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Sept 10, 2020 A Petrobras manager was among the subjects of search warrants issued to police on Thursday, part of a years-long investigation into alleged corruption at the Brazilian state-controlled oil firm, according to court documents seen by Reuters. Brazil’s federal police served 25 search warrants as part of the sweeping “Car Wash” probe, one... Continue Reading →
Sept 10, 2020 Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned... Continue Reading →
Sept 10, 2020 The board of the National Petroleum Agency (ANP) gave the go-ahead this afternoon (10) for Petrobras to sell its 30% stake in the Frade field to PetroRio. The transaction raised US $ 100 million and was announced at the end of last year. PetroRio awaited the approval of the deal by the... Continue Reading →
Sept 10, 2020 Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by state-controlled oil company Petroleo Brasileiro SA between 2008 and 2011, according to a statement from federal prosecutors on Thursday. The raids are part of the 74th phase of Brazil’s so-called Car Wash probe, the... Continue Reading →
Sept 10, 2020 The agency announced today the name of Raphael Moura as its new interim director general. Currently occupying a role in the superintendence of the ANP, Moura will assume the new role from next Monday (14), replacing José Gutman, who had occupied the post since March 28. The new director general of ANP... Continue Reading →
September 10, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of Law No. 6,404, of December 15, 1976, as amended, and the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, informs its shareholders and the market in general of a proposed offering of... Continue Reading →
September 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, for the third month in a row, it has broken the production record of S-10 Diesel, low-sulfur diesel. In August, the company's refineries processed 1.84 million m³ of the product, a volume slightly higher than in July, when it reached 1.81 million m³, and 15%... Continue Reading →
September 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has again become a signatory to the anti-corruption initiative Partnering Against Corruption Initiative (PACI) of the World Economic Forum. PACI is the leading international anti-corruption organization with compliance officers from large multinationals, international organizations and governments. The initiative acts as a global platform for... Continue Reading →
Sept 9, 2020 Eagle Paulínia, the second of the four new vessels that are being added to Petrobras' relief fleet in 2020, carried out the first relief operations in Búzios, in the Santos Basin, and concluded its first operational cycle. In the last week of August, the vessel carried out two offloadings - oil transfer... Continue Reading →
September 8, 2020 Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified today by Capital Research Global Investors (CRGI), independent investment division of Capital Research and Management Company, that it has acquired preferred shares issued by the company and it manages... Continue Reading →
Brazil Energy Insight 