Petrobras participates in a consortium with other companies that wins the rights to explore the Libra oil block in Brazil; highlights recent divestments and awards received by Petrobras; and provides financial results and production updates for Petrobras.
Le 03 Natural Gas (NG) Transportation and DistributionNsulangi Paul
This module describes means of transportation and distribution of natural gas from production area to the end user or consumers. The module analyzes various methods such as pipeline, liquefied natural gas (LNG), compressed natural gas (CNG), gas to liquid fuel (GtL), gas to wire (GtW) as well as gas to hydrate (GtH).
Le 05 Liquefied Natural Gas (LNG) BusinessNsulangi Paul
This module describes natural gas business globally. Gives details explanation on various activities connected to this liquid energy business as such LNG value chain, structures, factors to consider on capacity, number of facilities and expected global LNG business.
Le 02 natural gas exploration and productionNsulangi Paul
This presentation demonstrates activities concerning natural gas exploration and production. The contents point out activities associated with natural gas upstream such as searching and extracting natural gas either offshore or onshore fields.
Le 03 Natural Gas (NG) Transportation and DistributionNsulangi Paul
This module describes means of transportation and distribution of natural gas from production area to the end user or consumers. The module analyzes various methods such as pipeline, liquefied natural gas (LNG), compressed natural gas (CNG), gas to liquid fuel (GtL), gas to wire (GtW) as well as gas to hydrate (GtH).
Le 05 Liquefied Natural Gas (LNG) BusinessNsulangi Paul
This module describes natural gas business globally. Gives details explanation on various activities connected to this liquid energy business as such LNG value chain, structures, factors to consider on capacity, number of facilities and expected global LNG business.
Le 02 natural gas exploration and productionNsulangi Paul
This presentation demonstrates activities concerning natural gas exploration and production. The contents point out activities associated with natural gas upstream such as searching and extracting natural gas either offshore or onshore fields.
IMO 2020: Are you Ready?_TRANSPOREON Group_20190516Vivien Cheong
The Path Forward: Managing the Fuel Component of trans-Pacific 2019-2020 Contracting Cycle
Request a detailed explanation of how your carrier’s trade factors are calculated
Be able to validate the assumptions including ship size, speed and industrial utilization against industry benchmarks
Understand the timing for your carrier’s implementation of the new fuel formula. Will it go into effect in January 2020 or sooner?
Understand the impact for each carriers’ all-in-rate (ocean plus bunker) based on future changes in the fuel prices, both up and down.
Ensure contracts address failure to come to agreement on how future fuel surcharges will be dealt with as well as protection in place for space commitments and price from time of implementation until the end of contract.
Be prepared to offer your own fuel formula to carriers where there is a lack of clarify
Ensure your own formula is fair for both sides
Engage industry experts where needed to provide analytical support for validation and negotiations
Reward carriers that offer clarity and transparency with commitments for cargo
Impact IMO sulphur regulations on Rotterdam, Platts european bunker fuel conf...Ronald Backers
What would be certain and uncertain in the coming years concerning the decision of the IMO to start the new sulphur cap for bunker fuels in 2020? It's about production, storage and demand of fuel oil, blend components, LNG etcetera
CNG CONSUMPTION & EMISSION IN SATELITTE TOWN, RAWALPINDIKiyani1292
CNG is natural gas that has been compressed into a high-pressure container for transportation or storage. Since the 1960s, CNG has become a vehicle fuel alternative to oil-based gasoline and diesel fuel.
Multi-Site Optimization To Drive Value Creation In ChevronYokogawa1
The vision should be one of an asset, or portfolio of assets, that exists in the context of, and is synchronized with, its supply chains and surrounding business environment. The asset(s) together with its supply chain should continuously respond in unison to market signals, disturbances, and optimize holistically. Since the early 1980s Chevron has developed and continued to enhance its proprietary linear programming (LP) technology, Petro, to select the most profitable raw materials, evaluate product options, optimize refinery processes, and promote efficient capital investments across its global refining network. Key to this has been the use of Petro, with its highly efficient multi-location modeling methodology, to optimize raw materials and product supplies between refinery sites. This presentation will showcase how Chevron drives transformational value through multi-site optimization, and how development of associated people and business processes have accompanied evolution of the technology.
IMO 2020: Are you Ready?_TRANSPOREON Group_20190516Vivien Cheong
The Path Forward: Managing the Fuel Component of trans-Pacific 2019-2020 Contracting Cycle
Request a detailed explanation of how your carrier’s trade factors are calculated
Be able to validate the assumptions including ship size, speed and industrial utilization against industry benchmarks
Understand the timing for your carrier’s implementation of the new fuel formula. Will it go into effect in January 2020 or sooner?
Understand the impact for each carriers’ all-in-rate (ocean plus bunker) based on future changes in the fuel prices, both up and down.
Ensure contracts address failure to come to agreement on how future fuel surcharges will be dealt with as well as protection in place for space commitments and price from time of implementation until the end of contract.
Be prepared to offer your own fuel formula to carriers where there is a lack of clarify
Ensure your own formula is fair for both sides
Engage industry experts where needed to provide analytical support for validation and negotiations
Reward carriers that offer clarity and transparency with commitments for cargo
Impact IMO sulphur regulations on Rotterdam, Platts european bunker fuel conf...Ronald Backers
What would be certain and uncertain in the coming years concerning the decision of the IMO to start the new sulphur cap for bunker fuels in 2020? It's about production, storage and demand of fuel oil, blend components, LNG etcetera
CNG CONSUMPTION & EMISSION IN SATELITTE TOWN, RAWALPINDIKiyani1292
CNG is natural gas that has been compressed into a high-pressure container for transportation or storage. Since the 1960s, CNG has become a vehicle fuel alternative to oil-based gasoline and diesel fuel.
Multi-Site Optimization To Drive Value Creation In ChevronYokogawa1
The vision should be one of an asset, or portfolio of assets, that exists in the context of, and is synchronized with, its supply chains and surrounding business environment. The asset(s) together with its supply chain should continuously respond in unison to market signals, disturbances, and optimize holistically. Since the early 1980s Chevron has developed and continued to enhance its proprietary linear programming (LP) technology, Petro, to select the most profitable raw materials, evaluate product options, optimize refinery processes, and promote efficient capital investments across its global refining network. Key to this has been the use of Petro, with its highly efficient multi-location modeling methodology, to optimize raw materials and product supplies between refinery sites. This presentation will showcase how Chevron drives transformational value through multi-site optimization, and how development of associated people and business processes have accompanied evolution of the technology.
Edição 41 - Petrobras em Ações - Março 2014Petrobras
Edição 41 - Petrobras em Ações - Março 2014
- Planejamento Estratégico: horizonte 2030
- Plano de Negócios e Gestão 2014-2018
- Declaração de comercialidade em áreas de Cessão Onerosa
- Consórcio de Libra
- Captações no exterior
- Lucro líquido em 2013 foi de R$ 23,6 bilhões
- Produção de petróleo e gás natural deverá aumentar 7,5% em 2014
- Recorde no pré-sal: 412 mil barris/dia
- Cresce a produção em Cascade e Chinook
- Novo terminal de regaseificação na Bahia
- Petrobras de volta à F1 com a Willians Martini Racing
- O Cenpes completa 50 anos
- Gasolinas com ultrabaixo teor de enxofre são lançadas no Brasil
Edition 41 - Sharing in Petrobras - March/2014Petrobras
- Strategic Plan: horizon 2030
- 2014-2018 Business and Management Plan
- Declaration of commerciality in Transfer of Rights areas
- Libra Consortium
- Capital raising abroad
- 2013 net income was R$ 23.6 billion
- Oil and natural gas output expected to rise 7.5% in 2014
- Record in the pre-salt: 412,000 barrels/day
- Rising output at Cascade and Chinook
- New regasification terminal in Bahia
- Petrobras returns to F1 with Willians Martini Racing
- Cenpes turns 50
- Ultra-low sulfur gasoline launched in Brazil
Check out highlights of our operations and financial results.
Petrobras’ Fact Sheet is an annual publication that consolidates the information relative to the fiscal year. In it, you can find the Company’s Profile, Competitive Advantages, Consolidated Financial Results, Operating and Social and Environmental Responsibility Data. The document also features our International Operations, as well as Petrobras’ Business Plan and the Performance of our shares at Bovespa and New York (NYSE).
Catalyst Corporate Finance Brazil Oil and Gas 2013Emma Dowson
Recent major oil & gas discoveries in Brazil’s offshore deepwater fields will move the country into the top five producers globally by 2020. Exploration auctions in 2013 will boost M&A activity as international corporates across the supply chain position themselves to benefit from the associated investment.
Acquisition of CEPSA by IPIC is a perfect example of long term planning while acquiring a large company. Being just a 20 year old company IPIC took over a 90 year old company CEPSA which is because of its significant startegy.
Energy Policy in Latin America, Dr. Alejandro Diaz Bautista UCSD Presentation...Economist
"Energy policy in Latin America, the cases of Mexico and Brazil." Presentation by Alejandro Díaz-Bautista, Ph.D.
Professor of Economics and Researcher.
Prepared for Economic Policy in Latin America, Graduate School of International Relations & Pacific Studies. University of California, San Diego (UCSD), La Jolla, California, January 20, 2010.
Dr. Alejandro Díaz-Bautista received his Ph.D. in Economics from the University of California Irvine (UCI). He also earned his master's degree in economics at UCI. He was educated at ITAM in Mexico City where he earned his Bachelor’s degree in Economics. He has been professor of Economics and Researcher at COLEF. He held the position of head of the Master’s Program in Applied Economics and coordinated the working paper series in economics. Professor Díaz-Bautista has taught courses in the fields of industrial organization, macroeconomics, international economics, political economy, econometrics, public finance, economic growth, economy and territory and regional economics. Professor Díaz-Bautista has also been a research fellow and guest scholar at the Center for U.S.-Mexican Studies, University of California San Diego (UCSD).
He has also been teaching courses in international economics, economic policy in latin america, economic geography and economic development at the Universidad Iberoamericana del Noroeste, CISE and UCSD. Previously, he worked at the Energy Regulatory Commission and the Ministry of Energy. He has also worked as an energy economist and economic consultant for private firms. He has been a member of the Technical Committee for the Federal Electoral Institute and CONACYT. In 2009, he is also a member of the U.S.-Mexico Border Governors Council of Economic Advisers.
Email: adiazbau@hotmail.com
Ensure the survival of Petrobras is the first step to be taken to create the conditions to promote its future development avoiding thus its liquidation or the sale or privatization of the company. The survival strategy will enable Petrobras to strengthen economic and operationally to take advantage of opportunities for further expansion with the adoption of the development strategy that would include the diversification of the company with the market, production, financial and capabilities development. In other words, by reducing its size and the scope of its activities at the time with the survival strategy, Petrobras would strengthen to retake later, the ability to operate in the oil and gas sectors and to diversify working in other areas.
New base issue 1191 special 28 july 2018 energy newsKhaled Al Awadi
NewBase July 30, 2018 - Issue No. 1191 by Senior Editor Eng. Khaled Al Awadi , containing the lates t energy news for you and your tema, please share with all
O Relatório de Sustentabilidade 2017 reúne dados do período de 1º de janeiro a 31 de dezembro de 2017 e apresenta conteúdos detalhados sobre nossa atuação corporativa, resultados e contribuições para a sociedade, práticas trabalhistas, meio ambiente, entre outros.
FORWARD-LOOKING STATEMENTS:
DISCLAIMER
The presentation may contain forward-looking statements about future events within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, that are not based on historical facts and are not assurances of future results. Such forward-looking statements merely reflect the Company’s current views and estimates of future economic
circumstances, industry conditions, company performance and
financial results. Such terms as "anticipate", "believe", "expect",
"forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from
actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company’s most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements,
including, among other things, risks relating to general economic
and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and
gas reserves including recently discovered oil and gas reserves,
international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing.
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
1. SHARING
PETROBRAS
NEWS
November, 2013 • #40
www.petrobras.com.br/ir
Petrobras participates in the winning
consortium of the Libra auction
HIGHLIGHTS
—
Divestments
The main operations of Petrobras’ Divestments
Program (Prodesin), carried out in September
and October, were: the sale of the participation
in companies in Uruguay, for US$ 17 million to
Shell, and the sale of 100% of Petrobras Colombia shares to Perenco, for US$ 380 million,
Petrobras will continue to be present in Colombia through assets in exploration onshore and
offshore and in distribution.
T
he consortium formed by Petrobras (40%), the Dutch company Shell (20%),
the French company Total (20%), and the Chinese companies CNPC (10%) and
CNOOC (10%), won the 1st Pre-Salt Bidding Round, carried out on October 21 in
Rio de Janeiro by the National Agency of Oil, Natural Gas, and Biofuels (ANP).
The contract will be in the shared production mode, under a production sharing
framework, and establishes a signature bonus of R$ 15 billion to be paid in one
payment, with Petrobras’ participation being R$ 6 billion. In the proposal, the
consortium offered the Brazilian government 41.65% of the profit oil. The proposal
also foresees a minimum percentage of 37% of local content in the exploration
phase, 55% in the development stage for systems with first oil until 2021, and 59%
for those after 2021.
The Libra block is located in ultradeep water in the Santos Basin pre-salt layer,
with an area of 1,547.76 km², and was discovered in 2010. Petrobras believes in
the exploratory success of the block, based on the expertise already developed
and on the projects implemented in the region, which has currently reached a total
production above 330,000 barrels of oil per day.
For us, strategies in the bidding were successful and consolidate our commitment
to invest in exploratory areas in Brazil in order to renewal our portfolio, making
available volumes of oil and natural gas necessary to sustain the future production
curve. In addition, we believe that the integration of expertis and experiences of the
partners will bring important contributions to reach efficient results.
The Dow Jones
Sustainability Index
For the 8th consecutive year, Petrobras is
listed on the Dow Jones Sustainability World
Index, the most important global index of
sustainability, with the highest grade in the
criteria Transparency and Liberations in the
Environment.
2012 Technology Report
Awards
Petrobras has received the Technological
Innovation Award, granted by the National
Oil, Natural Gas, and Biofuels Agency, for
the development of the Water-Oil Subsea
Separation System. The system makes it
possible to separate water and oil at the
bottom of the sea.
We also received the 2013 Transparency Award
for “Open Capital Companies”, sponsored by
the National Association of Finance, Administration, and Accounting Executives (Anefac), in
partnership with other institutions.
In addition, the CEO Graça Foster was placed
first in the ranking of the magazine Fortune
2013, as the most powerful woman executive
outside the United States.
Francisco Stuckert/MME
The 2012 Technology Report is available
on our website (www.petrobras.com.br/ri),
in Portuguese and English. The document
provides Information about Petrobras’
activities and corporate strategies in Research
and Development.
Representatives of the Brazilian government and of the companies that make up the winning
consortium of the Libra auction
2. Petrobras’ net profit in the first nine
months of 2013 was R$ 17.3 billion
O
Performance shares (NYSE): PBR and PBR/A
(Index number = 100 in 09/30/2003)
1,600
1,200
800
214,92%
170,21%
63,12%
400
0
Sep-03
Sep-05
Sep-07
PBR
Sep-09
PBR/A
Sep-11
Sep-13
Dow Jones
Petrobras ADR’s return (NYSE)
Period
PBR
PBR/A
DJIA
Last 10 years
(09/30/03 to 09/30/13)
170.21%
214.92%
63.12%
Last year
(09/30/12 to 09/30/13)
-32.46%
-24.20%
12.60%
Operating Performance
In thousand barrels of oil equivalent per day
3Q 13
2Q 13
Variation
Total crude oil, NGLs and natural gas production
2,522
2,555
-1%
Total crude oil and NGLs - Brazil
1,924
1,931
–
Output of oil products
2,128
2,138
–
Net exports of crude oil and oil products
-425
-349
22%
Utilization of nominal capacity of refineries
in Brazil
96%
99%
-3%
Domestic crude oil of total feedstock processed
82%
79%
4%
Economic and Financial Figures
In US$ million
3Q 13
2Q 13
Variation
Sales revenues
33,955
35,569
-5%
Gross profit
7,248
9,038
-20%
Operating income*
2,401
5,366
-55%
Net income
1,484
2,996
-50%
Earnings per share
0.11
0.23
50%
Adjusted EBITDA
5,721
8,740
-35%
Market value**
102,753
90,965
13%
Capital expenditures
10,991
11,758
-7%
Net debt
86,542
79,563
9%
Net debt/Adjusted EBITDA
2.87
2.36
22%
Net debt/(net debt + shareholder's equity)
36%
34%
6%
* Net Income before financial results, share of profit of equity-accounted
investments and income taxes. ** Source: Bloomberg.
ur net profit from January to September
was 29% higher than that in 2012 as
a consequence of the increase in the
operational result and of the lower foreign
exchange impact in our financial result. The
3% higher operational result reflected the
earnings with the sale of assets and the lesser
decreases in scheduled stoppage wells, which
compensated the losses from the price gap.
The adjusted Ebitda in the period reached
R$ 47.4 billion, 14% higher than that of the
same period in 2012.
In the third quarter, our net profit was
R$ 3.4 billion, 45% lower than that of the previous
period, reflecting the lower operational profit,
partially compensated by the better financial
result. The operational result was 51% lower,
impacted by the increase in the import of oil
products and by the higher price gap of these
products, a consequence of the currency
depreciation together with the increase in the
international oil price.
The production of oil and natural gas totaled
an average of 2.5 million boe/day during the
nine-month period, 2% lower than that of the
same period in 2012, in consequence of the
natural decline of the fields, the greater number
of scheduled stoppages in 2013, and the sale of
assets abroad.
On the other hand, the production of oil
products totaled 2.1 million boe/day, 7% higher
than that in the same period in 2012, with
monthly records of processing in July and in
diesel and gasoline production in August. The
demand for diesel in the third quarter was
record.
In the quarter, we maintained the success
of the improvement in operational efficiency
through the Efficiency Improvement Program
(Proef)): an increase of 65,000 barrels/day. The
Divestments Program (Prodesin) evolved with
the announcement of operations in Brazil and
abroad, totaling US$ 4.8 billion in the year-todate, and the Operating Expenses Optimization
Program (Procop) had results above the
predicted amount, with the realization of
R$ 4.8 billion, 122% of the annual target.
The investments from January to September
totaled R$ 69.3 billion, with 55% in Exploration
and Production.
3. Platform P-55 will begin
operation in December
—
O
Plataform P-55
n October 6, platform P-55 (photo to the side) left the
Rio Grande Shipyard 1 (ERG-1), in Rio Grande do Sul, in
route to the Roncador field in the Campos Basin. It is one
of the units that will begin activities in 2013, contributing to the
sustained increase of oil production in the coming years.
With 52,000 tons, an area of 10,000 m², and a height of 43
meters, it is the largest semi-submersible platform built in Brazil and one of the largest in the world. It generated 5,000 direct
and 15,000 indirect jobs during the construction, with 79% of local
content.
The hull was prepared at the Atlântico Sul Shipyard in Pernambuco, from where it was taken to the ERG-1, where the deck installations were done. The operation which joined the deck and the
hull, called deckmating, was a challenge, considering the weight of
the structure (17,000 tons) and the height to which it was raised
(47.2 meters).
The platform has the capacity to produce 180,000 barrels of oil
and 4 million m³ of gas per day and will stay anchored at a depth
of 1,800 meters, connected to 17 wells. The unit will be operated
by a crew of 100 people.
A Safety and Maintenance
Unit in the Campos Basin
I
n August, we put into operation one more Safety and Maintenance
Unit (UMS) to prolong the useful life of the production platforms,
ensuring the integrity of their marine installations, the safety of
the work force, and the increase of operational efficiency.
The Carapebus City UMS will operate together with the Campos
Basin units for the next five years. It is equipped with a dynamic
positioning system and can be connected to any type of platform.
The total length of the vessel is 180 meters and it can house
533 professionals.
Conclusion of the third
well in Jupiter
T
he drilling of the well Bracuhy, located in block
BM-S-24 in the pre-salt region in the Santos Basin,
has been concluded. This is the third well drilled in the
area of Jupiter, which proved the existence of oil, gas,
e condensate, beginning at a depth of 5,322 meters.
Expansion of onshore
production in the Northeast
W
e are investing in the Northeast region, in two strategic projects, to increase the production of oil and to ensure the flow
of oil produced in the onshore fields in Rio Grande do Norte state.
One of the projects is for the expansion of the system of water
injection in the Canto do Amaro field in Mossoró (RN) - one of the
largest in the country. The other project will facilitate the flow of
the production, interconnecting this field to a processing unit in
Guamaré through an oil pipeline 100 km long. This operation is
scheduled to begin in August 2014.
4. SPECIAL
Petrobras
commemorates
60 years
—
P
etrobras completed 60 years of existence on October 3.
In a rhythm of growth, our target is to double the current
oil production by 2020, reaching 4.2 million barrels of oil/
day. New platforms will start operating and others are under
construction, in addition to new refineries. When it was created
in 1953, the company produced 2,700 barrels of oil/day, had 170
million barrels of oil in reserves, and one refinery. Today, in Brazil,
2 million barrels of oil are produced daily, and there are 15.7 billion
barrels of oil equivalent in proven reserves and 12 refineries.
“People are what inspire us” was the theme of the advertising
campaign launched to commemorate the 60 years. The objective
was to inspire the public, which is also our source of inspiration.
The campaign had ads on TV and radios, and in newspapers and
magazines, which showed recent achievements and the goals
for the coming years. Virtual environments were also created (on
Facebook and Instagram), which showed contents that could be
shared, such as photos and texts. In the month of our anniversary,
our Facebook page surpassed the mark of one million fans.
In addition, the Neptune Mission was launched, which took the
Brazilian flag and a capsule with messages from Brazilians in a
submarine to the pre-salt region, located at a depth of more than
2,000 meters and 300 kilometers from the coast. More than 55,000
people sent messages. Ten years from now, these messages will
be retrieved.
The Brazilian National Congress also paid tribute, in a formal
session. The presidents of the Senate and the Chamber of
Deputies, Petrobras’ CEO, ministers of state, and other authorities
participated. The speeches stressed the trajectory of the
company and its contribution to the country’s development. A
commemorative stamp was also launched, in partnership with the
Post Office.
#meinspira
Images of the pieces of the advertising campaign for the 60 years and of
the commemorative postal stamp
Formal session at the National Congress
Newsletter published by Petrobras’ Executive Management of Investor Relations • Executive manager: Theodore Helms • Journalist: Orlando Gonçalves Jr. MTb-MA 993 • Collaboration:
Izabel Ramos, Fernanda Bianchini, Daniela Ultra, José Roberto Darbilly and Luan Barbosa (trainee) • Graphic project and desktop publishing: Estúdio Matiz.
Shareholder Service:
Av. República do Chile, 65/Sala 1002 – Centro • Rio de Janeiro – RJ – Brazil • Zip Code: 20031-912
Telephone: +55 21 3224-9916 • Fax: +55 21 2262-3678 • E-mail: acionistas@petrobras.com.br • Site: www.petrobras.com.br/ri