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(PN) Petrobras' board of directors held a conference call with investors to detail the financial results for the first quarter. During the call, one of the main novelties was the signaling that the company may disclose some line of business focused on energy transition in its next strategic plan, which should be ready at the... Continue Reading →
(epbr) 3R Petroleum is approaching global trading companies interested in joining the Potiguar Cluster as partners. The company intends to deepen the studies on the financial evaluation of the cluster's infrastructure assets, before taking a decision on a potential partnership. In January, the company signed a contract with Petrobras, in the amount of US$ 1.38... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces its 1Q22 earnings. HIGHLIGHTS FOR THE PERIOD Message from the Management "2022 started with several developments that affected Brent prices, including the decrease in severity of COVID-19, an excellent reason to celebrate; and the regrettable war in Ukraine. We have seen oil prices rise sharply, with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, informs that it has concluded the new round of the sale process binding phase of the onshore production fields located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster. The consortium formed by PetroRecôncavo S.A. (60%)... Continue Reading →
(Bloomberg) — Galp Energia SGPS SA is considering a sale of its upstream operations in Angola, as Portugal’s biggest oil company seeks to streamline its hydrocarbon portfolio, according to people familiar with the matter. The company is working with a financial adviser to gauge interest in its assets in the African country, the people said,... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel is interested in purchasing a fertilizer project from Brazilian state-run oil company Petrobras (PETR4.SA) in the state of Mato Grosso do Sul, its chief executive told Reuters on Friday. The operation of the unit, whose capacity as designed by Petrobras was 3,600 tonnes per day of urea and 2,200 tonnes per... Continue Reading →
(Reuters) Spanish energy group Repsol is taking a "softer" approach to its search for a partner for its newly created renewables unit as oil and gas prices are helping the company generate cash, its chief executive said on Thursday. Along with major European energy companies like BP and TotalEnergies, Repsol has been investing in low-carbon... Continue Reading →
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola. Afentra will pay $80 million and could also pay contingent payments of up to $50 million in aggregate in the case of Block 3/05, with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/21/2020 and 02/04/2022, informs that sale process of 100% of its Nitrogen Fertilizer Unit III (UFN-III), located in the city of Três Lagoas, Mato Grosso do Sul, with the Russian group Acron hasn’t been concluded, considering that the business plan proposed by the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil Petróleo Ltda (Shell - 25%) and TotalEnergies EP Brasil Ltda. (TotalEnergies - 22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer... Continue Reading →
Brazil Energy Insight 