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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed today with Ubuntu Engenharia e Serviços Ltda a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is US$ 31 thousand and the... Continue Reading →
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil. Petrobras, as the operator of the Manati field – located in the Camamu Basin, in the state of Bahia – reported last week that the production of gas... Continue Reading →
(Reuters) - A unit of U.S. oil producer Chevron Corp (CVX.N) on Friday transferred one-third of its 60%-equity interest in an offshore Suriname block for which it has a production sharing agreement to a unit of Royal Dutch Shell (RDSa.L), Suriname's state oil company said. Paradise Oil Company, a subsidiary of Suriname's state-run Staatsolie, retains its 40% stake... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
Petróleo Brasileiro SA – Petrobras, informs that its Board of Directors approved the model for the sale of up to 100% of the preferred shares it holds in Braskem S.A. (Braskem), to be conducted through secondary public offering(s) of shares (follow-on), together with Novonor S.A. - In Judicial Recovery and NSP Investimentos S.A. - In... Continue Reading →
Australia's competition regulator approved Woodside Petroleum's agreed $28 billion merger with BHP Group's petroleum arm on Thursday, saying it would not reduce competition in the domestic gas market. The Australian Competition and Consumer Commission (ACCC) said it found Woodside would continue to face competition from several suppliers after the deal that will create a global... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters. Bidders were surprised by what they describe as... Continue Reading →
An improper closure of a valve in the submerged part of the export pipeline stopped production in the Manati Field, located in the Camamu Basin. The incident happened last Friday but was only communicated to the market today by Enauta, one of the companies that are part of the consortium that produces in the area.... Continue Reading →
Norwegian billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris. Namely, Famatown Finance, a company indirectly controlled by trusts settled by John Fredriksen and a member of the Seatankers Group, has accumulated through open market transactions approximately 5 per cent of the common shares of Valaris. Famatown pointed out that the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 11/22/2016 and 03/21/2018, informs that it will receive from Equinor Brasil Energia Ltda. (Equinor) the last contingent installment in the amount of US$ 950 million related to the sale of its stake in the exploratory block BM-S-8, where the Bacalhau field (former Carcará... Continue Reading →
