Petrobras, Brazilian State Oil and Gas Company, Paid Off a Debt with Banco Santander Worth US $ 1 Billion, Due by 2023

Petrobras announced on Wednesday that, simultaneously, it signed a new line of credit with the same institution worth US $ 750 million, maturing in October 2028 and with more competitive financial costs. “These transactions are in line with the company’s liability management strategy, which aims to improve the amortization profile and debt cost, considering the deleveraging target established in the 2018-2022 Business and Management Plan,” said Petrobras.

Also this week, a consortium led by Vitol agreed to acquire an offshore field from Petrobras in Nigeria for US $ 1.407 billion. The consortium purchasing the stake consists of Vitol, Africa Oil, and Delonex.

Under the agreement, the consortium will buy a 50% stake in Petrobras Oil and Gas B.V., a company that holds a stake in Nigeria’s offshore oil fields. BTG Pactual E & P B.V. will continue to hold the remaining 50% of POGBV.

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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

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

Petrobras Director Says That the Worst Phase for the State-Owned Company Is Over

Solange Guedes, head of the exploration and production department at Petrobras, was very emphatic in saying that “the worst is over.” As already stated in its business plan, an additional 13 platforms will be allocated to the newly discovered pre-salt assets that will come into operation in the coming years. The ability to design and build wells over these years has been crucial to ensure the high productivity it has now, and over time, this factor has only been decreasing. What used to take 300 days to build a well now takes about 100. Learn more about this phase here.

Petrobras Settles $1 Billion Debt and Secures New Financing

Petrobras, Brazilian State Oil and Gas Company, Paid Off a Debt with Banco Santander Worth US $ 1 Billion, Due by 2023

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

Petrobras Director Says That the Worst Phase for the State-Owned Company Is Over

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

New technology with lights is being tested in the most dangerous stretch of Serra do Mar in Paraná to alert drivers, reduce delayed reactions, and try to curb the rise in deaths on the highway.

Rio Grande do Sul accelerates energy transition: State invests in renewable technologies and consolidates decarbonization strategies and pathways to attract billions in new industrial investments.

In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.

Future profession with immediate earnings: Specialist reveals how a solar energy technician earns R$ 8,000 per month by taking advantage of the explosion in demand across the entire country.

The Perseverance rover’s radar reveals a river buried 35 meters beneath Mars, pushing the presence of liquid water back to 4.2 billion years and increasing the chances of signs of life on the planet.