Petrobras | Egypt Oil & Gas - Part 4
Petrobras to Sell RLAM Refinery to UEA’s Mubadala for $1.65 B
Petrobras announced that it will sell its Landulpho Alves Refinery (RLAM) to the United Arab Emirates (UAE)’s Mubadala Capital Company as it presented the best offer in an amount of $1.65 billion, according to a press...
Petrobras Completes its Exit from the Frade Field
Petrobras company announced that it has completed its 30% stake sale from the Frade field, located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remaining 70% shar... Petrobras to Sell Remaining Stake in BR Distribuidora for BRL 26 Per Share
The Brazilian State- controlled Oil Producer Petrobras agreed to sell it remaining shares in BR Distribuidora if its stock recovers to BRL 26 per share, three informed people told Reuters. The company agreed to sell i...
Petrobras Expects Higher 2020 Output Than Previously Predicted
Brazil’s state-run oil company, Petrobras, has announced that production in 2020 should surpass previously disclosed estimates as production is ramped up at offshore oilfields, according to Reuters. The company expect... Petrobras to Spend $6 B Decommissioning 18 Offshore Platforms
Brazil’s state-run oil producer, Petrobras, has plans to spend $6 billion by 2024 to decommission 18 offshore platforms, according to Reuters. The decommissioning process will include dismantling underwater gas pipeli...
Total Exits the Foz Do Amazonas Basin in Brazil
French oil and gas major, Total, has announced its agreement to transfer the company’s equity in five exploration blocks to Brazil’s state-run Petrobras, according to a press release. The exploration blocks, located i...
Total Resigns as Operator for 5 Exploration Blocks in Brazil
France’s oil major, Total, notified its partners on August 19 that the company will resign from its role of operator for five exploration blocks offshore Brazil, according to a press release. The five exploration bloc... Petrobras to Sell 26 Onshore Oil Fields, Refinery
Brazil’s state-run Petrobras has put up for sale 26 onshore and shallow-water oil fields along with a small refinery, Clara Camarao, in the northeast of Brazil, according to Reuters. The announcement of this sale is i... 
