Such operations had been postponed by Petrobras due to shipping restrictions because of the coronavirus
For September, Petrobras is confident in resuming the already scheduled shutdowns of its platforms. The state company also intends to resume other activities, such as interconnections of new wells and commissioning of new units. Such operations were delayed by the Covid-19 pandemic during the second quarter of this year.
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The company also stated that, despite the restrictions imposed on its operations due to the new coronavirus, it will keep its production target for this year of 2.7 million barrels of oil per day, with a variation of 2.5%.
Petrobras’ production in the second quarter of this year was affected by the Covid-19 pandemic and a decline in demand, totaling 2.8 million barrels of oil equivalent per day, a decrease of 3.7% compared to the first quarter.
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Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.
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The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.
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IMF issues global warning: war could push the world into recession and oil prices could soar above $110.
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Oil returns to the center of global strategy with Repsol’s resurgence in Venezuela.
Petrobras qualifies four companies in the dispute for chartering rigs for the Mero field in the Santos Basin
Petrobras’ bidding for the chartering of rigs for the Mero field progresses to the second phase, with four companies remaining in the competition.
Petrobras announced the qualification of four companies for the second phase of the bidding for rigs for the Mero field in the pre-salt of the Santos Basin. They are: Constellation, Ocyan, Seadrill, and Vallaris, which submitted the best proposals in Phase I.

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