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(Reuters) - The chief executive of Brazil'sstate-run oil company Petrobras (PETR4.SA)resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA), Jose Mauro Coelho, may resign on Monday as he faces mounting pressure from top politicians after a new fuel price hike was announced last week, newspaper O Globo reported. The report mentioned board members who had spoken with Coelho during the weekend. Petroleo Brasileiro... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that it received, at 20h44min of 06.15.2022, the nomination of candidates to the Board of Directors (BD) by minority common shareholders, if the multiple vote system is adopted, for election to the Board of Directors, for the Extraordinary General Meeting to be convened by the Company, with no... Continue Reading →
(Reuters) - Petrobras' (PETR4.SA) board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of the matter. The proposal, presented by board member Francisco Petros, comes just hours after Petrobras announced it was raising fuel prices, sparking outrage among Brazil's top politicians. read more One of the conditions of... Continue Reading →
Bloomberg) -- A bitter dispute between Jair Bolsonaro and Petrobras intensified as the state-controlled oil giant shrugged off the president’s warnings and increased fuel prices, adding to the Brazilian leader’s difficulties as he struggles to contain inflation in an election year. Petrobras shares plunged as much as 9% on Friday, extending losses after Brazil’s Lower... Continue Reading →
(Reuters) - Brazilian energy company Eneva SA (ENEV3.SA) will price on June 24 a follow-on share offering through which it expects to raise up to 4.09 billion reais ($799.22 million) to fund the acquisitions of Celsepar and Cebarra, it said on Thursday. Eneva will issue 300 million new shares, and the total estimated amount it expects to... Continue Reading →
With 15 GW in offshore wind projects in Brazil under licensing, Ocean Winds — a joint venture between Engie and EDP Renováveis for offshore wind power generation — believes that investments in the implementation of the first projects in the country will be higher than in the rest of the world. “At first it will... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is set to announce a fuel price increase on Friday, local media reported on Thursday, raising alarm bells within the country's top political ranks. According to O Globo, the company's board has approved diesel and gasoline price increases that will come into effect next week. Petrobras said it could... Continue Reading →
(OE) Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet, despite continued offshore upstream capital discipline. With talk of TotalEnergies' offshore Namibia Venus discovery potentially containing more than... Continue Reading →
Malaysian oil and gas services provider Sapura Energy secured new contracts with a total value of RM2.7 billion or about $613 million in 2Q FY2023, attributing this to its shift in bid strategy. Sapura Energy revealed on Thursday that its Drilling and Engineering & Construction (E&C) business segments, through its subsidiaries and joint-venture, have secured “six... Continue Reading →
Brazil Energy Insight 