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(Reuters) - Engie Brasil (EGIE3.SA) said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for 3.1 billion reais ($641 million). CDPQ, Canada's No.2 pension fund manager with C$424 billion ($320.60 billion) under management, will raise... Continue Reading →
(Z) Petrobras, Brazil's national oil company, encountered a significant roadblock in the ongoing sale of onshore Carmópolis to Carmo Energy. The sale of Petrobras' onshore assets was likely driven by strategic business decisions. This divestiture aligns with the company’s broader strategy, which may involve focusing on core activities, reducing debt or generating funds for new... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in 3 exploratory blocks, through a competitive process conducted by Shell. The transaction is part of the scope of the Memorandum... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on December 20, 2022, informs of the non-compliance with the contractual payment obligation of Carmo Energy and its parent company COBRA INSTALACIONES Y SERVICIOS, S.A., as guarantor, related to the sale of all of its stakes in the set of 11 onshore oil... Continue Reading →
(Reuters) Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million. In a securities filing, the company said that the transaction to acquire a stake in the Abalone, Ostra, and Argonauta oil fields, components of the so-called... Continue Reading →
(OE) Brazilian oil and gas company Enauta has bought FPSO Cidade de Santos platform from MODEC, following the acquisition of the Uruguá and Tambaú fields in Santos Basin. The transaction for the FPSO, capable of processing 350 million cubic feet per day of gas, 25,000 barrels of oil per day, and has a storage capacity... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A. ("Enauta"), contracts for the assignment of its entire stake in the Uruguá and Tambaú fields, in deep waters in the post-salt, located in the Santos Basin. The amount to... Continue Reading →
(Reuters) - Brazil's government believes state-run oil firm Petrobras (PETR4.SA) could increase its stake in petrochemical producer Braskem (BRKM5.SA) to facilitate an eventual sale to foreign buyers, a person familiar with the discussions said on Tuesday. Probes of Braskem have mounted as the ground has been sinking in the city of Maceio, in Alagoas state, where the company operates... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 27, 2023, informs that it has closed the competitive process for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA), together with the sale of the stakes of its partners, Companhia Paranaense de Energia - COPEL... Continue Reading →
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share. Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32.9%.Aker Capital AS is 100% owned by Aker ASA and represented on the board of the company by Frank Ove Reite.... Continue Reading →
Brazil Energy Insight 