.Jan.2019) — Petrobras, following up to the Press Release of 09/27/2018, informs that, today, it paid the Commitment Assumption Agreement, made with the Federal Public Prosecutor’s Office (MPF) and...
(Petrobras, 30.Jan.2019) — Petrobras clarifies that, according to Petrobras’ Divestment Methodology, the following stages of divestment projects must be disclosed to the market: teaser, beginning of the non-binding phase (if...
(Petrobras, 29.Jan.2019) — Petrobras received a letter from Mr. Lauro Cotta, appointed to occupy the position of Chief Strategy, Organization and Management System Executive Officer, communicating that, for particular reasons,...
(Reuters, Erwin Seba, Jessica Resnick-Ault, 28.Jan.2019) — Chevron Corp has agreed to buy a Texas oil refinery with a troubled past and space to handle a coming flow of shale...
(Petrobras, 28.Jan.2019) — Petrobras reports that yesterday (01/27), there was a fire in the storage area of materials used in oil exploration and production activities, located in the Intermodal Terminal...
(Petrobras, 25.Jan.2019) — Petrobras, following up on the press release of 08/29/2018, informs that Paulínia Refinery (Replan) has resumed, today, 100% of its nominal production capacity with the return of...
(Reuters, Gram Slattery, 23.Jan.2019) — Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two...
(Petrobras, 23.Jan.2019) — Petrobras announced that the Administrative Board of Tax Appeals (CARF) issued yesterday, by a majority vote, an unfavorable decision on a tax administrative proceeding that addresses the...
(Oilfield Technology, David Bizley, 23.Jan.2019) — Petrobras and PDVSA are the top spenders among all oil and gas companies in South America, in terms of new build capital expenditure (CAPEX)...
(Bloomberg, Vinícius Andrade, 22.Jan.2019) — For investors looking to get in on the equity boom in Brazil via commodity titans Vale or Petrobras, JPMorgan has some ideas about the best...
(Petrobras, 21.Jan.2019) — Petrobras announced it received a communication from its controlling shareholder with the appointment of the Professor Nivio Ziviani to exercise the position of member of its Board...
(Wood Mackenzie, 21.Jan.2019) — Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering...
(Reuters, 17.Jan.2019) — Brazil’s state-run oil company Petrobras on Thursday said it had lost an appeal in a Brazilian tax court and will have to pay an additional 1.5 billion...
(Petrobras, 17.Jan.2019) — Petrobras announces that the Administrative Board of Tax Appeals (CARF) issued today, by a casting vote, an unfavorable decision on a tax administrative proceeding that addresses the...
(Petrobras, 17.Jan.2019) — Petrobras, following up on the Material Facts disclosed on 07/03/2018, announced its Executive Board decided to resume the competitive processes for the sale of a 90% stake...
(Petrobras, 16.Jan.2019) — Petrobras informs that it received a letter from Mr. John Milne Albuquerque Forman resigning from his nomination, by the controlling shareholder, to be a member of the...
(Petrobras, 15.Jan.2019) — Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 million barrels of oil equivalent per day (boed),...
(Ocean Infinity, 15.Jan.2019) — Ocean Infinity, the next generation seabed survey and ocean exploration company, is pleased to announce that its partner, Cepemais, the Brazilian offshore consulting company, has been...
(Petrobras, 14.Jan.2019) — Petrobras formally expressed to the National Energy Policy Council (CNPE) interest to exercise the pre-emption right for the 6th Bidding Round of exploration blocks under the production...
(Reuters, 14.Jan.2019) — Brazil’s government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (PETR4.SA) (Petrobras), amid accusations that new CEO Roberto Castello Branco was...
(Petrobras, 14.Jan.2019) — Petrobras informs that it has received communication from its controlling shareholder, as assured by Petrobras By-Laws and Brazilian legislation, with the nomination of three new members to...