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(Reuters) - Brazil's central bank on Wednesday chose to keep interest rates unchanged, pausing an aggressive monetary tightening cycle even as U.S. and European policymakers are still racing to catch up with inflation. The bank's rate-setting committee, known as Copom, decided by a vote of 7-to-2 to leave its benchmark Selic interest rate at 13.75%... Continue Reading →
Brazil’s oil and gas player Enauta has restarted production from three wells located on a field offshore Brazil and expects the production to stabilise over the incoming period. Enauta revealed on Wednesday that all three wells on the Atlanta field have come into operation. The company further elaborated that this field is in the process of commissioning... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/28/2022 and 08/31/2022, informs that it has carried out today the payment of the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 07/28/2022. The gross amount distributed today corresponds to dividends of R$... Continue Reading →
(PN) Alejandro Ponce Bueno is the new president of the company in Brazil, taking over from Mariano Ferrari, who has been at the helm of the company since 2018 and will assume the presidency of Repsol Bolivia. Alejandro has extensive experience in the oil and gas sector, where he has been operating for over 20... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/16/2022 and 09/08/2022, informs the beginning of the binding phase regarding the sale of 40% of its stake in the BM-POT-17 exploratory concessions, in which the Pitu well Discovery Assessment Plan is being developed (Blocks POT-M-853 and POT-M-855), and the POT-M-762_R15 Concession (Block... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that, at a Board of Directors Meeting held on September 8, 2022, was approved the acquisition of shares representing 15% of the capital of 3R Petroleum Offshore S.A.... Continue Reading →
(Reuters) - Brazil's ethanol exports to Europe are set to reach a record high this year, as foreign markets look more appealing than domestic, according to an analysis by S&P Global Commodity Insights. This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Monday it will lower refinery gate diesel prices by 5.8% to an average 4.89 reais ($0.93) per liter starting on Tuesday, the lowest level in roughly four months. The move marks the third consecutive diesel price reduction since early August, while gasoline prices were kept at their... Continue Reading →
Helix Energy Solutions has secured another extension of its well intervention charter and services contracts with Petrobras for the well intervention vessel Siem Helix 2. The two-year extension directly follows Helix’s current contracts with Petrobras and is scheduled to conclude in December 2024. The initial four-year contract between the two companies for the vessel was extended by one... Continue Reading →
The Administrative Council for Economic Defense (Cade) gave its approval, without restrictions, to PetroRio's (now called PRio) purchase of Dommo. The information was published in the Official Gazette. Pursuant to the merger notification submitted to Cade, the transaction will cause Dommo to become, directly or indirectly, a subsidiary of PRio. Dommo owns 20% of the... Continue Reading →
Brazil Energy Insight 