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Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale and purchase of the FPSO is subject to the closing of the acquisition by BW Energy... Continue Reading →
(Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras (PETR4.SA) told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt deep waters, located in the Espírito... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on June 27, 2022, in the morning, to deliberate on the appointment of Mr. Caio Mário Paes de Andrade as a Member of the Board of Directors of Petrobras and his election as President... Continue Reading →
(Reuters) - Brazilian oil giant Petrobras' eligibility committee on Friday gave the go-ahead for the government's pick to be nominated as the next chief executive. The approval puts former Economy Ministry official Caio Paes de Andrade on the doorstep of the CEO position a month after he was initially chosen. He still needs to be... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44 and the Novo Mercado Regulation, informs its investors and the market in general that the Board of Directors, at a meeting held on June 22, 2022, decided on the organizational restructuring of the Company,... Continue Reading →
Brazil’s state-owned oil and gas giant Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy, an Oslo Stock Exchange-listed oil and gas E&P company. Earlier this month, Petrobras announced that the divestment process of the maritime concession called Golfinho cluster was still in the binding phase, adding that BW Energy was... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its drillships has set off towards Angola to embark on its new assignment with an affiliate of the U.S. energy giant, ExxonMobil. Back in October 2021, Valaris won a two-year deal for the drillship VALARIS DS-9 with Esso Exploration Angola, an affiliate of ExxonMobil, for operations offshore Angola. At... Continue Reading →
(Reuters) - Brazil's antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras' (PETR4.SA) 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is controlled by energy company Cosan (CSAN3.SA), for 2.03 billion reais ($394.15 million), according to a statement from Compass when the deal was announced last... Continue Reading →
(PN) In the midst of a turbulent week due to the change in its presidency and the rise in fuel prices, Petrobras made a new advance in its exploratory program in the Espírito Santo Basin. The company started drilling the 1-BRSA-1385-ESS well, in the ES-M-596 block, in a water depth of 2,117 meters. As already... Continue Reading →
Brazil Energy Insight 