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3R Petroleum (RRRP3) raised R$ 822.8 million with a new issue of shares (follow-on), four months after debuting on the Stock Exchange with an IPO that raised R$ 690 million. According to the relevant fact, R$ 559.5 million will go to the capital account of the oil company, and R$ 263.3 million will remain in... Continue Reading →
(Reuters) - Brazil’s Petrobras has fired a high-ranking manager after determining he had traded company shares in the days leading up to the firm releasing its financial results, the company said on Monday. Earlier on Monday, four sources familiar with the matter told Reuters that Claudio Costa, Petrobras’ executive manager for human resources, sold shares... Continue Reading →
(Reuters) - Brazilian energy firm Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has chosen four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion reais ($2.25 billion), four people familiar with the matter said on Monday. Raizen... Continue Reading →
Following the acquisition of the Baúna field in Brazil, Australia’s Karoon Energy has created a Brazil Business Unit and is working to restructure its executive team with immediate effect. Karoon said on Monday it has created the Brazil Business Unit, which will be reporting directly to the CEO and Managing Director, supported by the appropriate... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, elected Mr. Salvador Dahan to the position of Chief Governance and Compliance Officer, as of May 1, 2021. Mr. Salvador Dahan has a Bachelor of Law from Mackenzie University, with an MBA in Business Security Management from FECAP and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed today, informs that it has signed a contract with MC Brazil Downstream Participações, a company of the Mubadala Capital group, for the sale of the company's shares that will hold the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in the state of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/01/2021, informs that it received last week the second, and last, installment, in the amount of US$ 59.4 million, of the leniency agreement entered into by Samsung Heavy Industries. With these values, Petrobras surpasses R$ 5.7 billion in funds recovered through collaboration, leniency... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that Andrea Almeida, Chief Financial and Investor Relations Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer, André Chiarini, Chief Trading and Logistics Officer, and Rudimar Chief Production Development Officer, informed today to the Board of Directors that they do not intend to renew their respective terms.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as a follow up to the release disclosed on February 8, 2021, informs that the company's Board of Directors, in a meeting held today, approved the sale of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, to Mubadala Capital for US$ 1.65 billion. The signing of... Continue Reading →
(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New COVID-19 cases among offshore oil workers rose to 46 on March 24 from 17 on... Continue Reading →
Brazil Energy Insight 