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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale of the Lubrificantes e... Continue Reading →
Brazilian oil and gas player Enauta has revealed that its exclusivity deal with Australia’s Karoon Energy for the sale of a partial stake in a field located offshore Brazil has been terminated, thus, the company will be keeping its entire stake in this field for the time being. Back in March 2022, Enauta confirmed it... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Monday that a turnaround at Siemens Gamesa (SGREN.MC) will take several years, adding a 4.05 billion euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. "It's nothing which will go fast," Siemens Energy Chief Executive Christian Bruch told journalists... Continue Reading →
(Reuters) - Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are exploring a sale of Terra Energy Partners LLC, seeking as much as $2.5 billion, including debt, for the natural gas producer, people familiar with the matter said. The buyout firms launched an auction process to sell their majority stake in Terra earlier... Continue Reading →
Brazilian oil and gas company Enauta has stopped production from one of the wells at the Atlanta field, located offshore Brazil, to carry out – what it describes as – minor repairs in the production line. Enauta revealed on Tuesday that production was temporarily interrupted at dawn at the well 7-ATL-2HP-RJS, which had been producing... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) has launched the sale of its 10% stake in Nigerian joint venture SPDC, with Canada's Scotiabank leading the sale as financial adviser, a sale document tendering for interest showed. TotalEnergies announced the sale in late April. Scotiabank declined to comment. TotalEnergies declined to comment on the financial adviser. TotalEnergies confirmed it was selling... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/20/2018, informs that it has decided to conclude the current competitive process, which was in the binding phase, for the partial sale of four concessions located in deep waters in the Sergipe-Alagoas Basin (BM- SEAL-4, 4-A, 10 and 11), without transferring the operation.... Continue Reading →
(Reuters) - Brazil's antitrust watchdog CADE said on Friday that the sale of state-run oil company Petrobras' (PETR4.SA) Reman refinery to fuel distributor Atem was approved with no restrictions. Brazil's antitrust watchdog CADE has approved the sale of state-run oil company Petrobras' (PETR4.SA) Reman refinery to Atem, two sources familiar with the matter said on Thursday. Petroleo Brasileiro SA,... Continue Reading →
Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its shareholders, investors and the market in general that, on May 10, 2022, the National Petroleum, Natural Gas and Biofuel Agency (“ANP”) approved the transfer of the concession agreements of 14 onshore production fields that form the Recôncavo Cluster (“Recôncavo Cluster”), owned by Petróleo Brasileiro... Continue Reading →
Brazil Energy Insight 