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While Petrobras Focuses on Pre-Salt, Competitors Diversify Their Businesses

Written by Paulo Nogueira

Published on 11/03/2019 at 16:09

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Petrobras Races Against Time to Produce Everything That Brazilian Pre-Salt Can Offer Before Inevitable Energy Transition, but Experts Are Concerned

As other global oil giants shift and even transition to a differentiated market in the energy sector, such as in the petrochemical field and clean/renewable energies, Petrobras maintains its scope and focus on only one segment of services, becoming increasingly less flexible compared to major operators.

It’s no surprise that Petrobras is betting everything on pre-salt, focusing on oil and gas productivity, with an intense divestment project to reduce its deficits and increase the state-owned company’s cash flow.

Valor consulted some analysts experienced in this type of market, many of whom have divided opinions on whether this strategy is really a good business for Petrobras, as fuel consumption is inevitably decreasing in the long term and while other companies have shown interest in different types of activities, the Brazilian state-owned company remains static.

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Paulo Nogueira

The president of Petrobras, Roberto Castello Branco, has already expressed interest in selling Liquigás, Braskem, and reducing its stake in the refining market of BR Distribuidora in about two months.

According to Adriano Pires, director of Brazilian Center for Infrastructure (CBIE), since the state-owned company is the largest explorer in pre-salt fields in the world, any other applications and investments coming from its cash do not make much sense at this moment because they will not yield the expected financial return.

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

While Petrobras Focuses on Pre-Salt, Competitors Diversify Their Businesses

Petrobras Races Against Time to Produce Everything That Brazilian Pre-Salt Can Offer Before Inevitable Energy Transition, but Experts Are Concerned

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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While Petrobras Focuses on Pre-Salt, Competitors Diversify Their Businesses

Petrobras Races Against Time to Produce Everything That Brazilian Pre-Salt Can Offer Before Inevitable Energy Transition, but Experts Are Concerned

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

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