(Argus, 7.Apr.2020) â Brazil’s state-controlled Petrobras is projecting 2.07mn b/d of domestic oil production in April, down by 69,000 b/d from its last confirmed output […]
Tag: Petrobras
Petrobras Finds Oil At AraucĂĄria Prospect
(Petrobras, 2.Apr.2020) â Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos […]
Petrobras On Sete Brasil Arbitration
(Petrobras, 1.Apr.2020) â Petrobras entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil ParticipaçÔes S.A. – under judicial […]
Petrobras Cuts Output By Another 100,000 B/D
(Petrobras, 1.Apr.2020) â Petrobras, following up on the release disclosed on 26 March 2020, announced that due to the contraction of oil and oil products […]
Petrobras Deepens Oil Supply Cuts
(Reuters, 1.Apr.2020) â Brazil’s Petrobras will double its oil output cuts to 200,000 barrels per day, or about 6% of total production, and shorten work […]
Petrobras Cuts Brazil Oil Output By 9pc
(Argus, 1.Apr.2020) â Brazil’s state-controlled Petrobras has doubled production cuts to 200,000 b/d in response to the oil price collapse. The expanded shut-ins are equivalent […]
Petrobras Reports On New Candidates
(Petrobras, 27.Mar.2020) â Petrobras reports that has received the nomination of one more name for the Board of Directors. Thus, pursuant to the CIRCULAR LETTER/CVM/SEP/NÂș02/2020, […]
Petrobras’ Divestment Push Challenged By Oil Price War
(Reuters, 26.Mar.2020) â A move by Brazil’s Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with […]
Petrobras Cuts Capex, Output By 100,000 B/D
(Petrobras, 26.Mar.2020) â Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the […]
Belov Engenharia To Operate Dive Vessels For Petrobras
(Robert Allan, 26.Mar.2020) â A renewed wave of investments in the Brazilian offshore industry has appeared on the horizon kindling the demand for new highly […]
Brazil’s Petrobras On Dividend Payment
(Petrobras, 26.Mar.2020) â Petrobras informs that its Board of Directors, in a meeting held yesterday, approved the change in the date of payment of the […]
Petrobras BODs Oks Creation Of Logistics Office
(Petrobras, 25.Mar.2020) â Petrobras reports that its Board of Directors, in a meeting held today, approved the creation of the Logistics Office and the election […]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) â A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances […]
Petrobras On EspĂrito Santo Basin E&P Assets
(Petrobras, 18.Mar.2020) â Petrobras, following up on the release dated 15 January 2020, announces the beginning of the binding phase regarding the sale of its […]
Petrobras On Gaspetro’s Non-binding Phase
(Petrobras, 18.Mar.2020) â Petrobras, following up on the press release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras […]
Oil Drop Could Cut 20% Off Exploration Budgets
(Reuters, 17.Mar.2020) â The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged […]
Petrobras Reduces Workforce Amid Virus
(S&P Global Platts, 17.Mar.2020) â Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and […]
Petrobras Releases Teaser For Sale Of Wind Farms
(Petrobras, 13.Mar.2020) â Petrobras has started the disclosure stage for this opportunity (teaser) in relation to the joint sale of all its shares in the […]
Petrobras Cuts Gasoline Prices By Near 10%
(Reuters, 12.Mar.2020) â Brazilâs state-controlled oil company Petrobras cut gasoline prices at refineries in the country by almost 10% on Thursday, the first cut since […]
Petrobras Reports Record Production From BĂșzios
(Petrobras, 11.Mar.2020) â Petrobras reports that it achieved on March 10th a new production record in BĂșzios field, in the Santos Basin pre-salt: 640 thousand […]
Petrobras Reports On Petros Plan
(Petrobras, 10.Mar.2020) â Petrobras reports that its Board of Directors deliberated on the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras […]
Latin America Oil Plays Rocked By Oil Price Rout
(Argus, 9.Mar.2020) â Latin America’s bold plans to tap deepwater, unconventional and heavy oil reserves â already under pressure by coronavirus in key demand markets […]
Petrobras Inks Deal To Sell Onshore Tucano Basin Fields
(Petrobras, 9.Mar.2020) â Petrobras signed an agreement with Eagle Exploração de Ăleo e GĂĄs Ltda. for the sale of 100% of its stakes in four […]
Petrobras Cuts Bolivia Gas Offtake By 30pc
(Argus, 6.Mar.2020) â Brazil’s state-controlled Petrobras signed an agreement with its Bolivian counterpart YPFB to reduce its natural gas offtake to 20mn mÂł/d from 30mn […]
Petrobras Releases Teaser For Colombian Assets
(Petrobras, 6.Mar.2020) â Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its fuel and lubricant distribution and marketing businesses in […]
Petrobras Request Withdraw Of Governance Program
(Petrobras, 13.Feb.2020) â Petrobras, following up on the release dated 29 January 2020, reports that its request to withdraw from the Corporate Governance Program for […]
Petrobras On Arbitration Involving Sete Brasil
(Petrobras, 11.Feb.2020) â Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil ParticipaçÔes […]
Petrobras Hits New Production Record
(Reuters, 10.Feb.2020) â Brazilâs Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), […]
Petrobras To Hire Emergency Workers
(S&P Global Platts, 10.Feb.2020) â Brazilian state-led oil company Petrobras was cleared by a local labor court judge to hire emergency workers to maintain operations […]
Brazil Oil Strike Drags Into Second Week
(S&P Global Platts, 10.Feb.2020) â A indefinite strike by oil workers in Brazil is dragging on despite local labor court rulings classifying the work action […]
Petrobras Reveals Fertilizer Plant Teaser
(Petrobras, 7.Feb.2020) â Petrobras has started the opportunity disclosure stage (teaser), regarding the sale of all its equity stake in its Nitrogen Fertilizer Unit III […]
Petrobras Announces Pricing Of BNDES Offering
(Petrobras, 6.Feb.2020) â Petrobras announced that on February 5, 2020, it priced the global offering by Banco Nacional de Desenvolvimento EconĂŽmico e Social â BNDES […]
Bolsonaro Ready To Ax Fuel Taxes
(Reuters, 6.Feb.2020) â Brazil’s President Jair Bolsonaro said he is prepared to eliminate federal fuel taxes if state governors eliminate the “ICMS” state tax on […]
Petrobras Starts Binding Phase For Uruguay Assets
(Petrobras, 4.Feb.2020) â Petrobras, following up on the press release disclosed on 17 February 2020, informs the beginning of the binding phase related to the […]
Petrobras On Payment Of Interest On Capital
(Petrobras, 3.Feb.2020) â Petrobras informs that will pay, on Friday 7 February 2020, the third and fourth installments of shareholders remuneration for the 2019 fiscal […]
Petrobras Says Sale Model For Gaspetro Not Defined
(Petrobras, 3.Feb.2020) â Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras GĂĄs SA (Gaspetro), […]
Petrobras Starts Teaser For Papa-terra Field
(Petrobras, 3.Feb.2020) â Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in […]
Petrobras’ ParĂĄ-MaranhĂŁo Basin Teaser
(Petrobras, 3.Feb.2020) â Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of part of its equity interest in […]
Petrobras Gives Details On 2019 Annual Results
(Petrobras, 3.Feb.2020) â Petrobras reports that on February 10, after market closes, the company will release its quarterly production and sales report for 4Q19 and […]
Petrobras Releases Wind Power Plant Teaser
(Petrobras, 31.Jan.2020) â Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies EĂłlica Mangue […]
Petrobras Starts Refinery Binding Phase
(Petrobras, 31.Jan.2020) â Petrobras, following up on the press release disclosed on 10/24/2019, informs the beginning of the binding phase related to the sale of […]
MODEC Moves On With FPSO Charter For Marlim Field
(MODEC, 30.Jan.2020) â MODEC, Inc. (“MODEC,” head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. (“Mitsui,” head office: Chiyoda-ku, Tokyo; President […]
Petrobras’ Proved Reserves Fall Slightly In 2019
(Petrobras, 29.Jan.2020) â Petrobras discloses that its proved oil, condensate and natural gas reserves according to SEC (US Securities and Exchange Commission) regulation were estimated […]
Petrobras On Collective Action In The Netherlands
(Petrobras, 29.Jan.2020) â Petrobras, further to the press release dated September 19, 2018, announces that the District Court of Rotterdam (the Court) today considered some […]
Petrobras Approves New Board Member
(Petrobras, 29.Jan.2020) â Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria ClĂĄudia GuimarĂŁes for the […]
Petrobras On Corporate Governance Program
(Petrobras, 29.Jan.2020) â Petrobras reports that it has requested today its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras’ adhesion […]
Petrobras Comments On Corporate Governance
(Petrobras, 29.Jan.2020) â Petrobras has requested its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras’ adhesion to the Program took […]
Brazil Breaks Oil Production Record
(Oilprice.com, 23.Jan.2020) â Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports, citing the […]
Petrobras Starts Non-binding Phase Of BSBios Sale
(Petrobras, 23.Jan.2020) â Petrobras, following up on the release disclosed on 20 December 2019, informs the beginning of the non-binding phase related to the sale […]
Petrobras Announces BNDES Equity Secondary Offering
(Petrobras, 22.Jan.2020) â Petrobras announced today that Banco Nacional de Desenvolvimento EconĂŽmico e Social â BNDES (the âSelling Shareholderâ) has commenced an offering of up […]