(Petrobras, 9.Jul.2020) — Petrobras signed with OP Pescada Ă“leo e Gás Ltda., a wholly-owned subsidiary of Ouro Preto Ă“leo e Gás S.A., an agreement for the sale of its entire stake in the Pescada, Arabaiana, and DentĂŁo fields located in shallow waters of the Potiguar Basin (Pescada Cluster), in the […]
Tag: Petrobras
Petrobras Reports Record Bunker 2020 Output
(Petrobras, 8.Jul.2020) — Petrobras informs that the PaulĂnia Refinery (Replan), located in the state of SĂŁo Paulo, broke the monthly production record for Bunker 2020, a low-sulfur fuel oil used on ships, for the second consecutive month. In June, the refinery reached 148 thousand mÂł, 20% higher than the previous […]
Petrobras To Open Tender For Brazil’s Biggest Platform
(Reuters, 8.Jul.2020) — Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally […]
Petrobras Decommissions P-12 Platform
(Petrobras, 7.Jul.2020) — Petrobras informs that, after approval by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), the Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA) and the Navy, it started decommissioning the P-12 platform in the Campos Basin. Decommissioning of P-07 and P-15 in the […]
Petrobras Awards Saipem $325mn Buzios Subsea Deal
(Saipem, 6.Jul.2020) — Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the BĂşzios pre-salt project, in water depths from 1537 to 2190 meters, offshore the state of Rio de Janeiro. The BĂşzios-5 overall production system foresees the interconnection of […]
Petrobras Eyes Braskem Deal With Odebrecht
(Reuters, 6.Jul.2020) — Brazilian state-led oil company Petrobras expects within six months to reach an understanding with engineering group Odebrecht on a new shareholder agreement for petrochemical company Braskem SA , the oil firm’s CEO said Monday. Roberto Castello Branco, chief executive of Petroleo Brasileiro SA, as the company is […]
Petrobras Eyes LNG Units For Pre-salt Gas
(Reuters, 3.Jul.2020) — Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company’s emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated […]
Petrobras Begins NTS Binding Phase
(Petrobras, 3.Jul.2020) — Petrobras, following up on the press release disclosed on 15 May 2020, announces the beginning of the binding phase regarding the sale of its 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed […]
Petrobras’ Teaser For Sale Of Petrobras BiocombustĂvel
(Petrobras, 3.Jul.2020) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its wholly-owned subsidiary Petrobras BiocombustĂvel S.A. (PBIO). This transaction consists of the sale of 100% of Petrobras’ shares in PBIO, including three biodiesel plants, and does not include the sale of PBIO’s stakes in BSBios (50.0%) […]
Lawmakers Seek To Block Sale Of Petrobras’ Refineries
(Reuters, 2.Jul.2020) — Brazilian lawmakers are seeking a Supreme court injuction to prevent state-run oil company Petrobras from selling its refineries Landulpho Alves and Repar, according to documents seen by Reuters. In their request, lawmakers argue that the sale cotradicts a previous court decision ordering Petrobras to ask for the […]
Petrobras Supports TCFD
(Petrobras, 1.Jul.2020) — Petrobras is supporting the Task Force for Climate-related Financial Disclosures (TCFD), an initiative by the Financial Stability Board of the G20 group, which is comprised by 19 leading global economies and the European Union, with the mission of developing recommendations for the disclosure of financial risks related […]
Petrobras To Cut Over 20% Of Workforce
(Reuters, 1.Jul.2020) — Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor […]
Essar Bid For Petrobras’ Bahia Refinery
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil’s Petroleo Brasileiro SA to buy the country’s second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil’s state-controlled oil producer is known, has received at least two offers for the […]
Brazil’s IBP Sees COVID-19 Impact Until The End Of 2021
(Reuters, 30.Jun.2020) — Brazil’s oil industry expects a recovery in domestic demand in the next months driven by growing China imports, but the negative effects of COVID-19 are expected to last through the end of 2021, lobbying group IBP said in a note on Tuesday. Consumption could drop by more […]
Brazil’s Refinery Utilization Rate Stable
(S&P Global Platts, 30.Jun.2020) — Brazil’s refineries returned close to pre-pandemic levels in June, despite several incidents at processing units across Latin America’s biggest country that led to output volatility during the month, the Mines and Energy Ministry said June 30. State-led oil company Petrobras, which operates 98% of Brazil’s […]
Petrobras Says Buzios Oil Field Achieved New Record
(Reuters, 29.Jun.2020) — Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totalling 664,000 bpd and 822,000 boed. The oil company said it sold 764,000 cubic meters of diesel […]
Petrobras Implements PDV At Transpetro
(Petrobras, 29.Jun.2020) — Petrobras said the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), approved the creation of a Voluntary Severance Program (PDV), exclusive to its employees. The PDV is an important staff management tool, being yet another measure focused on cost reduction, in order to strengthen […]
Petrobras Releases Teaser For Sergipe-Alagoas Basin
(Petrobras, 29.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection […]
Petrobras Reports BĂşzios Production Record
(Petrobras, 29.Jun.2020) — Petrobras reports that the platforms (P74, P-75, P-76 and P-77) installed in the BĂşzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). […]
Petrobras On The New Code Of Ethical Conduct
(Petrobras, 26.Jun.2020) — Petrobras said its Board of Directors has approved the company’s new Code of Ethical Conduct. The document, which unites the Code of Ethics with the Guide to Conduct, follows the best corporate integrity practices and represents another step towards strengthening the company’s integrity culture. The unification is […]
Total Reports Ramp-Up On Iara With Second FPSO
(Total, 25.Jun.2020) — Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil. With a productive capacity of 150,000 barrels of oil per day, this new unit double the […]
Petrobras Starts Production In Atapu Pre-salt
(Petrobras, 25.Jun.2020) — Petrobras reports that it started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the BĂşzios field. The Atapu shared deposit, which comprises the fields Oeste de Atapu, Atapu […]
Petrobras To Receive Offers For Bahia Refinery
(Reuters, 24.Jun.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets. If the deal for […]
Petrobras Appoints Board Member Ruy Flaks Schneider
(Petrobras, 24.Jun.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mr. Ruy Flaks Schneider for the position of member of the company’s Board of Directors. Mr. Ruy Schneider’s appointment will be submitted to Petrobras’ 2020 Annual General Meeting, called for July […]
Petrobras On Landulpho Alves refinery (RLAM) News
(Petrobras, 24.Jun.2020) — Petrobras, regarding to the news published in the media, clarifies that the date to receive the binding proposals for the divestment project of the Landulpho Alves refinery (RLAM) in Bahia is tomorrow, 25 June 2020. Facts deemed relevant on the matter and other portfolio management projects of […]
Petrobras On Deal With Sete Brasil
(Petrobras, 24.Jun.2020) — Petrobras, following up on the release disclosed on December 20, 2019, informs that its Executive Board approved a change in the deadline for certain conditions set forth in the agreement with Sete Brasil to be implemented. Therefore, the effectiveness of the agreement and of the other related […]
Petrobras Comments On Partial Award In Arbitration
(Petrobras, 21.Jul.2020) — Petrobras, following up on the release dated 22 June 2020, filed a motion to vacate a partial arbitration award rendered in an arbitration filed by Petros and Previ before the Market Arbitration Chamber (CAM) of B3. As a result of the rules of the CAM, the motion […]
Petrobras Releases Shallow Water E&P Teaser
(Petrobras, 19.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Atum, CurimĂŁ, Espada and XarĂ©u fields, maritime production concessions in shallow waters located in the MundaĂş sub-basin, in the State of Ceará. The teaser, which includes […]
Petrobras Eyes Selling BR Stake In 2H:20, Sources Say
(Reuters, 17.Jun.2020) — Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country’s top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said. Petrobras will try to conclude the offering during the second half of the year, […]
Petrobras’ E&P Teaser For Alagoas State Assets
(Petrobras, 17.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore and shallow water concessions located in the state of Alagoas. The teaser, which includes key information about the opportunity, as well as […]
Petrobras On BR Distribuidora S.A. News
(Petrobras, 17.Jun.2020) — Petrobras, regarding to the news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that, according to the press released on 16 January 2020, has been studying a possible additional sale of its stake in BR. However, there is […]
Petrobras Approves Date For 2020 Annual General Meeting
(Petrobras, 16.Jun.2020) — Petrobras’ Board of Directors approved the date of 22 July 2020 for the Annual General Meeting (AGM) in accordance with the Provisional Measure No. 931/2020 and CVM Decision No. 849/2020. The documents relating to the AGM will be disclosed to the market in due course __________
Petrobras Starts Binding Phase Of Wind Farms
(Petrobras, 12.Jun.2020) — Petrobras, following up on the press release disclosed on 13 March 2020 and 4 May 2020, announces the beginning of the binding phase regarding the joint sale, with Wobben Windpower IndĂşstria e ComĂ©rcio Ltda (Wobben), of all of its shares (51% Wobben and 49% Petrobras) in the […]
Petrobras On Binding Phase Of Assets In Colombia
(Petrobras, 12.Jun.2020) — Petrobras, following up on the press release disclosed on 21 May 2020, announces the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO). Qualified parties […]
Petrobras To Not Hire Tankers That Visited Venezuela
(Reuters, 12.Jun.2020) — Brazil’s Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signaling adherence to U.S. sanctions on the Latin American nation. The United States this year blacklisted oil tankers […]
Petrobras Refineries Near Pre-pandemic Levels
(Reuters, 12.Jun.2020) — Utilization rates at refineries owned by Brazil’s Petrobras are nearing pre-pandemic levels, as lower fuel imports by competitors and resilient international demand for bunker fuel provide a boost, the state-run company told Reuters on Friday. According to public data from last week, refineries owned by Petroleo Brasileiro […]
Petrobras Clinches Naphtha Supply Deal From Braskem
(Zacks, 12.Jun.2020) — Petrobras recently grabbed a bargain with a new five-year deal to supply naphtha to Braskem SA’s BAK unit in Bahia and Rio Grande do Sul states. Per the contract, Petrobras will supply at least 650,000 metric tonnes of naphtha annually to Braskem with an additional maximum capacity […]
Brazil’s PPSA Issues Pre-salt Oil Share Data
(Argus, 11.Jun.2020) — Brazil’s state-owned pre-salt marketing firm PPSA took around 17pc of crude from three production-sharing contracts in April, according to monthly data published by the firm for the first time. The company’s share of the 56,000 b/d of gross pre-salt production from the Mero, Etorno de Sapinhoa and […]
Petrobras Starts Non-binding Phase For Power Plants
(Petrobras, 10.Jun.2020) — Petrobras, following up on the press release disclosed on 13 May 2020, informs the beginning of the non-binding phase regarding the sale of four thermal power plants, three of them located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and […]
Petrobras On New Naphtha Contracts With Braskem
(Petrobras, 10.Jun.2020) — Petrobras signed new long-term contracts for the supply of petrochemical naphtha with Braskem S.A. for the units in the states of Bahia and Rio Grande do Sul. The contracts come into force after the current contract closes in December 2020, and have a term of five years, […]
Petrobras On EspĂrito Santo Basin Asset Divestment
(Petrobras, 10.Jun.2020) — Petrobras, in reference to the press released on 1 June 2020, regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11 concessions, located in the EspĂrito Santo Basin, hereby discloses to the interested parties that […]
Petrobras Files 2019 Sustainability Report
(Petrobras, 10.Jun.2020) — Petrobras filed its 2019 Sustainability Report today. In addition to presenting Petrobras’ operational, economic, social, environmental, and governance performance in 2019, the report also includes data regarding the first months of 2020, especially regarding the effects of the Covid-19 pandemic on the company and the oil industry. […]
Bolivia Boosts Gas Exports To Argentina
(Energy Analytics Institute, 10.Jun.2020) — Bolivia’s state oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) increased, as of 1 June, natural gas exports requested by IntegraciĂłn EnergĂ©tica Argentina S.A. (IEASA) to 18 million from 16 million cubic meters per day (MMcm/d). IEASA’s gas requirements, during May 2020, the month in which […]
Bolivia Eyes Ramp Up In Gas Exports To Brazil, Argentina
(Energy Analytics Institute, 10.Jun.2020) — Bolivia’s state oil and gas entity Yacimientos Petrolifos Fiscales Bolivianos (YPFB) has boosted natural gas exports as of 1 June 2020 as requested by IntegraciĂłn EnergĂ©tica Argentina S.A. (IEASA) to 18 million cubic meters per day (MMcm/d) from 16 million cubic meters per day while […]
Petrobras Hits New Fuel Oil Export Record
(Argus, 8.Jun.2020) — Brazil’s state-controlled Petrobras exported a record 1.11mn t of fuel oil in May, marking a return to the company’s focus on higher-margin fuel exports after the Covid-19 pandemic scuttled the firm’s plans earlier in the year. Volumes exported in May were up 10pc compared with the previous […]
Petrobras Reports Rise In Fuel Exports
(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% higher than the volume exported in May last year. It is important to highlight that, on […]
Petrobras’ Reveals Details Of Five Generation Companies
(Petrobras, 4.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), EnergĂ©tica Suape II S.A. (Suape II), TermoelĂ©trica Potiguar S.A. (TEP), Companhia EnergĂ©tica Manauara S.A. (CEM) and Brentech Energia S.A. (Brentech). The teaser, which contain key […]
Petrobras Concludes $3.25bn Global Notes Offering
(Petrobras, 3.Jun.2020) — Petrobras concluded the offering of two series of Global Notes in the international capital market in the amount of $ 3.25 billion, with $ 1.5 billion from the issuance of the 2031 new notes and $1.75 billion from the issuance of the 2050 new notes, by means […]
Petrobras Starts Camamu Basin Non-binding Phase
(Petrobras, 1.Jun.2020) — Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a shallow water maritime production concession located in the Camamu Basin, in the State of Bahia. Potential buyers qualified for […]
Petrobras Concludes Sale Of Seven Onshore Fields
(Petrobras, 29.May.2020) — Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven onshore production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte, to SPE 3R Petroleum S.A., a wholly owned subsidiary […]