(Petrobras, 3.Nov.2020) — Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will […]
Tag: Petrobras
Petrobras Initiates Araucária Binding Phase
(Petrobras, 30.Oct.2020) — Petrobras, following up onthe press release disclosed on 17 September 2020,informs the beginning of the binding phase regarding the sale of all its shares in the wholly-owned subsidiary Araucária Nitrogenados SA (ANSA). Potential buyers qualified for this phase will receive instructions on the divestment process, including guidelines […]
Petrobras Updates On Dividend Policy
(Petrobras, 28.Oct.2020) — Petrobras informs that its Board of Directors, in a meeting held yesterday, approved the revision of the Shareholders Compensation Policy in order to enable the Management to propose the payment of dividends compatible with the company’s cash generation, even in years with accounting losses. With the changes […]
Petrobras Approves Ethical Conduct Guide For Suppliers
(Petrobras, 27.Oct.2020) — Petrobras approved the Guide to Ethical Conduct for its suppliers. It is the first document exclusively aimed at our suppliers, with guidelines on expected values and ethical behavior. The Guide applies to all service companies, in Brazil or abroad, that are involved in business processes and have […]
Petrobras Reveals Teaser For Sergipe E&P Assets
(Petrobras, 23.Oct.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of a set of eleven onshore production field concessions, with integrated facilities, located in the Sergipe-Alagoas Basin, in different cities in the state of Sergipe, jointly called the Carmópolis Cluster. The teaser, […]
Petrobras Concludes $1bn Global Notes Offering
(Petrobras, 22.Oct.2020) — Petrobras concluded the offering of its 5.60% Global Notes due January 2031 in the international capital market in the amount of $1bn (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17), by means of its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). Pricing of the notes occurred on October 13, […]
Petrobras Boosts Production Outlook
(Reuters, 20.Oct.2020) — Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields. Petroleo Brasileiro SA, as the company is formally known, said it expects to produce roughly 2.84 million […]
Vitol Recordings Expand Brazilian Oil Bribery Probe
(Reuters, 20.Oct.2020) — Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six […]
Petrobras Reveals Results Of Its Cash Tender Offers
(Petrobras, 20.Oct.2020) — Petrobras announces the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) of any and all of its outstanding notes of the series set forth in the table below (the “Tender Notes” and […]
Petrobras Updates On 3Q:20 Production And Sales
(Petrobras, 20.Oct.2020) — Petrobras’ operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas production in Brazil grew by 9.0% in the first nine months of this year compared to last year. The production of the pre-salt fields increased by […]
Petrobras Delays Bidding For Parque Das Baleias FPSO
(Energy Analytics Institute, 16.Oct.2020) — Rio de Janeiro-based Petróleo Brasileiro SA or Petrobras, announced it has postponed the Integrated Project of Parque das Baleias by around a year; thus, pushing the start of production into 2024 compared to 2023, as originally planned. The Brazilian oil giant plans to preserve the […]
Petrobras Starts Alagoas Assets Binding Phase
(Petrobras, 15.Oct.2020) — Petrobras, following up on the release disclosed on 29 July 2020, informs the beginning of the binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water concessions (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for […]
Oceaneering Inks BOP Deal With Petrobras
(Oceaneering, 13.Oct.2020) — Oceaneering International, Inc. has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up […]
Petrobras Prices Global Notes
(Petrobras, 13.Oct.2020) — Petrobras priced an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed […]
Petrobras To Offer Global Notes
(Petrobras, 13.Oct.2020) — Petrobras’ wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender offers […]
Petrobras To Continue Petros Arbitration
(Petrobras, 9.Oct.2020) — Petrobras, following up on the releases disclosed on 21 and 29 July 2020 and 26 August, hereby informs that a judicial decision was issued at the end of yesterday, October 8, determining the continuity of the arbitration instituted by Fundação Petrobras de Seguridade Pessoal (Petros) and Caixa […]
Petrobras Comments On Petros Arbitration
(Petrobras, 9.Oct.2020) — Petrobras, following up on the releases disclosed on 21 and 29 July 2020 and 26 August, hereby informs that a judicial decision was issued at the end of yesterday, 8 October, determining the continuity of the arbitration instituted by Fundação Petrobras de Seguridade Pessoal (Petros) and Caixa […]
Petrobras Reports Record S-10 Diesel Production, Sales
(Petrobras, 7.Oct.2020) — Petrobras reports that in September, for the fourth month in a row, it surpassed the record production of S-10 low sulfur diesel, reaching the 1.89 million m³ mark. Also, in September, Petrobras reached the sales record of the same product when 1.91 million m³ were sold. The […]
Petrobras To Release 3Q:20 Results
(Petrobras, 6.Oct.2020) — Petrobras will release its quarterly production and sales report on 20 October 2020 and its financial performance report on 28 October, after the markets close. On 29 October two webcasts will be held, the first in Portuguese and the second in English, to present the company’s 3Q20 […]
Petrobras Comments On Decree 9,355/2018
(Petrobras, 2.Oct.2020) — Petrobras, following up on the release disclosed on 14 January 2019, informs that the Federal Supreme Court judged, by majority of votes, dismissing the direct action of unconstitutionality (ADI 5942/DF) that questioned the Decree 9,355/2018, edited to regulate the special procedure for assignment of rights to exploration, […]
Petrobras To Continue With Refinery Divestments
(Petrobras, 1.Oct.2020) — Petrobras informs the plenary composition of the Supreme Federal Court (STF), by majority vote, denied the preliminary injunction request formulated by the Federal Senate and Congress committees regarding the Complaint 42576 to suspend the processes of divestment in refining and their respective logistic assets. Therefore, the company […]
Petrobras Comments On ICMS Regulations
(Petrobras, 1.Oct.2020) — Petrobras’ Board of Directors approved the adhesion to the ICMS debt and interest penalty reduction programs (Amnesties), according to the CONFAZ regulations ICMS 146/2019 and 51/2020, instituted by the states Espírito Santo and Rio de Janeiro, respectively. The total amount of contingencies to be closed in the […]
Petrobras, Other Cos. To Reveal NatGas Sharing Deals
(Petrobras, 30.Sep.2020) — Petrobras together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the offshore routes in the pre-salt Santos Basin, will announce contracts for sharing the natural gas pipeline and processing plants. Today, a virtual event will be held with the presence of Petrobras’ CEO, Roberto […]
Petrobras To Waive Capacity At Regasification Terminal
(Petrobras, 29.Sep.2020) — Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated 29 September 2020, and further to the notice disclosed on 3 August about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the São Sebastião […]
Petrobras: Accumulated Tupi Output Reaches 2 Billion BOE
(Petrobras, 28.Sep.2020) — Petrobras announced accumulated production of the Tupi field, located in the pre-salt of the Santos Basin, approximately 230 km from the coast of the state of Rio de Janeiro, reached 2 billion barrels of oil equivalent (boe), according to the Brazilian National Agency of Petroleum, Natural Gas […]
Petrobras Comments On Deal With Sete Brasil
(Petrobras, 28.Sep.2020) — Petrobras, following up on the release disclosed on 24 June 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related […]
Petrobras Comments On Revolving Credit Lines
(Petrobras, 28.Sep.2020) — Petrobras, following up on the releases disclosed on 25 August 2020, 27 July and 20 March, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated in US dollars, in the amount of $2bn. With this prepayment, the company currently […]
Petrobras To Review Golar’s Participation In Terminal
(Reuters, 28.Sep.2020) — Brazilian oil producer Petroleo Brasileiro SA said it will review liquefied natural gas (LNG) company Golar Power’s participation in an ongoing tender to lease an import terminal of the super-chilled natural gas in Bahia state. Petrobras, as the Rio de Janeiro-based company is known, said in a […]
Petrobras Grabs Assets From Total E&P do Brasil LTDA
(Petrobras, 28.Sep.2020) — Petrobras signed an agreement on 25 September 2020, under which Total E&P do Brasil LTDA will transfer to Petrobras the operatorship and working interest on the following exploration blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M125 e FZA-M-127 located in ultra-deep waters, approximately 120 km from Amapá state, in an […]
Petrobras Starts Potiguar Cluster Non-binding Phase
(Petrobras, 28.Sep.2020) — Petrobras, following up on the release disclosed on 24 August 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of […]
Petrobras Inks Deal For Stake In Gás Local
(Petrobras, 25.Sep.2020) — Petrobras signed, on this date, contracts with White Martins Gases Industriais Ltda. including: (a) sale of Petrobras’ 40% stake in the company GNL Gemini Comercialização e Logística de Gás Ltda (Gás Local); b) agreement to close pending corporate disputes, arbitration and issues under judicial discussion regarding Gás […]
Petrobras Starts Teaser For Campos Basin E&P Assets
(Petrobras, 25.Sep.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in the Albacora and Albacora Leste concessions, located in the deep waters of the Campos Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria […]
Petrobras Finds Oil At Campos Basin Well
(Petrobras, 23.Sep.2020) — Petrobras found the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin. Well 1-BRSA-1376D-RJS (Naru) is located approximately 308 km from the city of Rio de Janeiro, in water depth of 2,892 meters, being verified the presence of […]
Petrobras On Secondary Public Offer
(Petrobras, 22.Sep.2020) — Petrobras, in relation to the news published in the media, reiterates that it has not yet been defined the moment to launch the secondary public offer (follow on) aimed at the sale of the entirety of its remaining 37.5% stake in the capital stock of Petrobras Distribuidora […]
Ex-Vitol Trader Indicted In US Probe Of Ecuador Bribes
(Bloomberg, 22.Sep.2020) — A former manager at Vitol Group, the world’s largest independent oil-trading firm, was indicted for allegedly bribing Ecuadorian government officials to get business for his firm with state-owned Petroecuador. The case, part of a broad U.S. probe into bribes paid to South American officials, is the latest […]
Petrobras Receives Two Proposals For Repar
(Petrobras, 21.Sep.2020) — Petrobras, in relation to the news published in the media, referring to the divestment of the Presidente Getúlio Vargas Refinery (Repar), clarifies that the binding stage of the competitive process counts with the participation of Ultrapar Participações S.A., the consortium led by Raízen S.A. and China Petroleum […]
Petrobras Prepares For Competitive Markets
(Petrobras, 18.Sep.2020) — Petrobras launched two programs aimed at preparing its refining and natural gas activities for an open, competitive market and to transition into a low carbon economy. Biorefino 2030 forecasts projects for the generation of new, more modern and sustainable fuel, different than the current ones, such as […]
Petrobras CEO Says 11,000 Employees To Leave Co.
(Reuters, 17.Sep.2020) — Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday. That number, which represents about a quarter of the company’s workforce, is a […]
Enauta Names Decio Oddone CEO Replacing Guardado
(Reuters, 17.Sep.2020) — Decio Oddone, the former head of Brazil’s national oil regulator, will replace Lincoln Guardado as chief executive officer of oil producer Enauta Participações SA, the company said in a statement on Thursday. Enauta’s board is expected to confirm Oddone’s nomination on Monday, the oil producer said. Guardado […]
Petrobras Ends Testing At LNG Regasification Terminal
(Petrobras, 17.Sep.2020) — Petrobras successfully concluded the operation test with an flowrate of 30 MMm3/day (millions of cubic meters per day) of natural gas, held at the Guanabara Bay (TR-BGUA) liquefied natural gas regasification terminal in Rio de Janeiro, becoming the new world record for regasification with Floating Storage and […]
Petrobras On Track To Raise Rio’s LNG Import Capacity
(Reuters, 17.Sep.2020) — Brazil’s Petrobras PETR4.SA has successfully concluded tests that will allow for a 50% capacity expansion at its Rio de Janeiro liquefied natural gas (LNG) import terminal to 30 million cubic meters per day, the company said on Thursday. Petroleo Brasileiro SA, as the company is formally known, […]
Petrobras Announces Details Of Cash Tender Offers
(Petrobras, 16.Sep.2020) — Petrobras announced the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) of any and all of its outstanding notes of the series set forth in the table below (the “Notes” and such […]
Petrobras Changes Name Of Lula Field To Tupi Field
(Petrobras, 14.Sep.2020) — Petrobras announces the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of 7 July 2020, in a citizen lawsuit, which ordered the annulment of […]
Petrobras Cuts E&P CAPEX To $40-$50bn From $64bn
(Petrobras, 14.Sep.2020) — Petrobras reports on the revision of the Exploration & Production (E&P) segment portfolio in face of the crisis caused by COVID-19. The revision aims to maximize the value of the E&P portfolio, focusing on world-class assets in deep and ultra-deep waters. The portfolio revision is in line […]
Petrobras Starts Binding Phase For Power Companies
(Petrobras, 11.Sep.2020) — Petrobras, following up on the press release disclosed on 07/06/2020, informs the beginning of the binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A., Energética Suape II S.A., Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech Energia […]
Petrobras On Espírito Santo Basin Binding Phase
(Petrobras, 11.Sep.2020) — Petrobras, following up on the release dated 10 June 2020, announced the beginning of the binding phase regarding the sale of a part of its interest in the exploratory blocks, belonging to the concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M673_R11 and ES-M-743_R11, located in the Espírito Santo Basin. Potential […]
Petrobras Collaborates With New Phase Of Lava Jato
(Petrobras, 11.Sep.2020) — Petrobras informs that yesterday, the 74th phase of Lava Jato operation (Car Wash) was launched, in which the Federal Prosecutors and the Federal Police are investigating possible wrongdoing in connection with exchange contracts signed with Banco Paulista, as well as alleged improper payments to three company employees, […]
Petrobras Signs Onto PACI At World Economic Forum
(Petrobras, 9.Sep.2020) — Petrobras has again become a signatory to the anti-corruption initiative Partnering Against Corruption Initiative (PACI) of the World Economic Forum. PACI is the leading international anti-corruption organization with compliance officers from large multinationals, international organizations and governments. The initiative acts as a global platform for collective action, […]
Petrobras Reports Record S-10 Diesel, LPG Production
(Petrobras, 9.Sep.2020) — Petrobras announced that, for the third month in a row, it has broken the production record of S-10 Diesel, low-sulfur diesel. In August, the company’s refineries processed 1.84 million m³ of the product, a volume slightly higher than in July, when it reached 1.81 million m³, and […]
Petrobras On Binding Phase For Santos Basin Assets
(Petrobras, 8.Sep.2020) — Petrobras, following up on the release from 10 August 2020, informs the beginning of the binding phase regarding the sale of 50% to 100% of its stake, with the passing of the operation, in the BM-S-51 concession, in the Santos Basin. The concession is located at water […]