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TechnipFMC is selling 7.6 million Technip Energies shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares in the sale is set at €11.15 per share, yielding total gross proceeds of €196.2 million. Upon completion of the sale, TechnipFMC retains a direct stake... Continue Reading →
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
(PetroNoticias) The future owner of the Landulpho Alves Refinery (RLAM) will be called Acelen. The new company was created by the Mubadala Capital fund, which signed a refinery acquisition contract with Petrobras in March, and is expected to take over the asset when the purchase process is completed, which is subject to some precedent conditions,... Continue Reading →
(PetroNoticias) The Administrative Council for Economic Defense (CADE) approved the sale of Petrobras' 62.5% stake in the Papa-Terra field to 3R Petroleum. The $105.6 million transaction was announced in July this year. Of the total, US$ 6 million were paid in cash, while another US$ 9.6 million will be paid when the deal is closed.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, following up on the releases disclosed on June 8, 2021, August 9 and August 20, 2021, it maintains its position of seeking the full sale of its interest in Braskem and is monitoring the process of divestment of the stake held by Novonor. As part of its active... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2019, informs that it signed today a contract for the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP. The sale... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 26 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that it has received binding offers... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the interested parties in the sale process of the Abreu e Lima Refinery (RNEST) formally declined to submit a binding proposal for the purchase of the refinery. Therefore, the Company is carrying out the internal procedures to end the sale process underway and will evaluate its next steps.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with the company Ream Participações S.A., a corporate company owned by the partners of Atem's Distribuidora de Petróleo S.A. (Atem), a contract to sell the shares of the company that will own the Isaac Sabbá Refinery (REMAN) and its associated logistics assets, in the state... Continue Reading →
(Reuters) - Venezuela's socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks to mend ties with creditors, four people familiar with the operation said. Such debt-for-equity swaps are common in corporate bankruptcy proceedings and have... Continue Reading →
Brazil Energy Insight 