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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is likely to already base its second-quarter dividends on a new policy being prepared by a working group, Chief Financial Officer Sergio Caetano Leite said on Wednesday. Leite told reporters that studies for the new policy should be completed by the end of this month, with the proposal then... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA) will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel, the company's top executive told Reuters on Monday. The comments from CEO Jean Paul Prates follow June data showing that Brazil's foreign diesel purchases rose sharply in... Continue Reading →
(Reuters) - Brazil's state-run oil company, Petrobras (PETR4.SA), will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday. Petrobras is preparing to preview updates to its business plan next month, he said, including a greater focus on... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the ODP5 (“F23P3”) well, in the Frade Field (“Field” or “Frade”), with stabilized initial production of approximately 8,000 barrels of oil per day. Thus, PRIO has exceeded the milestone of 100,000 barrels per day... Continue Reading →
(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →
(Reuters) - Chinese oil refineries, led by heavyweight Sinopec (600028.SS), are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, industry sources said. China, the world's top crude importer, has booked nearly 1 million barrels per day of Brazilian crude... Continue Reading →
Norwegian offshore support vessel operator Havila Shipping has secured a bareboat charter extension for its Havila Harmony vessel. Brazil's offshore service firm OceanPact has declared the option for one-year extension of the bareboat agreement on the Havila Harmony, currently sailing under the name Parcel Dos Meros. The agreement will keeps the vessel on contract until... Continue Reading →
Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company. Enauta normally produces oil from the Atlanta field offshore Brazil using the early production... Continue Reading →
(epbr) J&F Investimentos, the Batista family holding company, presented a proposal to Novonor for Braskem, the petrochemical company confirmed. The value of the offer, of R$ 10 billion, includes the acquisition of all credits held by Novonor's financial creditors – whose debt with financial institutions is guaranteed by its shares in Braskem. In a note... Continue Reading →
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ("Petrobras") in Brazil. "Weatherford has performed Intervention Services in Brazil for more than 20 years in close cooperation with Petrobras to develop a comprehensive offering to address subsea intervention and commissioning," the company said. Weatherford said it... Continue Reading →
