Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices and in addition to the Material Fact of November 5, 2020, informs its shareholders and the market in general that it formally notified Gas Bridge S.A. (“Gas Bridge”) of the SPA termination, which aimed to sell the 10% interest in the Manati... Continue Reading →
Acelem announces investments of BR$ 500MM in the Mataripe refinery, formerly RLAM
(PN) Acelen, the investment arm of Mubadala Capital, announced that it will invest BRL 500 million in the Mataripe Refinery (formerly RLAM), in Bahia. The funds will be applied to the plant's scheduled maintenance shutdown cycle over the next 12 months. The company's expectation is that up to 4,000 jobs will be generated at the... Continue Reading →
ANP concedes reduction of royalties to 71 producing fields
(PetroleoHoje) From a list of 195 fields, 71 have already have their royalties reduced according to ANP Resolution No. 853/2021, which allows the reduction of the royalty rate to 5%, in the case of fields granted to small companies, and to 7, 5%, for fields operated by medium-sized companies, if they comply with the requirements... Continue Reading →
Petrobras on receiving compensation for Atapu
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/13/2022, informs that, contractually, TotalEnergies EP Brasil Ltda. - TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 04/28/2022. The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. -... Continue Reading →
Petro-Victory Energy acquires 19 Brazilian oil blocks, doubling company’s total acreage
(WO) Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced. This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e... Continue Reading →
Petrobras begins binding phase of E&P assets in the Gulf of Mexico
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/16/22, informs that today it started the binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in... Continue Reading →
White Martins studies green hydrogen project at Porto do Açu
(epbr) White Martins, a supplier of industrial and medical gases, signed a Memorandum of Understanding (MoU) with Porto do Açu to assess the feasibility of producing green hydrogen at the port complex in São João da Barra (RJ). Under the terms of the agreement, Porto do Açu will carry out a study to collect data... Continue Reading →
Petrobras announces final results and settlement of cash Tender Offers
Petróleo Brasileiro S.A. – Petrobras, in addition to the announcement made on April 12, 2022, announces that it has today completed the global bond repurchase offer made by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The following tables set forth the aggregate principal amount of Notes validly tendered and accepted for purchase in the... Continue Reading →
Enel Green Power and the Government of Bahia sign MOU to develop Green Hydrogen project
Enel Brasil and the Government of the State of Bahia signed a Memorandum of Understanding (M)U) to carry out feasibility studies on green hydrogen production projects by Enel Green Power Brasil, the renewable generation arm of the Enel Group in the country. The technical, commercial and financial sectors for this project will be evaluated. The... Continue Reading →
Ibama grants Petrobras operating license for FPSO Guanabara in Mero
The Brazilian Institute of the Environment (Ibama) granted Petrobras the operating license for the FPSO Guanabara, the first definitive unit in the Mero field, in the Santos Basin. The document will be valid for eight years. The platform ship arrived at the field in February to carry out operational tests. The FPSO Guanabara was converted... Continue Reading →