Petrobras on the sale of potassium mining rights

Petróleo Brasileiro S.A. – Petrobras informs that it has begun the opportunity disclosure stage (teaser), referring to the sale of its mining rights for research and mining of potassium salts located in the Amazon Basin. The teaser, which contains the main information about the opportunity, as well as the eligibility criteria for the selection of... Continue Reading →

Exxon Mobil’s Nigeria asset sale hits regulatory hurdle

(Reuters) - Nigeria's petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil's $1.28 billion sale of shares in its Nigerian unit to Seplat (SEPLAT.LG) after President Muhammadu Buhari approved the transaction. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) head, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum minister... Continue Reading →

Brazil’s 3R Petroleum subsidiary agrees on $500 mln loan to pay for Potiguar oil field

3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →

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