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(OP) Five international oil companies active in Brazil have petitioned a federal court to suspend the 9.2% tax on crude oil exports that new president Ignacio Lula da Silva introduced soon after he came into office, angering the industry. According to the government, the new tax will serve to attract more investments in the country... Continue Reading →
Wilson Sons, the leader in port and maritime logistics in Brazil, posted a net profit of R$113 million in the fourth quarter of 2022, 169% higher than the same period of 2021. Last year, the company's profit after tax was R$339 million, up 51% compared to 2021. Net revenue totalled R$2.3 billion in the year,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media about the company's Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of... Continue Reading →
Petro Rio S.A. (the “Company” or “PRIO”) (B3: PRIO3) informs its shareholders and the market in general of the closing of the acquisition of 40% interest in the BM-C-32 Block (“Itaipu Field” or “Itaipu”), acquired from Total Energies E&P Brasil Ltda., following the Material Fact released on September 26, 2022. Together with the 60% interest... Continue Reading →
Australia’s oil and gas company Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations. In addition, the second well at this field is expected to come online by the end of the month. Back in April 2021, Karoon hired a rig to perform well... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3:PRIO3), in compliance with the provisions of Article 12 of Resolution No. 44 of the Brazilian Securities and Exchange Commission ("CVM"), dated August 23, 2021, as amended, informs that it received from Banco de Investimentos Credit Suisse (Brasil) S. A. correspondence in which they inform the Company that they... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 02/02/2023 and 02/17/2023, informs that its Board of Directors elected as of 03/29/2023, with term of office until 04/13/2025, the following members to the Executive Board: Mr. Sergio Caetano Leite to the position of Chief Financial and Investor Relations Officer; Mr. Joelson... Continue Reading →
(OM) Voyis has sold its first subsea inspection equipment for use offshore Brazil to DOF Brazil. DOF has acquired the company’s Insight Micro laser scanners and still cameras. According to Voyis, the optical sensor will allow the company to develop 3D models of subsea facilities in real time to reduce risk and provide an accurate record... Continue Reading →
(OET) Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels. As the recent Petrobras tender for 450 days was cancelled, Prosafe is currently not participating in any Petrobras tenders, however, the company is engaged in three tenders. The first of these is in the... Continue Reading →
(Reuters) - Brazil's environmental regulator Ibama has asked oil company Petrobras (PETR4.SA) for additional information on its plan to drill at the mouth of the Amazon river before authorizing Petrobras to test its emergency oil spill response, the agency's president Rodrigo Agostinho told Reuters. The request frustrated the hopes of Petrobras to start the drilling test as... Continue Reading →
