(Reuters) - Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. In a statement, the oil giant announced it will boost gasoline prices for distributors by 7% starting on Tuesday. Petrobras shares closed up more... Continue Reading →
MODEC’s FPSO Cidade de Campos dos Goytacazes MV29 completes six years of operational efficiency
(TN) In June 2024, the FPSO Cidade de Campos dos Goytacazes MV29 celebrated six years since it produced the first oil in the Tartaruga Verde and Tartaruga Mestiça Fields of the Campos Basin. The start of this operation represented a new moment for MODEC, due to its production capacity, weight (108.7 thousand tons) and size... Continue Reading →
3R and Petroreconcavo sign MOU to evaluate the sharing of the gas infrastructure in Rio Grande do Norte
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that has signed a Memorandum of Understanding (“MOU”) with PetroReconcavo S.A. (“Petroreconcavo”) to evaluate the sharing of the natural gas flow, compression, measurement and processing infrastructure owned by 3R in... Continue Reading →
CADE approval of the merger of Enauta shares into 3R Petroleum
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, May 17 and 22, 2024, and June 26, 2024, regarding the transaction involving the merger... Continue Reading →
Petrobras informs on the Addendum to the Cessation Commitment (TCC) for Gas signed with CADE
Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense ("CADE") and Petrobras signed, today, an addendum to the Terms of Cessation Commitment ("TCC") for Gas, signed on July 8, 2019. As announced by Petrobras, the addendum results from extensive debates between... Continue Reading →
Petrobras informs on the Addendum to the Cessation Commitment (TCC) for Refining signed with CADE
Petróleo Brasileiro S.A.- Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense (”CADE”) and Petrobras signed an addendum to the Terms of Cessation Commitment (”TCC”) for Refining, signed in 2019, through which new obligations were agreed involving the activities carried out... Continue Reading →
Transpetro carries out unprecedented oil transshipment operation at the Port of Itaqui (MA)
(TN) On June 29th and 30th, Transpetro carried out the first oil transfer operation between ships (Ship to Ship) at the Port of Itaqui, in Maranhão. The company was already transshipping diesel and gasoline at the São Luís Terminal. With the operation, the Port of Itaqui returns to handling oil after 40 years, which demonstrates... Continue Reading →
Petrobras informs about transfer of minority stake in UEG Araucária S.A. (UEGA)
Petrobras, following up on the release disclosed on February 23, 2024, in which it reported the signing of the contract for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA) to Ambar Energia S.A., announces today that it has closed the transaction. This transaction was carried out by Petrobras... Continue Reading →
Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)
(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).Regarding... Continue Reading →
Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender
(Zack's) Petrobras PBR, the state-controlled oil company in Brazil, has once again delayed the bid submission deadline for chartering a floating production, storage and offloading (FPSO) vessel aimed at revitalizing operations in the Barracuda-Caratinga field within the Campos Basin. This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding... Continue Reading →