Petrobras on sale of thermal power plant

Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/14/2020 and 06/15/2020, informs that its Executive Board has approved the termination of the competitive process for the sale of the Canoas Thermoelectric Plant (UTE Canoas).  Despite the efforts made in this process, it was not possible to obtain adequate commercial conditions for... Continue Reading →

Petrobras concludes the sale of REMAN

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/25/2021, 03/10/2022, 05/13/2022 and 08/30/2022, informs that it has today finalized the sale of the shares of Refinaria de Manaus S.A. (Manaus Refinery), which was formed to hold Refinaria Isaac Sabbá (REMAN) and its corresponding logistics assets, located in Manaus, Amazonas, to the... Continue Reading →

Brazil’s transition team asks Petrobras CEO to suspend company’s divestment plan

(Reuters) - Brazil's government-elected transition team asked state-run oil company Petrobras' (PETR4.SA) Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan so they have time to decide which asset sales would go ahead in the coming years, transition team member Mauricio Tolmasquim told Reuters on Monday. "It would be ideal to suspend everything... Continue Reading →

Exxon to Exit Equatorial Guinea

(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters.  The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →

Petrobras on the sale of REGAP Refinery

Petróleo Brasileiro S.A. – Petrobras informs that it has received a binding proposal for the sale of the Gabriel Passos Refinery (REGAP), in Minas Gerais, but decided to close the process, since the conditions of the presented proposal were below Petrobras' economic and financial evaluation. Thus, the company will evaluate the appropriate moment to start... Continue Reading →

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