Petrobras Reports Increase in Asset Sales in 2019

Written by Flavia Marinho

Published on 08/04/2019 at 01:00

plataforma de perfuração de petroleo

Be the first to react!

According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

Under the management of Roberto Castello Branco, Petrobras has already generated a total of US$ 9.25 billion in divestments this year, with the sale of 90% of “TAG” Associated Gas Transporter, with the agreement finalized with Engie. Not to mention that the company, in the 2019 fiscal year, already has US$ 1.85 billion in still uncompleted deals. The years 2017 and 2018 added up to around US$ 8.5 billion, and the deals announced by the divestment program this year have already surpassed these amounts.

The state-owned company has already announced that in 2019, it will sell the Pasadena refinery to Chevron and the Maromba field in the Campos Basin to BW Offshore, in addition to the US$ 8.6 billion in the TAG deal.

ARTICLE CONTINUES BELOW

See also

The expectation is that under Castello Branco’s management, the divestment policy will be intensified, as he has already taken over management with all the ongoing deals from the previous administration of Pedro Parente.

The Petrobras executive has already indicated that they could reach between US$ 30 billion and US$ 40 billion in less than 12 months.

The numbers provide a sense of what to expect from the “more aggressive” divestment program that Castello Branco has been promoting.

Furthermore, it has been announced by the president the desire to exit Braskem and the number of refineries to be sold; therefore, the company is evaluating a possible secondary offering of shares from BR Distribuidora.

Petrobras Reports Increase in Asset Sales in 2019

According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

Few know, but India has a 36 km wall that surrounds a fort in the mountains and is considered the second largest in the world, behind the Great Wall of China.

Hyundai Creta 2029 appears in new spy shots with a completely revamped design, a more modern digital interior, a larger multimedia center, a more comfortable passenger seat, and electrification finally on the radar.

Former CIA analyst warns that China has already surpassed the US in missiles, electronic warfare, cyber, and military production, transforming the Pacific into a zone without safe spaces while Washington clings to its submarine advantage.

Home-built airplane by a Minas Gerais engineer uses car parts, such as a power window motor for the flaps and a tachometer on the dashboard. The project took six years, and the aircraft has autonomy to fly up to seven hours non-stop.

Petrobras Reports Increase in Asset Sales in 2019

According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

The government is studying a new phase of Desenrola Brasil to benefit those who pay their bills on time.

Government launches panel to monitor pesticides in rivers and expand environmental control over water resources in Brazil

A man builds a homemade raft with twelve 50-liter containers, spends R$ 260, and creates a fishing platform that supports four people on a calm lagoon without needing to buy a traditional boat for weekend leisure, with a simple structure.

Chile blocks billion-dollar mining megaproject near Humboldt penguin colony, halts iron and copper mine and turns endangered birds into an environmental symbol

Cocoa and chocolate products are now subject to a tougher national rule, and off-standard products will have to change their name, label, and presentation to consumers.

Few know, but India has a 36 km wall that surrounds a fort in the mountains and is considered the second largest in the world, behind the Great Wall of China.

Hyundai Creta 2029 appears in new spy shots with a completely revamped design, a more modern digital interior, a larger multimedia center, a more comfortable passenger seat, and electrification finally on the radar.

Former CIA analyst warns that China has already surpassed the US in missiles, electronic warfare, cyber, and military production, transforming the Pacific into a zone without safe spaces while Washington clings to its submarine advantage.

Home-built airplane by a Minas Gerais engineer uses car parts, such as a power window motor for the flaps and a tachometer on the dashboard. The project took six years, and the aircraft has autonomy to fly up to seven hours non-stop.