Petrobras concludes the sale of SIX

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 →

Petrobras on sale of stake in petrochemicals

Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire shareholding, corresponding to 50% of the voting capital and 34.54% of the total capital, in the company METANOR S/A – Metanol do Nordeste (Metanor), headquartered in Camaçari, in the state of Bahia. The teaser,... Continue Reading →

Italy’s Saipem Ups 2022 Guidance after Beating Expectations in Q3

Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations.  The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216.74 million) compared with an analysts' consensus of 136 million euros.  EBITDA was negative for 25... Continue Reading →

Petrobras on sale of onshore optic fiber network

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in question, as well as instructions on... Continue Reading →

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