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(Reuters) - Opposition proposals to roll back the initial privatizations of Brazilian refineries would run into stiff resistance from their new owners, with sale contracts offering no room for reversal, three people with knowledge of the matter told Reuters. Advisors to leading presidential candidate Luiz Inacio Lula da Silva have floated the idea of buying... Continue Reading →
(WO) From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of... Continue Reading →
With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
(Reuters) - Investors seeking clarity about the future of Brazil's fiscal policy from 2023 on must wait for the outcome of October's presidential election, said the chief investment officer of Credit Suisse (CSGN.S) for Latin America. "You have to wait for the definition of who is going to implement the policies next year to, in fact, be... Continue Reading →
Petro Rio S.A. (PRIO), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Obs:(1) The Frade Field’s production was impacted 9-day shutdown in the month of August.
(U) Petrobras is considering the potential of offering carbon capture and storage solutions for third-party industrial emissions in its native Brazil as part of a potential diversification strategy from the company’s key upstream oil and gas operations. “It’s a study we are doing right now,” Rafael Chaves Santos, executive director of institutional relations and sustainability... Continue Reading →
(PN) A new wave of developments in the Santos Basin that should start next year creates the expectation of generating new jobs, in addition to enabling the expansion of the use of support vessels. The so-called Stage 4 of the Santos Basin will cover 13 new Petrobras production units in the region, located in the... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted Petrobras the first renewal of the seismic survey license for the Itapu field, in the pre-salt layer of the Santos Basin. The license will last for 1 year and two months, authorizing the oil company to carry out the activity within the authorized polygon, with the seismic... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the company's succession process,... Continue Reading →
(PN) The Chinese shipyard Dalian Shipbuilding Industry Offshore (DSIC) held the delivery ceremony for the FPSO Anita Garibaldi, which will be installed in the Marlim field, in the Campos Basin. The platform ship was delivered to Japan's Modec, which will charter the unit to Petrobras for 25 years. The platform ship is expected to arrive... Continue Reading →
Brazil Energy Insight 