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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), communicates to its shareholders, investors and the market in general that Petróleo Brasileiro S.A. (“Petrobras”) sent a notification to the Company informing that its Board of Directors approved, on today's date, the sale to 3R Potiguar S.A. (“3R Potiguar” ), a subsidiary of the... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday it produced a record 21.2 billion liters of S-10 diesel in 2021, up 10% from a year earlier, while sales - including imported volumes - jumped 34.7% to a record 25.8 billion liters. Petroleo Brasileiro SA, as the company is formally known, said in a statement... Continue Reading →
(Reuters) Peruvian prosecutors requested on Thursday that the president and three other executives of Spanish oil firm Repsol SA's local refinery be barred from leaving Peru for 18 months while a probe into an oil leak is under way. Repsol's La Pampilla refinery, Peru's largest, leaked thousands of barrels' worth of oil off Peru's central... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
(Reuters) - Mexico's Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government's target of refining all of its oil domestically. Pemex Chief Executive Officer Octavio Romero projected that its crude exportswould fall to 435,000 barrels per day (bpd) in... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has partnered with fuel distributor Vibra Energia SA (VBBR3.SA) to test its new renewable diesel made partly from edible oils, it said in a statement on Tuesday. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said the fuel will be tested starting next month by fleet owner Auto Viacao... Continue Reading →
(Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas oil refinery in a transaction that should conclude early next year, Mexico's government said Wednesday. Mexican President Andres Manuel Lopez Obrador told a regular news conference that the U.S. government had on Tuesday approved... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company's refining director told Reuters. The tests are expected to take about six months and will be backed by a fuel distributor and a bus... Continue Reading →
(Reuters) - A sale of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas refinery to Mexican state oil company Petroleos Mexicanos has been delayed until next year, two people familiar with the matter said on Thursday. A review of the deal by U.S. Committee on Foreign Investment in the United States had been expected to wrap... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
Brazil Energy Insight 