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(Yahoo) Petroleos Mexicanos could end up spending about $1.6 billion to take over Royal Dutch Shell Plc’s Deer Park refinery, more than twice the price announced in May, even as its finances are so dismal the government is injecting billions of dollars into the state oil producer. Pemex, as the company is known, has requested... Continue Reading →
(Reuters) - Shares in Brazil's Braskem SA (BRKM5.SA) plunged on Thursday after state-run oil company Petrobras (PETR4.SA) said it has yet to decide when and how to proceed with the proposed sale of its stake in the petrochemicals producer. Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that it is still conducting studies on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about a possible offer of preferred shares of Braskem in the first quarter of 2022, clarifies that, as disclosed on June 8, August 9, 20 and 30, October 1, November 22 and 26, its stake in Braskem is still part of the assets... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/24/2021, informs that it concluded today the sale of its total stake in nine onshore exploration and production fields, jointly called Miranga Cluster, located in the state of Bahia, to SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A. (PetroRecôncavo). After compliance... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release diclosed on 05/03/21, informs that it has concluded today the sale of the three fuel oil-fired thermal power plants located in Camaçari, in the state of Bahia (UTEs Polo Camaçari) to São Francisco Energia S.A., a subsidiary of Global Participações em Energia S.A. (GPE). After... Continue Reading →
Unions of oil workers across the country, linked to the Single Federation of Oil Tankers (FUP), held a national act of protest in front of Petrobras refineries located from north to south of Brazil, in protest against the privatization of the company's refining units. The movement began at the Landulpho Alves Refinery (RLAM), in Bahia,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/24/2021, informs that today it has completed the sale of the Landulpho Alves Refinery (RLAM) and its associated logistical assets, located in the state of Bahia, for MC Brazil Downstream Participações, a company of the Mubadala Capital group. After the fulfillment of all... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 22, 2021, informs the beginning of the binding phase regarding the sale of the totality of its stakes (100%) in the Catuá Field, belonging to Exploratory Block BC-60, located in the Campos Basin, State of Espírito Santo. Potential buyers qualified for this... Continue Reading →
Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome. In recent years, Exxon has been exiting investments worth billions of dollars in oil and gas fields in Europe, Asia and Africa as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news released in the media about the agreement with the Administrative Council for Economic Defense (CADE) for the sale of Refinery Abreu e Lima (RNEST) by the end of 2022, clarifies that, as disclosed on 08/25/2021, the interested parties declined to submit a binding proposal, which led the... Continue Reading →
