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(Reuters) -Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important step in the government’s plan to place... Continue Reading →
(Reuters) - Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of a so-called riser at the Peregrino... Continue Reading →
(Reuters) - For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected - and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm is formally known, in a Facebook... Continue Reading →
The Norwegian oil company Equinor recently decided on the concept of area development for block BM-C-33 in the Campos Basin. One of the main points of Equinor's undertaking will be the construction of an offshore pipeline, which will connect the platform vessel (FPSO) from the field to a gas receiving installation at the Cabiúnas Terminal,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has entered into, together with its subsidiary Petrobras Gás S.A. ("Gaspetro"), an instrument of transaction to put an end of a pending legal dispute with Termogás S.A. ("Termogás"). This instrument allows Termogás to acquire shares of Companhia Maranhense de Gás ("Gasmar") held by Gaspetro, which corresponds to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on January 7, 2021, informs that today it has concluded the sale of the totality of its 49% interest in Eólica Mangue Seco 1 - Geradora e Comercializadora de Energia Elétrica S.A. (Eólica Mangue Seco 1) to V2I Energia S.A., invested by Vinci Energia... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved today the signing of the Agreement with the Federal Government, which establishes the stakes in each contract and the amount of compensation to Petrobras in the event of a bid for the Transfer of Rights´ surplus volumes in the fields of Sépia and... Continue Reading →
Petróleo Brasileiro S.A. – We have a new Investor Relations website in line with the market's best practices. Moremodern and easier to navigate, the site has a home page that provides links to the most important documents in each section, reducing the number of clicks to get to the information. We have launched an ESG menu,... Continue Reading →
Sacanb Offshore will debut in the Brazilian drilling market in August. The Indian group signed a contract with Petrobras to charter the Sevan Developer mono-column rig. The deal is the result of a 2020 tender by the oil company for the chartering of a drilling rig intended for operations in 2,400 m water depth. Source:... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, pursuant to CIRCULAR LETTER/CVM/SEP/No.01/2021, reports that it has received the nomination of candidate José João Abdalla Filho for the Board of Directors which election will take place at the Extraordinary General Meeting of April 12, 2021.The candidate was nominated by shareholders FIA Dinâmica Energia and Banclass FIA. The candidate will... Continue Reading →
Brazil Energy Insight 