Browsing Tag

Petrobras

Oil & Gas

Itapu FPSO Postponed for Three Months

Claudia Siqueira Apr 3, 2020

The date for the auction to charter the unit for the transfer of rights area is revised for the third time

Oil & Gas

Petrobras To Test Subsea Separation in Jupiter

analuisaegues Apr 2, 2020

The Petrobras patented technology will be used in a formation test in a coated well in the Santos Basin pre-salt

Natural Gas

Compagas Renews Supply Contract with Petrobras

Carlos Vasconcellos Apr 2, 2020

Paraná distributor signs agreement to supply 900,000 m3d by the end of 2021, and 350,000 m3/d between 2022 and 2023

Oil & Gas

Libra Deadline Extended

analuisaegues Apr 2, 2020

Petrobras, partners will have until 2025 to conclude discovery assessment activities

Oil & Gas

CORONAVIRUS: Petrobras Triggers Contract Renegotiations

Claudia Siqueira Apr 1, 2020

The company sent a letter to major suppliers warning of the need to discuss investment and production cuts due to the pandemic crisis

Oil & Gas

OIL PRICE DECLINE: Services Sector “Bloodbath” Predicted

Lais Carregosa Apr 1, 2020

Former president of IBP expects strong impact of the adjustments by oil companies to combat the crisis

Oil & Gas

Petrobras Progresses Sale of NTS

Dário Silveira Apr 1, 2020

Company launched an opportunity regarding its remaining stake in the gas carrier

Oil & Gas

Total Reviews Campaign in Brazil

Claudia Siqueira Apr 1, 2020

The French oil company will study new projects in the Lapa field in the Santos Basin pre-salt

Oil & Gas

Petrobras Consultation for Special Vessel

Claudia Siqueira Mar 31, 2020

The publication of an RFI by SESV one day after announcement of restrictive measures surprised the market

Oil & Gas

CORONAVIRUS: Dieese Encourages Cut in Production

Lais Carregosa Mar 31, 2020

A study highlights the difficulty in containing the pandemic offshore due to worker conditions

Oil & Gas

P-70 Operation Still Depends On ANP Approval

analuisaegues Mar 31, 2020

Petrobras needs to prove compliance with safety issues identified by the regulatory agency

Oil & Gas

BEHIND THE NEWS: Onshore Calls for Help in the Midst of Crisis

Gabriela Medeiros Mar 30, 2020

Class entities want differential treatment of government to overcome difficulties

Older Posts

From the Media

Apr 03, 2020 - Argus

A pause in Brazilian diesel import negotiations is likely to extend into April as domestic demand wanes and the market braces for a wave of shipments contracted before coronavirus-related movement restrictions were put in place. Brazil's state governments adopted more restrictive social isolation measures in mid-March, a move that signaled caution for the refined products sector. Many fuel distributors halted imports as they monitor the degree to which the outbreak will sap domestic diesel and gasoline demand. As of 1 April, 23 ships were scheduled to deliver around 1.1bn l of diesel by the end of the month, slightly higher than the 1bn l mark forecasted for March delivery, according to oil analytics firm Vortexa. There are currently no additional Brazil-bound import vessels scheduled for departure in April and May.

Apr 03, 2020 - BNamericas

Latin America’s energy sector is in the middle of a tectonic shift with wide-ranging potential consequences for the region’s economies. This was the key takeaway from an online conference organized by the Inter-American Dialogue. Experts discussed the perfect storm of health crisis and low oil prices, and possible effects on some the most exposed economies. Brazil, Colombia and especially Venezuela, for example, depend on oil revenue but calculated with prices way above current levels of US$20-30/b. The drop is a consequence of a rift between OPEC+’s two biggest producers, Russia and Saudi Arabia, pushing prices below the break-even point of promising basins such as Brazil’s pre-salt and Argentina’s Vaca Muerta, Inter-American Dialogue program director Lisa Viscidi said.

Apr 03, 2020 - Reuters

Brazil's manufacturing sector shrank in March at the fastest pace in more than three years, according to a survey of purchasing managers' activity on Wednesday, as the hit to activity from the coronavirus outbreak began to be felt. The IHS Markit Brazil manufacturing purchasing managers index (PMI) came in at 48.4, down from 52.3 the month before and signaling the first contraction in activity since last July.A reading above 50.0 marks expansion in the sector, while a reading below signifies contraction.

Apr 03, 2020 - Agencia Brasil

Brazilian President Jair Bolsonaro announced this week that the aid to workers and businesses as well as states and municipalities to tackle the new coronavirus crisis adds up to roughly 2.6 percent of the country’s gross domestic product. The president was joined by Economy Minister Paulo Guedes, who stated this aid will cost US$ 18.7 billion to public coffers and should benefit 54 million Brazilians. Other measures, the minister went on to mention, are aimed at helping businesses preserve employment.