Petrobras on Braskem

Petróleo Brasileiro S.A. – Petrobras informs that it has received a letter from Apollo Management X, L.P. ("Apollo") and ADNOC International Limited ("ADNOC") with information about the non-binding proposal for the acquisition of Novonor S.A.'s interest in Braskem. The information was forwarded to Petrobras due to the fact that the Company is Braskem's second largest... Continue Reading →

Lula’s coalition roiled by decision to block Petrobras’ Amazon project

(Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near... Continue Reading →

Karoon Brazilian FPSO restarts following extended maintenance

(OET) Australia’s oil and gas company Karoon Energy has restarted production from assets connected to a floating, production, storage, and offloading (FPSO) vessel offshore Brazil, following maintenance work. Karoon shut-in Baúna production, including from the Patola field, on 28 March due to a loss of containment incident associated with the high-pressure flare on the FPSO Cidade de Itajaí. After the FPSO operator,... Continue Reading →

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