Tag: Petrobras

Petrobras Opens Access To Gas Processing Units

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(S&P Global Platts, 29.May.2020) — Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in […]

Petrobras Announces Global Bond Offering

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(Petrobras, 27.May.2020) — Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) plans to offer one or more series of bonds in the […]

Petrobras Prices Two Global Notes For $3.3bn

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(Petrobras, 27.May.2020) — Petrobras announces the pricing of two series of global notes denominated in US Dollars to be issued by its wholly-owned subsidiary Petrobras […]

Petrobras Updates On Colombian Asset Sale

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(Petrobras, 21.May.2020) — Petrobras, following up on the press release disclosed on 03/06/20, informs that the non-binding phase related to the sale of 100% of […]

Petrobras Approaching Pre-Crisis Refinery Runs

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(Argus, 21.May.2020) — Brazil’s state-controlled Petrobras has further boosted refinery throughput in response to a pick-up in fuel demand, with utilization rates approaching the average […]

NOCs To Slash Exploration Budgets

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(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. […]

Petrobras Starts EWT At Albacora Field

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(Petrobras, 17.May.2020) — Petrobras, following up on the press release disclosed on 11 May 2020, informs that it started yesterday the Extended Well Tests (EWT) […]

Message From Petrobras’ CEO On 1Q:20 Results

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(Petrobras, 15.May.2020) — Petrobras CEO Roberto Castello Branco delivered his message to shareholders related to the company’s first quarter 2020 results. “We express our solidarity […]

Petrobras Posts $11bn Impairment

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(Bloomberg, 15.May.2020) — Petrobras, the Brazilian sate-controlled oil producer, posted a 65 billion-real ($11 billion) impairment in the first quarter after revising down its outlook […]

Petrobras Warns Economy Has Changed Forever

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(Reuters, 15.May.2020) — Brazil’s Petrobras took a 65.3 billion real ($11.2 billion) impairment on its exploration and production assets on Thursday, warning investors that changes […]

Petrobras On Fitch’s Rating Outlook

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(Petrobras, 7.May.2020) — Petrobras informs that the rating agency Fitch Ratings revised today the company’s international long-term ratings outlook from stable to negative, and maintained […]

Brazil’s Petrobras On Petros Plan

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(Petrobras, 5.May.2020) — Petrobras, following up on the press release disclosed on March 10, related to the New Deficit Equation Plan (New Plan) of the […]

Petrobras Faces Virus Outbreak Offshore

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(Bloomberg, 1.May.2020) — Petrobras, the Brazilian producer tapping some of the largest offshore oil finds this century, is confronting a Covid-19 outbreak in exploration platforms […]

Petrobras Powers Past Oil Glut On China Sales

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(Bloomberg, 29.Apr.2020) — Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with […]

Petrobras Starts BSBios Binding Phase

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(Petrobras. 27.Apr.2020) — Petrobras, following up on the press release disclosed on 23 January 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), on […]

Petrobras Reverses Production Cuts

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(Reuters, 27.Apr.2020) — Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it […]

Exxon Among 34 Vying To Market Guyana’s Oil

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(Stabroek News, 22.Apr.2020) — Thirty-four companies have submitted expressions of interests (EOIs) to market Guyana’s entitlement from the Exxon-operated Liza Destiny FPSO in the Stabroek […]

Petrobras Starts Papa-Terra Binding Phase

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(Petrobras, 17.Apr.2020) — Petrobras, following up on the press release disclosed on 3 February 2020, announces that it has started the binding phase referring to […]

Petrobras Says S&P Maintains Scale Rating

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(Petrobras, 17.Apr.2020) — Petrobras announces the rating agency S&P Global  Ratings affirmed the ”BB-” global scale rating for Petrobras, with a stable outlook. The stand-alone […]

Brazil’s Petrobras Releases Tax Report For 2019

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(Energy Analytics Institute, Aaron Simonsky, 15.Apr.2020) — Brazil’s state oil company Petrobras releases its 2019 tax report, showcasing its economic and social contributions. © Energy […]

Petrobras Begins Halting Ops At 62 Platforms

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(Reuters, 15.Apr.2020) — Brazil’s state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the […]

Petrobras To Delay Payments From CDLs

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(Petrobras, 9.Apr.2020) — Petrobras reports that it has been working to reduce the impacts of the COVID-19 (coronavirus) pandemic on the natural gas chain, since […]

Petrobras Updates On Severance Programs

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(Petrobras, 8.Apr.2020) — Petrobras reports that its Board of Directors approved the creation of an Incentive Retirement Program (PAI), a new severance program aimed at […]

Mexico Refuses To Cut Oil Output

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(Bloomberg, 8.Apr.2020) — Outside of Saudi Arabia and Russia, most oil producers are racing to deal with the historic oil price collapse by cutting back […]

Petrobras Cancels 2020 Shareholders’ Meeting

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(Petrobras, 7.Apr.2020) — Petrobras informs that, in view of the current situation arising from the new coronavirus pandemic (COVID-19) and the restrictions imposed or recommended […]

S&P Changes Petrobras’ Rating To Stable

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(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company’s global credit rating outlook from positive to stable, and has […]