September 25, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in the Albacora and Albacora Leste concessions, located in the deep waters of the Campos Basin.. The teaser, which includes key information about the opportunity, as well... Continue Reading →
Report: Siemens’ Energy Spin-off Value Seen as Above $20B
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said. The consensus forecasts for the value of the business, which makes gas and wind turbines, is 21 billion to 22... Continue Reading →
Energy transition could force majors to sell or swap $100B in oil and gas assets
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said. Rystad said on Tuesday that oil and gas majors were revising their long-term oil price and demand outlook and that they need to streamline... Continue Reading →
Petrobras on news in the media regarding BR Distribuidora
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, reiterates that it has not yet been defined the moment to launch the secondary public offer (follow on) aimed at the sale of the entirety of its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR Distribuidora). The... Continue Reading →
Petrobras on refineries
September 21, 2020 Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, referring to the divestment of the Presidente Getúlio Vargas Refinery (Repar), clarifies that the binding stage of the competitive process counts with the participation of Ultrapar Participações S.A., the consortium led by Raízen S.A. and China Petroleum &... Continue Reading →
Petrobras on sale of fertilizer unit in Paraná
September 17, 2020 Petróleo Brasileiro S.A. – Petrobras, informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all its shares in the company Araucária Nitrogenados S.A. (ANSA), in the state of Paraná. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection... Continue Reading →
Cade approves acquisition of Polo Pescada
Sept 16, 2020 Cade approved, without restriction, the acquisition, by OP Pescada (Ouro Preto Oil & Gas subsidiary), of the 65% stake of Petrobras in Polo Pescada, which comprises the fields of Pescada, Arabaiana and Dentão, located in shallow waters of Potiguar Basin. The conclusion of the acquisition makes OP Pescada 100% holder and operator... Continue Reading →
Petrobras on E&P asset in Colômbia
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/27/2020 and 08/11/2020, informs the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. Potential buyers qualified for this phase will receive a... Continue Reading →
Petrobras on E&P assets binding phase in Espírito Santo Basin
September 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated June 10, 2020, informs the beginning of the binding phase regarding the sale of a part of its interest in the exploratory blocks, belonging to the concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11, located in the Espírito Santo Basin. Potential buyers... Continue Reading →
Petrobras starts binding phase of power generation companies
September 11, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 07/06/2020, informs the beginning of the binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (“Brasympe”), Energética Suape II S.A. (“Suape II”), Termoelétrica Potiguar S.A. (“TEP”), Companhia Energética Manauara S.A. (CEM) and... Continue Reading →