(Reuters, 17.Mar.2020) — The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged […]
Tag: Petrobras
Petrobras Reduces Workforce Amid Virus
(S&P Global Platts, 17.Mar.2020) — 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) — 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) — Brazil’s 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 BĂşzios
(Petrobras, 11.Mar.2020) — Petrobras reports that it achieved on March 10th a new production record in BĂşzios field, in the Santos Basin pre-salt: 640 thousand […]
Petrobras Reports On Petros Plan
(Petrobras, 10.Mar.2020) — 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) — Latin America’s bold plans to tap deepwater, unconventional and heavy oil reserves — already under pressure by coronavirus in key demand markets […]
Petrobras Inks Deal To Sell Onshore Tucano Basin Fields
(Petrobras, 9.Mar.2020) — Petrobras signed an agreement with Eagle Exploração de Ă“leo e Gás Ltda. for the sale of 100% of its stakes in four […]
Petrobras Cuts Bolivia Gas Offtake By 30pc
(Argus, 6.Mar.2020) — 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) — 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) — 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) — Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil Participações […]
Petrobras Hits New Production Record
(Reuters, 10.Feb.2020) — Brazil’s 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) — 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) — 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) — 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) — Petrobras announced that on February 5, 2020, it priced the global offering by Banco Nacional de Desenvolvimento EconĂ´mico e Social – BNDES […]
Bolsonaro Ready To Ax Fuel Taxes
(Reuters, 6.Feb.2020) — 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) — 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) — 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) — Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), […]
Petrobras Starts Teaser For Papa-terra Field
(Petrobras, 3.Feb.2020) — Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in […]
Petrobras’ Pará-MaranhĂŁo Basin Teaser
(Petrobras, 3.Feb.2020) — 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) — 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) — 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) — 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) — 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) — 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) — 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) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria Cláudia GuimarĂŁes for the […]
Petrobras On Corporate Governance Program
(Petrobras, 29.Jan.2020) — 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) — 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) — 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) — 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) — Petrobras announced today that Banco Nacional de Desenvolvimento EconĂ´mico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up […]
Petrobras On Unfavorable CARF Decision
(Petrobras, 21.Jan.2020) — Petrobras announced the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued an unfavorable decision, by a casting vote, on an […]
Petrobras Starts Non-binding Phase For TAG Sale
(Petrobras, 17.Jan.2020) — Petrobras, following up on the press release disclosed on 12/11/2019, announces the beginning of the non-binding phase related to the sale of […]
Petrobras Downplays Sale Of BR Distribuidora
(Petrobras, 16.Jan.2020) — Petrobras, with regards to news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies […]
Petrobras Starts EspĂrito Santo Basin Teaser
(Petrobras, 15.Jan.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in two sets of deep-water post-salt offshore […]
Petrobras OKs Mothballing Of Fertilizer Plant
(Petrobras, 14.Jan.2020) — Petrobras approved the mothballing of the fertilizer plant of its wholly owned subsidiary Araucária Nitrogenados S.A. (ANSA), located in the state of […]
Petrobras Finalizes PO&GBV Divestment
(Petrobras, 14.Jan.2020) — Petrobras, following up on the release dated 10/31/2018, reports today that it completed the sale – to Petrovida Holding B.V. (Petrovida) – […]
YPFB To Use Gasbol Pipeline Independently
(Reuters, 10.Jan.2020) — The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in […]
Petrobras Comments On Public BNDES Share Offering
(Petrobras, 6.Jan.2020) — Petrobras, following up on the release disclosed on December 13, 2019, reports that it has received new correspondence from the National Bank […]
COSAN Seeks Permits For Alternative Route 4
(S&P Global Platts, 6.Jan.2020) — Brazil sugar and ethanol group Cosan applied for environmental permits to build a second tranche of the Route 4 offshore […]
Petrobras Informs On Fuel Prices
(Petrobras, 3.Jan.2020) — Petrobras, informs that, due to the latest events in Middle East, it will carry on with its international market monitoring process. The […]
Petrobras Says Lins Resigns As Board Member
(Petrobras, 2.Jan.2020) — Petrobras announced that Board Member Clarissa de AraĂşjo Lins presented her resignation as member of the Board of Directors of the company, […]
Petrobras On Sale Tartaruga Verde And Module III
(Petrobras, 30.Dec.2019) — Petrobras following up on the press release disclosed on 27 December 2019, reaffirms that the total value of the sale of 50% […]
Petrobras Inks Gas Deal With YPFB
(Energy Analytics Institute, Aaron Simonsky, 30.Dec.2019) — Brazil’s state oil giant Petrobras inked a transition agreement under the natural gas supply agreement (GSA) with its […]
Petrobras Names JP Morgan New ADR Depositary Bank
(Petrobras, 30.Dec.2019) — Petrobras announced that JP Morgan Chase will be the new representative of the American Depositary Receipt (ADR) program for its shares traded […]
Petrobras Finalizes Auctions Payments To ANP
(Petrobras, 27.Dec.2019) — Petrobras today made the final payments in the amount of R$ 34.191 billion (thirty four billion one hundred and ninety one million […]