(Petrobras, 15.Jan.2021) — Petrobras, following up on the press release disclosed on 29 September 2020, informs the beginning of the binding phase regarding the sale of the totality of its stakes in a set of four onshore field concessions, with integrated facilities, jointly named North Capixaba Cluster, located in the […]
Tag: Petrobras
Petrobras CEO Denies Claims Of ‘Predatory’ Pricing Policy
(Reuters, 13.Jan.2021) — Roberto Castello Branco, chief executive of Brazil’s state-run oil company Petroleo Brasileiro SA, has dismissed accusations from private fuel importers that the firm is enforcing a price policy that does not reflect market dynamics. Branco said in the Wednesday edition of daily Valor Econômico that the claims […]
Petrobras’ 4Q:20 Results Call Details
(Energy Analytics Institute, 13.Jan.2021) — Petrobras will report and release its production and sales details for the fourth quarter 2020 on 2 February 2021 followed by its fourth quarter financial performance report on 24 February, after the markets close. The Rio de Janeiro-based oil giant will hold webcasts on 25 […]
Petrobras Sets Fresh Annual Production Record In 2020
(S&P Global Platts, 8.Jan.2021) — Brazilian state-led oil company Petrobras set a fresh record for annual output in 2020 on better-than-expected performance at the Buzios Field and improved corrosion-treatment efforts at its subsalt fields, the company said Jan. 7. “The records demonstrate good operational performance despite the challenging scenario of […]
Petrobras Inks Deal To Divest Mangue Seco 1
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 4 May 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the sale of the totality of its stake of 49% in Eólica […]
Petrobras Inks Deal To Divest Mangue Seco 3 And 4
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 12 June 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the joint sale with Wobben Windpower Indústria e Comércio Ltda (Wobben) of […]
Petrobras Reports Record Production In 2020
(Petrobras, 7.Jan.2021) — Petrobras registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd […]
Petrobras Comments On IESA Oleo e Gas Case
(Petrobras, 4.Jan.2021) — Petrobras informs that an arbitral panel seated in New York, has issued an award in an arbitration initiated by IESA Óleo e Gás S.A. determining the payment of approximately $37mn, plus interest, by its wholly-owned subsidiary Petrobras Netherlands B.V. (PNBV) and the payment of approximately $33mn, plus […]
Brazil Eyes Oil Industry Reforms To Lure Investors
(S&P Global, 31.Dec.2020) — Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic, according to government and industry officials. The efforts will come during a period of […]
Petrobras Comments On Gaspetro’s Divestment
(Petrobras, 30.Dec.2020) — Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 22 December 2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the […]
Petrobras Closes Equity Interest In Sete Brasil Group
(Petrobras, 30.Dec.2020) — Petrobras, following up on the release disclosed on 20 December 2019, informs that its Dutch subsidiary Petrobras Netherlands B.V. transferred, today, to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15% that it held in each of the […]
Petrobras On Vitol Leniency Agreement
(Petrobras, 29.Dec.2020) — Petrobras informs that it received, as of today, the amount of R$232.6mn, as a result of a leniency agreement entered into between the Federal Prosecutor’s Office (MPF) and Vitol Inc. and Vitol do Brasil Ltda. (Vitol), on 12/03/2020. Thus, the total amount of funds returned to the […]
Petrobras On Transpetro Share Capital Reduction
(Petrobras, 29.Dec.2020) — Petrobras informs that, as sole shareholder, it approved today the reduction of share capital of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), in the amount of R$557,020,835.82 (around $107.2mn), in an Extraordinary General Meeting of Transpetro. The capital reduction was made at book value, with no change […]
Petrobras Starts Arbitration Against Odebrecht
(Petrobras, 28.Dec.2020) — Petrobras presented today a request for arbitration with an indemnity claim estimated at approximately R$800mn, against Odebrecht S.A., based on the shareholders’ agreement regarding Braskem, for violations of its terms. Braskem is not part of this arbitration, which is protected by confidentiality. __________
Petrobras Inks Deal To Sell Onshore Fields In Bahia
(Petrobras, 23.Dec.2020) — Petrobras informs that it signed today with Petrorecôncavo S.A. a contract for the assignment of its entire stake in 12 onshore exploration and production fields, denominated Remanso Cluster, located in the state of Bahia. The sale value is $30mn, being (i) $4mn paid on the present date; […]
Petrobras Concludes Redemption Of Global Notes
(Petrobras, 23.Dec.2020) — Petrobras, following up on the release disclosed on 18 December 2020, announced its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the financial settlement of the early redemption of the 3.750% Global Notes, 5.375% Global Notes and 8.375% Global Notes, maturing in 2021, and of the […]
Petrobras Starts Bahia Terra Cluster Non-binding Phase
(Petrobras, 23.Dec.2020) — Petrobras, following up on the release disclosed on 4 November 2020, informs the beginning of the non-binding phase, referring to the sale of all of its stakes in a set of 28 onshore production field concessions, with integrated facilities, located in the Recôncavo and Tucano Basins, in […]
Petrobras On New Contracts With Braskem
(Petrobras, 22.Dec.2020) — Petrobras informs that it has signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the state of São Paulo and to supply ethane and propane to the industrial unit in the state of Rio de Janeiro. The naphtha contract, in […]
Petrobras Confirms Oil At Buzios Well
(Petrobras, 22.Dec.2020) — Petrobras confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin. The well is located 188 km from the city of Rio de Janeiro and was drilled at a water depth of 1,850 meters. […]
Petrobras Inks New Supply Deal With Braskem
(Petrobras, 22.Dec.2020) — Petrobras signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the state of São Paulo and to supply ethane and propane to the industrial unit in the state of Rio de Janeiro. The naphtha contract, in the estimated amount of […]
Petrobras Receives “Dragon” Supercomputer
(Petrobras, 21.Dec.2020) — Petrobras started to receive the equipment that compose the supercomputer called “Dragon”, a high performance computer aiming at a greater geophysical processing performance, reducing geological and operational risks. Petrobras has increased investment in high-performance computers and, in less than two years, it has put into production nine […]
PBio Completes Sale Of BSBios Shares
(Petrobras, 18.Dec.2020) — Petrobras, following up on the press release disclosed on 27 April 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), as part of the competitive process, has concluded the negotiation phase with the company RP Participações em Biocombustíveis S.A. for the sale of all its shares […]
Petrobras On Deal In Arbitration Of Sete Brasil
(Petrobras, 17.Dec.2020) — Petrobras informs that, on this date, the payment of R$190mn was made to the Pension Fund of the Employees of the Bank of Brazil – Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain compensation from Petrobras for alleged […]
Petrobras Inks Deal To Divest Onshore Sergipe Field
(Petrobras, 11.Dec.2020) — Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The […]
Petrobras Starts Marlim Cluster Non-binding Phase
(Petrobras, 10.Dec.2020) — Petrobras, following up on the release disclosed on 16 November 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters […]
Petrobras Eyes Dividend Payment For 2019
(Petrobras, 10.Dec.2020) — Petrobras informs it will pay, on Tuesday, 15 December 2020, dividends referred to the 2019 fiscal year, based on shareholding position as of 22 July, in connection to the Material Fact released on that date. The dividends to be paid will be adjusted by Selic interest rate […]
Petrobras Concludes Sale Of Onshore Fields
(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 Óleo e Gás Ltda (Eagle). After fulfilling all […]
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 Petróleo 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 […]
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 Carmópolis 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 Itaúsa 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 […]
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 […]
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 Baúna 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 Baúna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon Petróleo & 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, Curimã, Espada and Xaréu (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 Recôncavo and Tucano Basins, in different municipalities of the state of Bahia, […]