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(TN) The pre-salt completes 15 years of production in September with renewed vigor – and a perspective of expressive growth in the coming years. To get an idea, Petrobras plans to install 11 new platforms to produce in that layer by 2027. Since December 2022, the company has already put into production two new pre-salt... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA) remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks, two sources told Reuters. Petrobras on Monday announced a memorandum of understanding with Mubadala for potential investment in a biofuel refinery under development in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a Multi-strategy Equity Investment Fund of the Mubadala Capital Group, to develop studies covering future business in the downstream segment, with emphasis on evaluating Petrobras' participation in a biorefining project. The Mubadala Capital Group... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage of signature of the... Continue Reading →
(TN) Petrobras started installing LiDAR (Light Detection and Ranging) measurement devices on six platforms located in shallow waters off the coast of the states of Rio Grande do Norte, Ceará and Espírito Santo. The equipment integrates new wind measurement campaigns, which will be carried out over three years. The collected data will allow the elaboration... Continue Reading →
(Reuters) - Petrobras (PETR4.SA) plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro. Prates said Petrobras aims to open the Chinese subsidiary next year, after getting formal approval. He said the move... Continue Reading →
(RE) Brazil has the potential to produce up to 1.8 billion tonnes of hydrogen a year at some of the lowest costs in the world, officials in Brasilia have said, with nearly 20% coming from projects supplied with power from offshore wind. For the time being, however, there are no offshore wind projects in development... Continue Reading →
(Reuters) - Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official and a document seen by Reuters. President Luiz Inacio Lula da Silva's government has vowed to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that a mission was carried out to China, during which Petrobras CEO Jean Paul Prates met with CEOs of Chinese companies and signed cooperation agreements in the energy sector, as specified below: MoU with China National Offshore Oil Corporation - CNOOC, in order to extend collaboration and explore the... Continue Reading →
Brazil Energy Insight 