(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 […]
Tag: Petrobras
Petrobras Warns Economy Has Changed Forever
(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 Equalizations In Lula, Atapu and SĂ©pia
(Petrobras, 13.May.2020) — Petrobras, regarding the press releases disclosed on 18 March 2019 and 11 September 2019, which announced the approval of Production Individualization Agreements […]
Petrobras Reveals Teaser For Thermal Power Plants
(Petrobras, 13.May.2020) — Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of four thermal power plants, which three are […]
Petrobras On Oil Finds In BĂşzios And Albacora
(Petrobras, 11.May.2020) — Petrobras confirmed oil of excellent quality in the Southeast area of the BĂşzios field and greater potential in the pre-salt of the […]
Petrobras Comments On Internal Event News
(Petrobras, 8.May.2020) — Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in […]
Petrobras’ Cash Burn May Reach $1bn A Month
(Reuters, 8.May.2020) — Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress […]
Petrobras On Fitch’s Rating Outlook
(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
(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 Releases Teaser For Camamu Basin Assets
(Petrobras, 4.May.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Manati field, a maritime production […]
Petrobras Reaches Oil Export Record In April
(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening […]
Petrobras Faces Virus Outbreak Offshore
(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
(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
(Petrobras. 27.Apr.2020) — Petrobras, following up on the press release disclosed on 23 January 2020, informs that its wholly-owned subsidiary Petrobras BiocombustĂvel S.A. (PBio), on […]
Petrobras Reverses Production Cuts
(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
(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 […]
Over 30 Cos Vie For Guyana Oil Trading Contract
(Reuters, 21.Apr.2020) — More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and […]
Petrobras Starts Papa-Terra Binding Phase
(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
(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 […]
Petrobras Eyes Restart At Ships Hit By Coronavirus
(Reuters, 17.Apr.2020) — Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that […]
Petrobras Eyes Restart Oil Ships Hit By Coronavirus
(Reuters, 17.Apr.2020) — Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that […]
Brazil’s Petrobras Releases Tax Report For 2019
(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
(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 […]
Brazil Battles Coronavirus Cases On Offshore Rigs
(Reuters, 14.Apr.2020) — There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently […]
Petrobras To Delay Payments From CDLs
(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
(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
(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 […]
Brazil’s State Oil Giant Petrobras Cancels Dividend
(Petrobras, 8.Apr.2020) — Petrobras informs, in addition to the press release disclosed on 7 April 2020 about cancellation of the Annual General Meeting (AGM), that […]
Petrobras Finds Oil At Campos Basin Natator Well
(Petrobras, 7.Apr.2020) — Petrobras informs that it has identified the presence of oil in a exploratory well of the Sudoeste de Tartaruga Verde block, located […]
Petrobras Approves Oil Output Of 2.1 MMb/d
(Petrobras, 7.Apr.2020) — Petrobras approved a level of oil production in Brazil for April of 2.07 million barrels per day (b/d). This new monthly production […]
Petrobras Cancels 2020 Shareholders’ Meeting
(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
(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 […]
Petrobras Sets Date To Report 1Q:20 Results
(Petrobras, 7.Apr.2020) — Petrobras reports that it will release its quarterly production and sales report on 27 April 2020 and its financial statements report on […]
Petrobras Says S&P Changes Global Rating Perspective
(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 […]
LatAm Exploration To Be Slammed By Low Prices
(NGI, 7.Apr.2020) — At current prices, Latin American oil reserves at risk of not being developed or pushed out into the future could amount to […]
Petrobras Projects Lower April Output
(Argus, 7.Apr.2020) — 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 […]
Petrobras Finds Oil At Araucária Prospect
(Petrobras, 2.Apr.2020) — 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) — Petrobras entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil Participações S.A. – under judicial […]
Petrobras Cuts Output By Another 100,000 B/D
(Petrobras, 1.Apr.2020) — 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) — 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) — 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) — Petrobras reports that has received the nomination of one more name for the Board of Directors. Thus, pursuant to the CIRCULAR LETTER/CVM/SEP/NÂş02/2020, […]
Petrobras’ Divestment Push Challenged By Oil Price War
(Reuters, 26.Mar.2020) — 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) — 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) — 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) — 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) — 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) — 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) — 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) — Petrobras, following up on the press release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras […]