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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/11/2021, informs that it has today finalized the sale of the shares of the company Paraná Xisto S.A (Paraná Xisto), which was formed to hold the Shale Industrialization Unit (SIX), located in São Mateus do Sul, Paraná, to Forbes Resources Brazil Holding S.A.... Continue Reading →
(epbr) Petrobras to invest again is one of the main promises of Luiz Inácio Lula da Silva for his third term as President of the Republic. The government program states that the state-owned company must be an integrated energy company, focusing on the energy transition. -- For that, Petrobras would need to develop new projects... Continue Reading →
(Reuters) - Asia's largest oil and gas producer PetroChina Co Ltd reported a 60% year-on-year rise in nine-month net profit to record highs, lifted by stronger global energy prices, even as weaker domestic fuel consumption continued to drag on earnings. Net profit for the January to September period reached 120.3 billion yuan ($16.66 billion), the... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
(Reuters) Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production. Construction work on the facility, to be located on public land near the Berbice river, is expected to begin by the first half... Continue Reading →
(Reuters) Ecuador is planning to offer, most likely in 2024, blocks for offshore exploration and production of natural gas at the Gulf of Guayaquil, following auctions for onshore areas to be completed next year, Energy Minister Xavier Vera said on Monday. Vera expects to greenlight a proposal in the coming months once blocks are defined... Continue Reading →
(PN) The decision on who will run the country for the next four years will be decided on the 30th. With 99.90% of the votes counted, former president Luiz Inácio Lula da Silva (PT) has 48.41% of the valid votes, against 43.22% of his opponent, the incumbent president Jair Bolsonaro. The counting of votes showed... Continue Reading →
Presidential campaign rhetoric raises fears of return to failed policies (U) Brazilian politicians have a long track record of meddling in the country’s oil and gas sector, particularly on the thorny topic of fuel prices. And with Brazil's presidential elections just around the corner, there are fears that a change in government will bring a... Continue Reading →
(Bloomberg) -- Next week’s elections in Brazil pose a challenge to Petrobras investors. Former President Luiz Inacio Lula da Silva, the front-runner, has vowed to use the company as a vehicle for national development. Incumbent Jair Bolsonaro, who’s fighting for a come-from-behind upset, is proposing the complete opposite, with plans to privatize the state-run giant.... Continue Reading →
(Reuters) - Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken over sales of almost all Venezuela's exports of petroleum coke, a move that could reduce sanctions risks for clients, according to documents and four sources close to the decision. The Geneva-based company has boosted exports and customers since signing a commercial pact with... Continue Reading →
