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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/18/2020, informs that the divestment process of the maritime concession called Golfinho Cluster, located in deep waters, in the Espírito Santo Basin, is still in the binding phase. The company BW Energy was invited to the negotiation stage, as reported by this company... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the Petrorecôncavo and Eneva consortium regarding the sale process of the onshore production fields located in the Recôncavo... Continue Reading →
(Reuters) - Oil and gas group Repsol (REP.MC) has agreed to sell a quarter of its newly-created renewable energy unit to Credit Agricole Assurances (CAGR.PA) and asset manager Energy Infrastructure Partners for 905 million euros ($964 million), the company said on Thursday. The deal values the whole unit, which is building wind, solar and hydro plants in Spain, the... Continue Reading →
Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven, a partner in the license which contains the Etinde gas condensate field.... Continue Reading →
Amid successive changes of command, Petrobras will need to ask CADE (Administrative Council for Economic Defense) for more time to sell the refineries it needs to make available to the market because of an agreement signed with the antitrust body in 2019. More than two years after the agreement for the sale of the eight... Continue Reading →
(Reuters) - EIG Global Energy Partners is in early discussions with Repsol (REP.MC) to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters. The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business, the sources said, in a... Continue Reading →
(Reuters) Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters. Impact, which is privately owned and focused on exploration in Africa, has hired investment bank Jefferies to prepare a sale process for... Continue Reading →
(Reuters) - Spanish construction firm Sacyr (SCYR.MC) said on Monday it sold its entire stake in Repsol (REP.MC) as well as options it held on shares of the Spanish oil company for an unspecified amount. Sacyr, which teamed up with state-owned oil company PEMEX more than a decade ago in a bid to control Repsol, sold its shares on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/28/2022, informs that it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit III (UFN-III). The teaser, which contains key information about the opportunity - including the provision for the buyer to commit to the completion... Continue Reading →
