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Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 14.55 billion from TotalEnergies EP Brasil Ltda. (TotalEnergies), Petronas Petróleo Brasil Ltda. (Petronas) and QP Brasil Ltda. (QP), related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%),... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/16/2021, informs that its Board of Directors, in a meeting held today, approved the sale of its entire stake (27.88%) in Deten Química S.A (Deten), located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química S.A.,... Continue Reading →
In 1Q22, Petrobras kept a solid operating performance, with average oil, NGL and natural gas production reaching 2.80 MMboed, 3.4% above 4Q21. This result was achieved mainly due to the continuity of the ramp-ups of FPSOs Carioca (Sépia field) and P-68 (Berbigão and Sururu fields), located in the pre-salt of Santos Basin, to the lower... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio), a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/19/2022, informs that it received today, at sight, the updated payment of R$ 4.7 billion from Total Energies EP Brasil Ltda. - TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by the consortium composed by Petrobras... Continue Reading →
(Reuters) - Italy's Enel SpA (ENEI.MI) is in talks to sell its Brazilian power distributor company Celg-D in a deal that may reach $2 billion, three sources with knowledge of the matter said. Among companies interested in acquiring Celg-D, which distributes power in the Brazilian center-west state of Goias and serves 3.27 million customers, are Brazilian rivals... Continue Reading →
(OE) Oslo-listed FPSO leasing company BW Offshore has agreed to sell its laid-up FPSO Polvo to BW Energy for $50 million. BW Energy will redeploy the FPSO in Brazil. The transaction is expected to be concluded by July 24, 2023, at the latest. If the transaction is completed before the said date, BW Energy will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda (Ubuntu) of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent conditions and approval... Continue Reading →
(Reuters) Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade. The London-listed company's revenue for the year ended Dec. 31 was down 14% on... Continue Reading →
(PN) Petrobras announced that it achieved a new national record in well construction in deep waters. The feat was achieved in the Marlim field, in the Campos Basin. The 7-MRL-233H-RJ well is in a water depth of 850 meters and was built in just 35 days. The record surpasses the company's best result so far... Continue Reading →
Brazil Energy Insight 