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With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
(Reuters) - Consortia led by Brazil's 3R Petroleum Oleo e Gas SA (RRRP3.SA) and private equity firm Seacrest Capital have submitted binding offers for a refinery and dozens of oilfields owned by state-run Petrobras, three people familiar with the matter told Reuters. Polo Potiguar is expected to fetch Petroleo Brasileiro SA (PETR4.SA) from several hundred million dollars to over... Continue Reading →
(PetroNoticias) 3R wants to further strengthen its position in Rio Grande do Norte. With this goal in sight, the company announced an agreement to acquire Duna Energia (formerly Central Resources) for US$ 71 million. If the acquisition is approved and carried out, 3R will gain control over the Ponta do Mel and Redonda fields, in... Continue Reading →
Amid the recent recovery in oil prices on the international market, oil companies are slowly beginning to gain confidence to move forward with new projects. In month of June, when the Brent-type barrel surpassed US$ 70 for the first time in two years, Petrobras, the Norwegian company Equinor and the Australian company Karoon have announced... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the material facts dated as 8/26/2020 and 6/11/2021, informs its shareholders and the general public that, it filed the registration statement with the Brazilian Securities Commission (CVM) on the date hereof of the secondary public offering of common shares issued by the Petrobras Distribuidora S.A. (BR) and... Continue Reading →
Chemicals group BASF put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies. BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO), previously slated for the second half of 2021, to a later point in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/05/2020, informs that it has today finalized the sale of its 50% interest in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe, to the company Centro-Oeste Óleo e Gás Ltda. After fulfilling the previous conditions, the operation... Continue Reading →
(PetroleoHoje) Six months after the binding date, Petrobras and 3R Petroleum should close, by the end of June, the divestment operation of the Papa-Terra field, located in deep waters in the Campos Basin. The terms of the asset purchase and sale contracts have already been negotiated, depending only on the seller's internal arrangements to conclude.
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 26, 2020, informs that it sent today to Petrobras Distribuidora S.A. (BR) a letter requesting cooperation to implement the secondary public offering (follow on) for the sale of its remaining 37.50% interest in the capital stock of that company whose execution will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved, on that date, the mentioned operation, by means of a secondary public... Continue Reading →
Brazil Energy Insight 