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(PN) The court of the Administrative Council for Economic Defense (CADE) gave the green light for the sale of Lubrificantes e Derivados de Petróleo do Nordeste (Lubnor), in Ceará, to Grepar. The transaction was unanimously approved and the process was reported by board member Lenisa Rodrigues (photo). However, the plant will be sold through a... Continue Reading →
(OET) UK-headquartered energy giant Shell has decided to step up its decarbonization efforts by boosting its low-carbon energy solutions business with investments of $10-15 billion over the next two years. This is part of the oil major’s transformation strategy to help usher in a balanced energy transition. Shell is actively working on curbing emissions not... Continue Reading →
(PN) Petrobras' refineries operated at 95% of their total operating capacity in May. This is the company's best monthly result since July 2015. On some days, in the second half of the month, the level even exceeded 99%. The historic result was achieved even with scheduled maintenance stoppages at RPBC (Cubatão, SP), Refap (Canoas, RS),... Continue Reading →
Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →
(epbr) The Federal Audit Court (TCU) informed that it found no evidence of irregularities in the sale by Petrobras of the Shale Industrialization Unit (SIX) and of the Northeast Lubricants and Derivatives Refinery (Lubnor). Monitoring also included divestments from the Phil Project – Phase 2, which include the Gabriel Passos Refinery (Regap) and the Isaac... Continue Reading →
In 1Q23, average oil, NGL and natural gas production reached 2.68 MMboed, 1.1% higher than 4Q22, mainly due to the start of the ramp-up of P-71, in Itapu field, in Santos Basin pre-salt, the start-up of 8 new wells in Campos Basin and higher production efficiencies in the platforms. Pre-salt production reached a new monthly... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received Official Letter nr. 299/2023/GM-MME, by means of which the Ministry of Mines and Energy has requested information, based on Article 26, item II, of Decree-Law nr. 200, to assist the Civil House in the preparation of the new Growth Acceleration Program. Thus, in response to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a contract to expand and modernize units already in operation at Abreu e Lima Refinery (RNEST), in Pernambuco. After the completion of the works, expected for the fourth quarter of 2024, the refinery will have an increase in the total processing capacity of Train 1:... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green diesel (HVO), which may... Continue Reading →
(Reuters) - Mubadala Capital backed-Acelen will invest 12 billion reais ($2.44 billion) over 10 years to make "green" diesel and jet fuel in Brazil, starting in 2026, in a move that will place the company among global leaders in this segment, executives told Reuters. The new biorefinery, which the energy company plans to begin building... Continue Reading →
