(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 that the information that a possible subsequent offer of shares will take place in February and that the banks that will coordinate the operation have […]
Tag: Petrobras
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 concessions, namely Golfinho Cluster and Camarupim Cluster, located in the EspĂrito Santo Basin. The teaser, which includes key information about the opportunity, as well as […]
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 Paraná. ANSA has been posting recurring losses since it was acquired in 2013. From January to September 2019, the company posted a loss of about […]
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) – of the 50% equity interest held by Petrobras International Braspetro B.V. (PIBBV) in Petrobras Oil & Gas B.V. (PO&GBV). The transaction involved a total amount […]
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 Brazil beyond state-run oil firm Petrobras, according to a publication on Friday in the official gazette. Brazil’s Energy Ministry gave the green light to a […]
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 for Economic and Social Development (BNDES) in which it reports that it has invited Banco de Investimentos Credit Suisse (Brasil) S.A., Bank of America Merrill […]
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 natural gas export pipeline in a move that would add much-needed transportation capacity and boost oil and gas output from subsalt fields, according to documents […]
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 company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments. The company will continue to monitor 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, as well as the Board Committees of which she was a member, for professional reasons that prevent her, at this moment, from continuing to perform […]
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% of exploration and production rights of the Tartaruga Verde field (concession BM-C-36) and Module III of the Espadarte field to Petronas PetrĂłleo Brasil Ltda was […]
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 Bolivian counterpart Yacimientos PetrolĂferos Fiscales Bolivianos or YPFB. The agreement, signed on 27 December 2019, establishes a transition period (from 1 January 2020 thru 30 […]
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 in the New York Stock Exchange (NYSE) from 1 January 2020 to 31 December 2024. ADR holders may call the new depositary bank at 1-800-990-1135 […]
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 reais), referring to the bidding rounds of the Transfer of Rights (TOR) surplus, Buzios and ItapĂş areas, 16th round under Concession Regime, block CM-477, and […]
Petrobras Informs About Pbio’s Interest In BioĂłleo
(Petrobras, 27.Dec.2019) — Petrobras, following up on the release disclosed on 20 December 2019, announced its wholly owned subsidiary, Petrobras BiocombustĂvel S.A. (PBio), signed a contract for the sale of its 6.07% stake in BioĂłleo Industrial e Comercial S.A. (BioĂłleo) to 2H Participações Societárias EIRELI, which holds the other 93.93% […]
Petrobras Announces Binding Phase On E&P Assets
(Petrobras, 23.Dec.2019) — Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the EspĂrito Santo Basin. Qualified parties for this phase will receive a process letter with instructions […]
Petrobras About Expression Of Interest On E&P Assets
(Petrobras, 23.Dec.2019) — Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no […]
Petrobras Announces Binding Phase On E&P Assets
(Petrobras, 23.Dec.2019) — Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the EspĂrito Santo Basin. Qualified parties for this phase will receive a process letter with instructions […]
Petrobras Starts Regap Binding Phase
(Petrobras, 20.Dec.2019) — Petrobras, following up on the release dated on October 4, 2019 informs the beginning of the binding phase related to the sale of Gabriel Passos Refinery (REGAP) in Minas Gerais, with its corresponding logistical assets. Potential buyers qualified for this phase will receive a process letter with […]
Petrobras Reveals Teaser For PBio’s Sale Of BSBios
(Petrobras, 20.Dec.2019) — Petrobras reports that its wholly owned subsidiary Petrobras BiocombustĂveis S.A. (PBio) has started the opportunity disclosure phase (teaser) related to the joint sale of all its shares in BSBios IndĂşstria e ComĂ©rcio de Biodiesel Sul Brasil S/A (BSBios). PBio holds a 50% stake in BSBios and will […]
Petrobras On Biofuels Segment Exit Strategy
(Petrobras, 20.Dec.2019) — Petrobras reports on divestments in the biofuels segment. The company guideline to exit this segment, announced in 2016, accelerated in 2019 and four important transactions were carried out this year: 1. Sale of stake in Belem Bioenergia Brazil (BBB) – Petrobras BiocombustĂvel S.A. (PBio), a Petrobras subsidiary, […]
British Firms Among Bidders For Petrobras Oilfields
(Reuters, 19.Dec.2019) — Anglo-French firm Perenco, UK-based Trident Energy and Premier Oil Plc are among the companies examining the purchase of a cluster of Petrobras oilfields in Brazil known as Polo Garoupa, seven told sources told Reuters in recent weeks. The deliberations are preliminary, and it is possible none of […]
Petrobras To Pay Shareholder Remuneration
(Petrobras, 18.Dec.2019) — Petrobras announced its Board of Directors, at a meeting held 18 Dec., approved the distribution of anticipated remuneration to shareholders as interest on equity, in the total gross amount of R$ 2,352,827,349.18, corresponding to R$ 0.42 per outstanding preferred share. The payment will be made on February […]
Petrobras Joins Tax Programs
(Petrobras, 18.Dec.2019) — Petrobras, under the scope of its ongoing contingency assessment process, decided to join the Programs for Partial Tax Remission and Interest and Fine Reduction on VAT (ICMS) Debt established by the states of Amazonas, Alagoas, Bahia, Pernambuco, Rio Grande do Sul and Sergipe. The tax debts included […]
Petrobras Seeks Alternatives For Comperj
(Petrobras, 18.Dec.2019) — Petrobras has completed the economic feasibility study regarding the completion of the Comperj refinery construction, together with the Chinese company CNPC and its affiliates, under the agreements to implement the strategic partnership, as disclosed to the market on October 16, 2018. The study showed that the completion […]
Petrobras Starts Sergipe Alagoas Basin Binding Phase
(Petrobras, 17.Dec.2019) — Petrobras, following up on the release disclosed on 11/01/2019, started the binding phase referring to the sale of its interest in fifteen onshore exploratory blocks, located in the Sergipe-Alagoas Basin. Qualified parties for this phase will receive a process letter with instructions on the divestment process, including […]
Petrobras Announces E&P Asset Binding Phase
(Petrobras, 17.Dec.2019) — Petrobras, following up on the release disclosed on 11/01/2019, announces that it has started the binding phase referring to the sale of its interest in fifteen onshore exploratory blocks, located in the Sergipe-Alagoas Basin. Qualified parties for this phase will receive a process letter with instructions on […]
Sinopec, EIG Deliver Bid For Petrobras Refinery
(Reuters, 17.Dec.2019) — China’s Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, three people with knowledge of the matter said. With a processing capacity of 150,000 barrels per day, REGAP is the fifth-largest refinery of eight up […]
YPFB Fundamental For Bolivia Gas Supply
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — Bolivia’s Hydrocarbon Minister VĂctor Hugo Zamora said the new team at state oil company YPFB will be fundamental in negotiations related to expansion of a natural gas supply contract addendum with Brazil’s state controlled Petrobras that will allow Bolivia to continue exporting gas […]
Petrobras Prepays $5bn CDB Loan
(Petrobras, 16.Dec.2019) — Petrobras, following up on the press release disclosed on August 14, 2019, prepaid a $5 billion loan with China Development Bank (CDB), due in 2027. This prepayment will lead to the termination of the obligation to preferentially supply, under market conditions and for the term of financing, […]
Petrobras Starts Pelotas Basin Disclosure Stage
(Petrobras, 16.Dec.2019) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its interest in the concession BM-P2, located in the Pelotas Basin, in the state of Rio Grande do Sul. Petrobras and Total are partners in this concession, and each has a 50% stake, with Petrobras […]
BNDES Evaluates Sale Of Its Petrobras Shares
(Petrobras, 13.Dec.2019) — Petrobras received correspondence from Banco Nacional de Desenvolvimento EconĂ´mico e Social (BNDES), in which it communicates the intention to evaluate the sale up to the totality of common shares issued by Petrobras in its ownership, through a secondary public offering of shares with broad distribution efforts in […]
S&P Ups Petrobras’ Global Scale Outlook
(Petrobras, 12.Dec.2019) — Petrobras said rating agency S&P Global Ratings (S&P) raised the company’s global scale outlook from stable to positive, and maintained its corporate debt rating at “BB-“. Yesterday, the agency revised the outlook on its long-term rating on Brazil to positive, reflecting prospects for an upgrade in the […]
Petrobras’ Teaser For TAG Stake Divestment
(Petrobras, 11.Dec.2019) — Petrobras started the opportunity disclosure stage (teaser), relating to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG). The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the […]
Petrobras On TOR Amendment
(Petrobras, 11.Dec.2019) — Petrobras following up on the release dated November 1, 2019, informs that, in alignment with its cash management strategy and in accordance with the provisions of the Amendment Term to the Transfer of Rights Agreement, paid to the Federal Government the amount of R$ 34.420 billion (thirty-four […]
Petrobras Sales Fields In Rio Grande Do Norte
(Petrobras, 9.Dec.2019) — Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P S.A., a subsidiary of PetrorecĂ´ncavo […]
Petrobras To Lease LNG Regasification Terminal
(Petrobras, 9.Dec.2019) — Petrobras, in accordance with the commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the […]
Petrobras To Lease Out LNG Terminal
(Argus, 9.Dec.2019) — Brazilian state-controlled Petrobras has started pre-qualifying bidders for a long-term lease of its 20mn mÂł/d Bahia LNG import terminal and associated pipeline, opening the company’s lock on Brazil’s LNG imports. Petrobras said the planned terminal lease aligns with its July 2019 agreement with anti-trust regulator Cade to […]
Petrobras Plans $34bn In Dividends
(Bloomberg, Simon Casey and Sabrina Valle, 5.Dec.2019) — Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, CEO Roberto Castello Branco said. The plan is a major shift for the state-controlled oil […]
Petrobras May Divest Stakes In Marlim, Papa-Terra
(Reuters, 4.Dec.2019) — Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm’s […]
Petrobras Host Investor Day In NYC
(Energy Analytics Institute, Aaron Simonsky, 4.Dec.2019) — Brazil’s state-controlled oil giant Petrobras hosted media and analyst during its annual investor day event in New York City on Dec. 4, which was followed by another in London on Dec. 6. What follows is the link to the 51-page presentation: Petrobras Investor […]
Petrobras Discloses Binding Phase For E&P Assets
(Petrobras, 3.Dec.2019) — Petrobras, following up on the release dated on 09/30/2019 and 10/15/2019, reports on the beginning of the binding phase regarding the sale of its interests in eight onshore exploratory blocks located in the RecĂ´ncavo Basin. Qualified parties for this phase will receive process letters with instructions on […]
Petrobras Starts EspĂrito Santo Basin Teaser
(Petrobras, 3.Dec.2019) — Petrobras started the opportunity disclosure stage, referring to the sale of its interest in two onshore exploratory blocks, located in the EspĂrito Santo Basin. Petrobras holds a 50% stake in each of the blocks, in partnership with Cowan PetrĂłleo e Gás, which is the operator and holds […]
Bolivia Revises Gas Reserves, Fixes GCC Line
(Argus, Patricia Garip, 3.Dec.2019) — Bolivia’s new interim government has revised down the figure for natural gas reserves, applying a more conservative interpretation of the certified data. Proven reserves are 8.95 Tcf (254bn mÂł) as of the end of 2017, rather than 10.7 Tcf as the previous government had asserted, […]
Petrobras Discloses Teaser In Sergipe-Alagoas Basin
(Petrobras, 2.Dec.2019) — Petrobras started the opportunity disclosure stage, referring to the sale of its interest in the onshore fields of DĂł-RĂ©-Mi and Rabo Branco, belonging to the BT-SEAL-13 Concession, located in the SergipeAlagoas Basin. The teaser, which contains key information about the opportunity, as well as the eligibility criteria […]
Petrobras Shares Slip On Production Target
(Reuters, Roberto Samora , 28.Nov.2019 ) — Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan. Petrobras, as the state-run company is known, aims to […]
Petrobras Inks Deal To Divest Frade Field
(Petrobras, 28.Nov.2019) — Petrobras signed with PetroRio Jaguar PetrĂłleo Ltda., subsidiary of Petro Rio S.A., a contract on 28 Nov. for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for $100 million. Currently, PetroRio holds […]
Brazil, China, UAE Firms Eying Petrobras Refineries
(Reuters, Tatiana Bautzer and Carolina Mandl, 28.Nov.2019) — Brazil’s state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the […]
Petrobras Deal With Acron Group Flops
(Energy Analytics Institute, Aaron Simonsky, 26.Nov.2019) — Brazil’s state oil company Petrobras announced that ongoing negotiations with Acron Group closed without the companies coming to agreement regarding divestment of the Brazilian company’s 100% equity interest in Araucária Nitrogenados S.A. (ANSA) and Nitrogen Fertilizer Unit III (UFN-III). Rio de Janeiro-based Petrobras […]
Equinor Says Brazil ‘Hotspot’ Of Int’l Efforts
(Reuters, 26.Nov.2019) — Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” of its international efforts, the company’s exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing […]
Ex-Petrobras Trader Tells Judge Vitol Bribed Him
(Bloomberg, Sabrina Valle and Andy Hoffman, 25.Nov.2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Carlos Roberto Martins Barbosa […]