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Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact from November 7, 2024, informs that the distribution of remuneration to shareholders, approved on that date by the Board of Directors, in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, will be paid as follows,... Continue Reading →
(Reuters) - Brazilian President Luiz Inacio Lula da Silva was recovering in an intensive care unit on Tuesday, doctors said, after being rushed to a Sao Paulo hospital for emergency surgery to drain a bleed on his brain linked to a fall in October. The 79-year-old Lula was in stable condition and speaking and eating... Continue Reading →
(Reuters) - The bill that regulates offshore wind power generation in Brazil advanced in the Senate on Tuesday with approval in the Infrastructure Committee, with a vote scheduled for the plenary session of the House on Wednesday. Bill 576/2021, which is on the voting agenda, has been heavily criticized by the electricity sector due to... Continue Reading →
(OE) Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters. Petrobras expects to invest $9.9 billion in platform decommissioning through 2029, compared with more than... Continue Reading →
(Reuters) Brazil's state-run Pre-Sal Petroleo (PPSA) will hold an oil auction on June 25 for an estimated 78 million barrels, the firm's head of finance Samir Awad said on Thursday. The volume to be auctioned off next year will be more than double what was auctioned off this year, Awad told journalists on the sidelines... Continue Reading →
December 5, 2024 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) hereby informs its shareholders and the market in general that after satisfaction of the conditions precedent, the formal procedures for the closing of the acquisition of 40% interest in the Peregrino and Pitangola Fields (“Field” or “Peregrino”) have been concluded and, as of this... Continue Reading →
(OE) ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector. Proper Marine will be merged with ABL’s design and engineering arm Longitude. The company will expand ABL’s design and engineering capabilities with a team of over... Continue Reading →
Petróleo Brasileiro S.A Petrobras informs that the Chairman of the Board of the company, Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff's Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, Natural... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Key: (1) The production of the Frade field was affected by a failure during the update of the turret's communication system. (2) In the Polvo and Tubarão Martelo cluster, production... Continue Reading →
(Reuters) - Brazilian prosecutors asked state-run oil firm Petrobras (PETR4.SA), opens new tab to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. An oceanographer's technical assessment commissioned by the Federal Prosecutor's Office and dated Oct.... Continue Reading →
Brazil Energy Insight 