(Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024) — Petrobras plans to pay dividends today as approved by its Board of Directors on 21 Nov. 2024. The gross amount to be distributed corresponds to R$1.55174293 per common and preferred share, paid totally in the form of dividends, the Rio de Janeiro-based company […]
Tag: Petrobras
Petrobras Terminates Plan to Divest Uruguá and Tamba Fields
(Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024) — Petrobras notified Brava Energia S.A., the controlling shareholder of Enauta Energia S.A., on 21 Dec. 2024 of its decision to terminate the contract for the assignment of its entire interest in the Uruguá and Tamba fields. Petrobras’ decision was a result of the […]
Petrobras Inks Protocol of Intent with CSN, Eyes Hydrogen Plant in Paraná
(Energy Analytics Institute, 19.Dec.2024) — Petrobras inked a Protocol of Intent with a group company dedicated to innovation projects. The agreement between Petrobras and the companies Companhia SiderĂşrgica Nacional S.A. (CSN) and CSN Inova Soluções S.A., represents a first step towards structuring a business partnership aimed at setting up a […]
Petrobras Starts SNOX Unit at Abreu e Lima RefineryÂ
(Energy Analytics Institute, 19.Dec.2024) — Petrobras commenced operation of the atmospheric emissions reduction unit (SNOX) at the Abreu e Lima refinery (RNEST). Reduced emissions at RNEST — located in the city of Ipojuca, in the Brazilian state of Pernambuco — will allow the refinery to boost its current processing capacity […]
Petrobras Updates on 6.250% Global Notes due 2026
(Energy Analytics Institute, 18.Dec.2024) — State-owned Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) delivered notices to the holders of the outstanding 6.250% Global Notes due 2026 announcing the redemption price for the notes. As previously announced, the redemption date for payment on the notes will be made prior to […]
Kongsberg to Deliver 6 Hybrid PSVs to CMM in Brazil
(Aaron Simonsky, Energy Analytics Institute, 16.Dec.2024) — Kongsberg Maritime, in partnership with Compagnie Maritime Monegasque (CMM), ranked first in Petrobras’ tender for 6 state-of-the-art hybrid large multipurpose 5,000 DWT Platform Supply Vessels (PSV) with oil spill recovery capacity. As a result, CMM has secured firm 12-year charter contracts with state-owned […]
Petrobras Chairman Pietro Mende Appointed to ANP Board
(Aaron Simonsky, Energy Analytics Institute, 16.Dec.2024) — Petrobras said that the chairman of the company’s Board of Directors, Pietro Adamo Sampaio Mendes, was appointed by Brazil’s presidency to occupy a Board of Directors of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Under the terms of article 5 […]
Petrobras to Return to DJSI World in Feb. 2025
(Aaron Simonsky, Energy Analytics Institute, 16.Dec.2024) — Rio de Janeiro-based Petrobras will return to the Dow Jones Sustainability Index World (DJSI World) of S&P Global’s Corporate Sustainability Assessment as of Feb. 2025. Petrobras’ return to the index is recognition of the Brazilian company’s efforts and initiatives in the environmental, social […]
SLB Inks Deal with Petrobras for BĂşzios Field
(Energy Analytics Institute, 12.Dec.2024) — SLB revealed a contract award by Rio de Janeiro-owned Petrobras to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific BĂşzios field. The award follows a competitive tender, SLB said 12 Dec. 2024 in an official […]
Petrobras Cleared for R$17.12bn Distribution to Shareholders
(Energy Analytics Institute, 10.Dec.2024) — Petrobras‘ Board of Directors approved the distribution of remuneration to shareholders in the amount of R$17.12bn, equivalent to R$1.32820661 per common and preferred share in circulation, Petrobras said 10 Dec. 2024 in an official statement. According to the decision of the Executive Board on 6 […]
Petrobras eyes 10 FPSOs by 2029 with 1.8 MMb/d of production capacity
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 10.Dec.2024, Words: 1,007) — Rio de Janeiro-based Petrobras has an eye on 17 floating production storage offloading (FPSO) vessels over the near-to-middle term with a total production capacity of 2.876 million barrels per day (MMb/d).  In particular, Petrobras aims to […]
Petrobras and Ecopetrol confirm 6 Tcf of gas at Sirius-2
(Piero Stewart, Energy Analytics Institute, 5.Dec.2024) — Brazil’s state-owned Petrobras, through its wholly-owned subsidiary Petrobras International Braspetro B.V. – Colombia Branch (PIB-COL), and Colombia’s state-owned Ecopetrol confirmed the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. With the evaluation of the Sirius-2 well […]
Energy Ministry Nominates Pietro Mendes for ANP Directorship
(Energy Analytics Institute, 4.Dec.2024) — Petrobras Chairman of the Board Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff’s Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, […]
EAI’s NRGBriefs Nov.2024: GranMorgu iEPCI, Sempra PALNG1, Energy Transfer ammonia hub
HOUSTON, TEXAS (Energy Analytics Institute, 30.Nov.2024) — Energy briefs as well as others related to finance and projects during Nov. 2024 including Woodside Energy saying work on its Trion project offshore Mexico is 15% complete; TechnipFMC being awarded a major iEPCI contract by TotalEnergies for the GranMorgu project on Block […]
Petrobras Starts Procurement for SEAP in Sergipe-Alagoas Basin
(Energy Analytics Institute, 29.Nov.2024) — Petrobras initiated a new procurement process for the construction of up to two FPSO oil production units for the Sergipe Deep Waters Project (SEAP), in the Sergipe-Alagoas Basin. The process includes the bidding for one firm unit for SEAP 2 and an option to acquire […]
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Petrobras Reveals Tartaruga Field Teaser [PDF Download]
(Energy Analytics Institute, 27.Nov.2024) — Petrobras commenced the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field, located in the town of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE TiĂŞta (PetrorecĂ´ncavo). Petrobras’ share of production from the Tartaruga Field, considering the […]
Petrobras Inks HOA with Danish Company
(Energy Analytics Institute, 27.Nov.2024) — Petrobras signed a Heads of Agreement (HOA) with the Danish company European Energy—which develops, builds and operates renewable energy assets, including solar and wind generation projects, as well as green hydrogen-based solutions—to structure a business partnership to implement a commercial-scale e-methanol plant in Brazil. The […]
Petrobras Eyes Ethanol Sector
(Energy Analytics Institute, 23.Nov.2024) — Petrobras plans to enter the ethanol sector preferably through minority strategic partnerships or shared control with relevant players in the segment. To this end, Petrobras said 23 Nov. 2024 in an official statement that business possibilities will be analyzed and potential partners prospected. “After these […]
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Petrobras Approves Business Plan 2025-2029 [PDF Download]
(Petrobras, 21.Nov.2024) — Petrobras‘ Board of Directors approved, at a meeting held today, the Strategic Plan 2050 (SP 2050) and the Business Plan 2025-2029 (BP 2025-29). During the development of the Plans, the Board of Directors took part in discussions with the technical areas and the Executive Board, leading to […]
Petrobras BODs Approves Remuneration to Shareholders
(Petrobras, 21.Nov.2024) — Petrobras‘ Board of Directors approved the payment of extraordinary dividends in the amount of R$20bn, equivalent to R$1.55174293 per common and preferred share in circulation, with R$15.6bn as intermediate dividends based on the capital remuneration reserve, and R$4.4bn as interim dividends. The proposed distribution is aligned with […]
Petrobras to Pay Remuneration to Shareholders
(Petrobras, 21.Nov.2024) — Petrobras, following up on the Material Fact of 8 Aug. 2024, will pay the first installment of the dividends approved by its Board of Directors in a meeting held on 8 Aug. 2024.  The gross amount to be distributed today is R$ 0.52660009 per ordinary and preferred […]
Petrobras to Host Webcast to Present Strategic Plan 2050
(Energy Analytics Institute, 18.Nov.2024) — Petrobras will hold a webcast on 22 Nov. 2024 in the presence of the company’s Executive Board of Directors (BODs) to detail its Strategic Plan 2050 and Business Plan 2025-2029, which will be submitted for approval by the same BODs. The event will be presented […]
Petrobras Reiterates Details of 2025-2029 Business Plan
(Energy Analytics Institute, 18.Nov.2024) — Rio de Janeiro-based state oil giant Petrobras reiterated that the proposal for its 2025-2029 Business Plan was deliberated by its Executive Board on 14 Nov. 2024. However, the plan will still be considered by the Board of Directors (BODs) at a meeting scheduled for 21 […]
Petrobras and Yara Ink Deals for Technical Cooperation of ARLA 32
(Energy Analytics Institute, 18.Nov.2024) — PetrĂłleo Brasileiro S.A. or Petrobras signed two agreements with Yara and Araucária Nitrogenados S.A. (ANSA) in a next step towards structuring a potential partnership within fertilizers and industrial products. The first agreement includes the commercialization by Yara of Automotive Liquid Reducing Agent (ARLA 32) produced […]
Petrobras Commences Commercial Operations UPGN in Rio de Janeiro
(Energy Analytics Institute, 11.Nov.2024) — PetrĂłleo Brasileiro S.A. (Petrobras) said the Natural Gas Processing Unit (UPGN), located at the Boaventura Energy Complex (ItaboraĂ, RJ) commenced commercial operation. The UPGN is currently operating with its first module, which has the capacity to process 10.5 million mÂł/day (MMcm/d) of gas, Petrobras revealed 11 […]
Petrobras Starts Commercial Operation of Boaventura Energy Complex’s NGPU
(Petrobras, 11.Nov.2024) — Since 10 Nov. 2024, the Natural Gas Processing Unit (NGPU), situated at the Boaventura Energy Complex (ItaboraĂ, RJ), has been commercially operating its first module, which is capable of processing 10.5 million mÂł/day. Once the second module becomes operational, probably by the end of the year, the […]
Petrobras Comments on Shareholder Remuneration
(Petrobras, 7.Nov.2024) — Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 17.12bn, equivalent to R$ 1.32820661 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the […]
Petrobras Reveals 3Q:24 Financial Performance (PDF Download)
(Petrobras, 7.Nov.2024) — Petrobras Chief Financial and Investor Relations Officer Fernando Melgarejo commented on the Brazilian company’s financial performance in the third-quarter 2024. “In this third quarter of 2024, we achieved consistent financial results amid a context of declining Brent prices, which we were able to offset with higher sales […]
Petrobras Ends Petrobras BiocombustĂvel (PBio) Divestment Project
(Energy Analytics Institute, 6.Nov.2024) — Petrobras‘ Executive Board approved the end of the divestment project of its wholly-owned subsidiary Petrobras BiocombustĂvel S.A. (PBio), which will be retained within the company’s portfolio. This decision is in line with Petrobras’ current strategic guidelines which takes into account the company’s low-carbon businesses, profitably […]
Petrobras Reveals 3Q:24 Webcast Schedule
(Energy Analytics Institute, 5.Nov.2024) — Petrobras has rescheduled for 2 p.m. the webcast to be held on 8 Nov. 2024 to present the company’s third-quarter 2024 results. The event will be presented in Portuguese and will have simultaneous translation into English. The release of the 3Q:24 Financial Performance Report is […]
LatAm NRG matters: highlights, heard from Pampa Energia to Ecopetrol and Petrobras
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Nov.2024, Words: 489) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa Energia to neutral from buy, adjusted its price target to $75/shr v $58/shr; Citigroup also upgraded YPF to buy […]
Petrobras Responds to Rumors about Dividends, Strategic Plan
(Energy Analytics Institute, 1.Nov.2024) — Rio de Janeiro-based Petrobras, responding to news published in the Brazilian media about the payment of extraordinary dividends and about its Strategic Plan, said the news wrongly attributed to Petrobras’ Chief Financial and Investor Relations Officer, Fernando Melgarejo, are not true. “There has been no […]
Ecopetrol and Petrobras to continue exploration offshore Colombia
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Oct.2024, Words: 219) — Colombia’s state-owned Ecopetrol S.A. said the Santa Marta Tribunal issued a favorable decision regarding an appeal against the claim (acciĂłn de tutela) filed by the Indigenous Council of Taganga. This new ruling allows Ecopetrol and its Brazilian counterpart […]
Petrobras 3Q:24 Hydrocarbon Production in Two Charts
(Energy Analytics Institute, 31.Oct.2024) — Brazil’s state-owned Petrobras reported total hydrocarbon production of 2,689 Mboe/d in the third quarter 2024 (3Q:24), down 0.8% sequentially compared to the 2Q:24 and down 7.9% compared the 3Q:23. RELATED STORY: Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download) Importantly, Petrobras was forced to […]
EAI’s NRGBriefs Oct. 2024: GranMorgu, Uchuva gas potential offshore Colombia
HOUSTON, TEXAS (Energy Analytics Institute, 31.Oct.2024) — Energy briefs as well as others related to finance and projects during Oct. 2024 including TotalEnergies and APA Corp. announcing a $10.5bn FID for the GranMorgu development on Block 58; Mexico Pacific and its $15bn FID for the first phase of Saguaro EnergĂa […]
Mero 3 FPSO Starts Production in Libra Pre-salt Offshore Brazil
(Energy Analytics Institute, 30.Oct.2024) — Brazil’s state-owned Petrobras announced that on 30 Oct. 2024 the Marechal Duque de Caxias platform ship (Mero 3) has started producing oil and gas in the Mero field located in the Libra Block in the Santos Basin’s pre-salt layer. Nero 3 can produce up to […]
Petrobras Updates on Collective Action Judgement in the Netherlands
(Petrobras, 30.Oct.2024) — Petrobras, further to the Announcements to the Market of 29 Jan. 2020, 27 May 2021 and 26 Jul. 2023, hereby informs that the District Court of Rotterdam today handed down a favorable judgment on its main arguments in the collective action filed by the Stichting Petrobras Compensation […]
Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download)
(Petrobras, 28.Oct.2024) — In 3Q:24, Petrobras‘ total production of oil, NGL and natural gas reached 2,689 Mboed, in line with 2QĂ‘24. The highlights were the production peak of FPSO Sepetiba, in the Mero field, with the start-up of 3 new producing wells, and the start-up of new wells in BĂşzios […]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Baker Hughes, 28.Oct.2024) — Baker Hughes announced significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The agreement was signed 15 Oct. 2024, following an open tender. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas […]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Energy Analytics Institute, 28.Oct.2024) — Baker Hughes signed significant contracts with Brazil’s state-owned Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The companies inked the agreements on 15 Oct. 2024, following an open tender. The multi-year project includes risers and flowlines for […]
Petrobras Updates on Nitrogen Fertilizer Project
(Petrobras, 25.Oct.2024) — Petrobras‘ Board of Directors decided to continue implementing the Nitrogen Fertilizer Unit (UFN-III), located in TrĂŞs Lagoas (MS). The decision is based on a careful re-evaluation of the project which, considering the premises of the Strategic Plan 2024-2028 (SP 2024-2028), had its economic attractiveness confirmed for this […]
TechnipFMC Announces 3Q:24 Results (PDF Download)
(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production systems contracts, from the U.S. Gulf of Mexico on the bp Kaskida project, as well as other projects. ____________________ By Editors at Energy Analytics Institute. […]
Clariant Recognized by Petrobras with Suppliers Award for Health and Wellness
(Clariant, 24.Oct.2024) — Clariant Oil Services, a producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, was honored with the Petrobras Best Suppliers Award in the Health category for its VIVAZ Program. This wellness initiative fosters positive habits and holistic well-being for employees […]
Petrobras to Invest BRL60mn in BRAVO Buoy’s Phase Two
(Petrobras, 24.Oct.2024) — Petrobras will invest BRL 60mn in a new sea wind testing and measuring phase by releasing new BRAVO buoy units to collect, monitor, and assess offshore wind resources. The technology, designed in an unprecedented way for the Brazilian sea, is the outcome of a successful R&D I […]
Petrobras Reveals 3Q:24 Results Details
(Energy Analytics Institute, 21.Oct.2024) — Petrobras will release its 3Q:24 Production and Sales Report on 28 Oct. 2024 and its 3Q:24 Financial Performance Report on 7 Nov. 2024, both after the markets close. On 8 Nov. 2024, a webcast will be held to present the company’s results for the 3Q:24. […]
TotalEnergies Divests Fuel Distribution Activities in Brazil
(Energy Analytics Institute, 18.Oct.2024) — France’s TotalEnergies inked an agreement to divest its fuel distribution activities in Brazil to the Brazilian company SIM Distribuidora. The divestment involves a network of around 240 filling stations and several storage facilities for petroleum products and ethanol, TotalEnergies said 18 Oct. 2024 in an […]
CNOOC Inks 4 Contracts for Blocks Offshore Brazil
(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum (ANP) and the partners in the Pelotas Basin. The contracts were signed for S-M-1813 in the Santos Basin, P-M-1737/39/97 in the […]
FPSO Maria Quitéria Starts Operating in Campos Basin
(Petrobras, 15.Oct.2024) — The Maria QuitĂ©ria platform ship produced its first oil on 15 Oct. 2024 in the Jubarte field, pre-salt in the EspĂrito Santo portion of the Campos Basin. The unit can produce up to 100,000 barrels of oil a day and process up to 5 million cubic meters […]
Petrobras Inks 3 Concession Pelotas Basin Contracts
(Energy Analytics Institute, 9.Oct.2024) — Petrobras signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle. The concessions were acquired in partnership with Shell and CNOOC at the Dec. 2023 public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Petrobras announced 14 […]
Petrobras Sets New Refinery Production Records
(Petrobras, 7.Oct.2024) — Petrobras reports that the Total Utilization Factor (FUT) of its refineries reached 96.8% in Sep. 2024, representing the highest monthly result in 2024. As a result, the accumulated FUT for the third quarter of the year (3Q24) reached 95.2%. The third quarter of this year also registered […]