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Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3), informs its shareholders and the market in general that it has signed an agreement with Gas Bridge Storage S.A. for the sale of its 10% interest in the Manati Field. The total amount of the transaction is of R$ 124 million, of which 10% will be paid... Continue Reading →
(Reuters) - Supporters of Brazilian President Jair Bolsonaro on Wednesday held rallies to call for an armed forces intervention following the election of Luiz Inacio Lula da Silva, a move that military experts say is out of the question. The country's electoral authority on Sunday said Lula won almost 51% of the vote. Bolsonaro has... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been re-approved as an official rig supplier and will be invited to participate in Petrobras’ upcoming rig tenders. This announcement comes after the drilling contractor confirmed in mid-September 2022 the activation on the Euronext N-OTC list, explaining that the listing was the first step toward a public listing of the company... Continue Reading →
(Reuters) - Brazil's far-right President Jair Bolsonaro on Tuesday avoided conceding defeat in his first public remarks since losing Sunday's election, saying protests since then were the fruit of "indignation and a sense of injustice" over the vote. His chief of staff, Ciro Nogueira, speaking after Bolsonaro's brief public address, said Bolsonaro had authorized him... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received, over the last quarter, the devolution of about R$ 439 million, recovered through leniency agreements with Camargo Corrêa, Novonor S.A. (formerly known as Odebrecht S.A.) and SBM, as well as Pedro Barusco's collaboration agreement. With these devolutions, the total amount of funds transferred to Petrobras' coffers... Continue Reading →
Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin... Continue Reading →
(Bloomberg) -- Investors are closely watching whom Brazilian President-elect Luiz Inacio Lula da Silva will pick to lead Petroleo Brasileiro SA to gauge how much its business strategy will change under the new, more left-wing administration. Lula, a former president who oversaw Petrobras’s expansion into the famed pre-salt region that now delivers about 70% of... Continue Reading →
(epbr) Petrobras to invest again is one of the main promises of Luiz Inácio Lula da Silva for his third term as President of the Republic. The government program states that the state-owned company must be an integrated energy company, focusing on the energy transition. -- For that, Petrobras would need to develop new projects... Continue Reading →
(Reuters) - Brazil's outgoing President Jair Bolsonaro had on Monday yet to concede defeat in the presidential election, raising fears the far-right nationalist might contest the victory of his leftist rival, former president Luiz Inacio Lula da Silva. Tens of thousands of jubilant supporters took to the streets of Sao Paulo on Sunday night to... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
