Wilson Sons, a leading Brazilian port and maritime logistics company based in Brazil, posted net revenue of R$ 570 million in the first quarter of 2023 (1Q23), 7.8% higher than the same period in 2022 (R$529 million). EBITDA (earnings before interest, taxes, depreciation and amortization) totalled R$239.5 million, in line with the first quarter of... Continue Reading →
Petrobras on Bahia Terra production
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, and 05/05/2023, informs that it has obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production from four more facilities in the Bahia Terra Cluster (Água de Taquipe Treatment and Injection Station, Fazenda... Continue Reading →
Petrobras Financial Performance in 1Q23 – Message from CEO
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
Petrobras on remuneration to shareholders
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 1.893577 per outstanding common and preferred share, as anticipation for 2023, declared based on the balance sheet of March 31, 2023. Additionally, the BoD determined that the... Continue Reading →
EXCLUSIVE: Oaktree enters the dispute for Ocyan, Novonor’s oil and gas arm
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
TechnipFMC Wins Major Equinor Contract for SURF System for BM-C-33 Offshore Brazil
Oilfield services firm TechnipFMC has won a contract to supply subsea umbilicals, risers, and flowlines (SURF) for the recently sanctioned $9 billion BM-C-33 offshore development in Brazil. The contract was awarded by Equinor, the operator of the offshore block, on behalf of its partners Repsol Sinopec Brasil and Petrobras. Located in the Campos Basin, BM-C-33... Continue Reading →
Vestas swings to unexpected first-quarter profit
(Reuters) - Danish wind turbine maker Vestas (VWS.CO) on Wednesday reported an unexpected first-quarter profit and maintained its full-year guidance despite a tough backdrop for the industry. Despite booming demand for renewable energy, increased competition and soaring metal prices meant that Vestas did not manage to turn a profit last year. "The wind industry remains challenged by... Continue Reading →
MODEC to Deliver Highly Complex FPSO for Equinor’s $9B Project Offshore Brazil
(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →
3R Petroleum preliminary unaudited production data for April 2023.
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for April 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →
Petrobras on sale of Braskem news in the media
Petróleo Brasileiro S.A. - Petrobras, in clarification to the pieces of news released by the media, informs that it is not conducting any sales transaction structuring in the private market and that it does not take part in the negotiations mentioned in the articles published in the media. Additionally, is not true the information that... Continue Reading →