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(epbr) TotalEnergies, a major western oil and gas producer, is developing 9 GW of offshore wind generating capacity off the coast of Brazil. There are three distribution parks in Ceará, Rio de Janeiro and Rio Grande do Sul. It joins the giants Equinor and Shell, also in the oil and gas segment, but with energy... Continue Reading →
(PN) Always very discreet in the traditional press conferences of Petrobras, giving only shorter and more punctual statements, General Joaquim Silva e Luna decided to speak out, now that his departure from the presidency of the state-owned company is more than confirmed. The military man gave several interviews to some of the country's press vehicles,... Continue Reading →
(PN) The National Petroleum Agency (ANP) confirmed that the country's proved reserves grew 11% in 2021. In addition, there was an increase of 14.3% in the volume related to the sum of proved and probable reserves (2P) and of 19.8% in the sum of proved, probable and possible (3P), compared to 2020 data. Replacement rate... Continue Reading →
(PN) The contracting of the P-81 platform ship, which will be installed in the promising Sergipe-Alagoas Basin, may be a little closer to an outcome. According to our report, the Brazilian company Ocyan was the only company to submit a bid for the contracting of the unit, whose start of production is scheduled for 2026.... Continue Reading →
(Reuters) - Brazilian oil company PetroRio SA (PRIO3.SA) is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras (PETR4.SA), two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex. Petrobras, formally Petroleo Brasileiro SA (PETR4.SA), has been in bilateral talks with PetroRio... Continue Reading →
(PetroleoHoje) Foreign companies and independent oil companies already account for 28.4% of oil production per concessionaire, according to data published by the ANP on Wednesday (3/30), referring to the month of February. The difference is 9.2% in relation to the same period last year, in which these companies accounted for 26% of oil production per... Continue Reading →
(Finews) The Swiss Attorney General's Office searched the premises of Geneva-based bank Pictet in mid-March in relation to the Petrobras scandal. About two weeks ago, the offices of Bank Pictet in Geneva were searched by the Office of the Attorney General of Switzerland (OAG), a story in the Swiss daily «Le Temps» (behind paywall) confirmed on Monday.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Court of Justice of Rio de Janeiro (TJ-RJ) decided, by majority vote, to grant the appeal of the company Paragon Offshore Nederland B.V., former supplier of rigs for oil and gas prospection. The estimated value of the lawsuit is R$ 1.9 billion of which R$ 59 million... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the execution of the Term of Closing of Pendencies (TCP) between, on the one hand, Petrobras and one of its affiliates (jointly, Petrobras) and, on the other hand, Novonor S.A. (previously called Odebrecht S.A.) and some of its affiliates (jointly, Novonor/Odebrecht), for the... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with the provisions of article 2 of CVM Instruction 358/02 (and its amendments by CVM Instruction 568/15), informs its shareholders and the market in general the change of its functional currency from Brazilian Reais to U.S. Dollars. The change was approved in a Board Meeting... Continue Reading →
Brazil Energy Insight 