Petrobras to spend $6 bn through 2024 to decommission assets
The assets include 18 offshore platforms, underwater gas pipelines and offshore wells...
Tag : Petrobras
Petrobras initiates sale deal for 26 onshore oil fields and refinery
The state-owned company has signed a deal with SPE Rio Ventura for the sale...
Petrobras sets record by exporting 1 mn bpd of oil in April
Since Brazil isn’t part of the OPEC+, it has not pledged to cut supply to stabilize the market...
Petrobras discovers oil in the Campos basin offshore Brazil
The oil giant will conduct a thorough study of the well to better target exploratory activities in the area...
As global oil prices fall, Petrobras’ shares plunge
A possible price war could hinder Petrobras’ plan to sell around $30 bn of assets by 2024...
Petrobras and Chevron to sell 100% stake in the Papa-Terra oilfield
Petrobras owns 62.5% of the oilfield and Chevron holds the remain 37.5%...
Petrobras hires 7 banks to sell stakes in fuel distribution unit
Morgan Stanley, JPMorgan Chase and Goldman Sachs are among the banks hired for the stake sale in Petrobras Distribuidora...
Petrobras finally makes an exit from the African continent
Petrobras’ share of production from its Nigerian assets in 2019 was around 34,000 barrels per day...
Petrobras’ equity value to increase by 45% by 2021
The Brazilian oil giant is planning to cut costs and divest its non-core assets...
Petrobras to become world’s largest oil producer by 2030
Currently, Petrobras is the third largest oil producer in the world with an output of 2.2 mn bpd...