Petrobras Closes Overseas Offices to Reduce Expenses

Written by Flavia Marinho

Published on 23/12/2020 at 13:35

Updated on 23/12/2020 at 13:50

A atividade comercial da Petrobras será concentrada em três cidades após fechamento de escritório em Londres para enxugar os custos

Be the first to react!

Petrobras’ Commercial Activity Will Be Concentrated in Three Cities After Closing Office in London to Cut Costs

Petrobras reported in a relevant fact, on the morning of this day (12/23), that next year it will streamline its international presence, considering the three main oil markets in the world – Europe, North America, and Asia. Petrobras Wants More Women Leading and Launches Gender Equity Strategic Plan

Read Also

To reduce expenses, Petrobras announced that it will concentrate its international commercial operations in the offices in Rotterdam, Netherlands, in Houston, United States, and in Singapore.

Thus, Petrobras’ commercial activities in London, England, will be transferred to Rotterdam. The change will begin in the next quarter and is expected to be completed in the second half of 2021.

ARTICLE CONTINUES BELOW

See also

“The initiative aligns with the actions to reduce corporate expenses under the resilience plan”, says the state-owned company. With this measure, the savings from the deactivation of external offices since 2019 will reach US$ 13.5 million per year in 2021.

Of the 18 external offices that Petrobras had at the end of 2018, ten have already been closed, in addition to London. This group includes representations in China, Mexico, Iran, Turkey, and the United States (New York). Due to the divestments in operations already carried out, Petrobras also deactivated offices in Japan, Paraguay, Nigeria, Tanzania, and Libya.

The company still maintains offices in Bolivia, Argentina, Colombia, and Uruguay. In these last three countries, divestment processes are underway, and the trend is that, once concluded, the respective offices will also be deactivated.

Petrobras Offices in Brazil

The concentration of activities and the reduction of office expenses have also been a reality here in Brazil. The 23 administrative buildings that Petrobras occupied in the country two years ago are expected to be reduced to eight in the first quarter of 2021, which implies a cost reduction of up to US$ 30 million next year.

Petrobras Closes Overseas Offices to Reduce Expenses

Petrobras’ Commercial Activity Will Be Concentrated in Three Cities After Closing Office in London to Cut Costs

Read Also

Petrobras Offices in Brazil

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Japanese garbage collectors treat filthy trucks as if they were dealership cars, and the obsession with cleanliness is so absurd that they invented a washing machine that only exists for this type of vehicle.

Seen from high in the stratosphere, a Lego Star Devourers rose to 34,988 meters attached to a balloon, returned to Earth intact, and entered the Guinness World Records in a record that seems like science fiction.

In 1991, Brazil’s GDP was almost double India’s, and today it is little more than half: while India grew 6.5% per year and trained engineers, Brazil preferred to train lawyers, and now it is rushing to strengthen ties with the world’s fourth-largest economy.

India built a 21.8-kilometer sea bridge to connect Mumbai to Navi Mumbai, and a journey of up to 120 minutes fell to about 20.

South America’s most famous oasis has an emerald lagoon formed by underground waters in the Peruvian desert. It is located 300 km from Lima, is surrounded by giant dunes, and holds a mysterious mermaid legend.

Iranian currency plummets to a historic low, reaching 1.8 million per dollar and exposing economic pressure amid the war.

BR-447 is almost ready in Espírito Santo, and the R$ 236 million highway will finally remove trucks from among cars and create a direct corridor to the port that the state never had.

The UN stated this Thursday (30): war in Iran triggers a worldwide boom in clean energy despite resistance from some countries.

Up to 200 mm of rain could fall in less than two days in Rio Grande do Sul with the formation of a cold front that brings a real risk of flash floods and widespread flooding this long holiday weekend.

Volvo FH 540 leads heavy truck sales in Brazil for the seventh consecutive time and reinforces absolute dominance with advanced technology and high profitability.

Petrobras Closes Overseas Offices to Reduce Expenses

Petrobras’ Commercial Activity Will Be Concentrated in Three Cities After Closing Office in London to Cut Costs

Read Also

Petrobras Offices in Brazil

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Japanese garbage collectors treat filthy trucks as if they were dealership cars, and the obsession with cleanliness is so absurd that they invented a washing machine that only exists for this type of vehicle.

Seen from high in the stratosphere, a Lego Star Devourers rose to 34,988 meters attached to a balloon, returned to Earth intact, and entered the Guinness World Records in a record that seems like science fiction.

In 1991, Brazil’s GDP was almost double India’s, and today it is little more than half: while India grew 6.5% per year and trained engineers, Brazil preferred to train lawyers, and now it is rushing to strengthen ties with the world’s fourth-largest economy.

India built a 21.8-kilometer sea bridge to connect Mumbai to Navi Mumbai, and a journey of up to 120 minutes fell to about 20.

South America’s most famous oasis has an emerald lagoon formed by underground waters in the Peruvian desert. It is located 300 km from Lima, is surrounded by giant dunes, and holds a mysterious mermaid legend.

With the Strait of Hormuz blocked by the Israel-Iran war for 60 days, Brent surpassed US$111 and marks its seventh consecutive rise — and Trump says that Iran asked to open the oil route.

While OPEC curbs production, three South Atlantic countries will account for half of the world’s oil growth in 2026 — Brazil leads, but Guyana is the biggest surprise

From a US$ 7 billion deficit in 2013 to a record US$ 7.8 billion surplus in 2025: Vaca Muerta has become Milei’s economic lung in Argentina

On May 1st, OPEC loses 113 billion barrels and 59 years of alliance: how the UAE’s exit can change the price of oil worldwide

In just five days, Europe began to lose 30% of Russian gas — and Nigeria entered the game that could change the planet’s energy balance.

Iranian currency plummets to a historic low, reaching 1.8 million per dollar and exposing economic pressure amid the war.

BR-447 is almost ready in Espírito Santo, and the R$ 236 million highway will finally remove trucks from among cars and create a direct corridor to the port that the state never had.

The UN stated this Thursday (30): war in Iran triggers a worldwide boom in clean energy despite resistance from some countries.

Up to 200 mm of rain could fall in less than two days in Rio Grande do Sul with the formation of a cold front that brings a real risk of flash floods and widespread flooding this long holiday weekend.

Volvo FH 540 leads heavy truck sales in Brazil for the seventh consecutive time and reinforces absolute dominance with advanced technology and high profitability.