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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/29/2021, 10/04/2021, 03/04/2022 and 11/24/2022 informs that it concluded today the assignment of 5% of its interest in the Production Sharing Contract of the Surplus Volume of the Transfer of Rights, for the Búzios field, in the pre-salt of Santos Basin, to the... Continue Reading →
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 →
(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 →
(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 →
(Reuters) - The chief executive of Brazil's Braskem SA , Roberto Simoes, is set to leave the petrochemical producer on Jan. 1, 2023, three years after taking office, the company said on Monday. Controlling shareholder Novonor has tapped Roberto Bischoff as the firm's new CEO, Braskem added in a securities filing, noting that his nomination... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases of 09/29/2021, 10/04/2021 and 03/04/2022, informs that it has received today the amount of R$ 10.3 billion, equivalent to US$ 1.9 billion by the PTAX exchange rate of 11/24/2022, related to the assignment of 5% of its participation in the Production Sharing Contract of the... Continue Reading →
(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva asked the current administration to halt ongoing asset sales by state-run oil giant Petrobras (PETR4.SA) until a new Mines and Energy Minister is appointed, a member of the group said on Tuesday. The remarks by Professor Mauricio Tolmasquim, tapped last week to participate in the mining... Continue Reading →
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 →
After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE). Back in February 2021, Seadrill filed for Chapter 11 bankruptcy, its second in about four years. It took about a year of restructuring for Seadrill to emerge from bankruptcy. The relisting updates came about two months after this. Come... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/11/2021, informs that it has today finalized the sale of the shares of the company Paraná Xisto S.A (Paraná Xisto), which was formed to hold the Shale Industrialization Unit (SIX), located in São Mateus do Sul, Paraná, to Forbes Resources Brazil Holding S.A.... Continue Reading →
Brazil Energy Insight 