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Petróleo Brasileiro S.A. - Petrobras informs that, as part of the actions taken to open the Brazilian natural gas market, signed, today, with Transportadora Associada de Gás S.A. (TAG) the Flexibility Reduction Agreement to be used by Petrobras (Agreement) and amendments to the Malha Nordeste, Gasene and Pilar-Ipojuca Natural Gas Transportation Contracts (Amendments), which reflect... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, on this date, it has filed with the National Petroleum Agency (“ANP”) the Declaration of Commerciality of the Wahoo discovery, as well as the Development Plan in exclusive operations. The Wahoo discovery is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it completed the renewal of its shelf registration with the U.S. Securities and Exchange Commission. The shelf registration allows Petrobras to offer securities in the U.S. capital markets in an agile and comprehensive manner, taking advantage of market opportunities, with the objective of reducing costs and facilitating... Continue Reading →
The winning companies of the 4th edition of the Best Petrobras Suppliers Award were announced by Petrobras. 24 suppliers of the main categories were distinguished — Drilling and Completion Equipment; Subsea Production Equipment; Launch of Subsea Pipelines; Air Logistics; Maritime Logistics; Land Logistics; Industrial Maintenence; MRO and Associated Services; Offshore Engineering Works; Onshore Engineering Works;... Continue Reading →
Norwegian marine survey contractor Argeo has signed an agreement with an undisclosed client to provide autonomous underwater vehicle (AUV) services in the Brazilian oil and gas sector. The project is scheduled to commence early in the first quarter of 2022 and includes the possibility of being extended. According to Argeo, the agreement represents a potential start... Continue Reading →
The National Petroleum Agency (ANP) suggested to the Administrative Council for Economic Defense (CADE) that it reject the sale of 51% of Petrobras in Gaspetro to Compass. In the ANP's assessment, the operation does not meet the objectives of the Term of Assignment of Conduct (TCC) signed between CADE and Petrobras, since Compass (part of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed today with Ubuntu Engenharia e Serviços Ltda a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is US$ 31 thousand and the... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company's refining director told Reuters. The tests are expected to take about six months and will be backed by a fuel distributor and a bus... Continue Reading →
Brazil stuck between a rock and a hard place..... (Reuters) - Brazil's former President Luiz Inacio Lula da Silva, who is currently leading in the polls ahead of next year's election, said if reelected he would seek to build a broad range of alliances in a bid to unite a deeply polarized country. In an... Continue Reading →
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil. Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has... Continue Reading →
Brazil Energy Insight 