Brought to you by Quest Offshore & Southern Cone Consultants
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 →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters. Bidders were surprised by what they describe as... Continue Reading →
(Yahoo) Petroleos Mexicanos could end up spending about $1.6 billion to take over Royal Dutch Shell Plc’s Deer Park refinery, more than twice the price announced in May, even as its finances are so dismal the government is injecting billions of dollars into the state oil producer. Pemex, as the company is known, has requested... Continue Reading →
Unions of oil workers across the country, linked to the Single Federation of Oil Tankers (FUP), held a national act of protest in front of Petrobras refineries located from north to south of Brazil, in protest against the privatization of the company's refining units. The movement began at the Landulpho Alves Refinery (RLAM), in Bahia,... Continue Reading →
U.S. energy major ExxonMobil has finalized its corporate plans, which increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its portfolio. Exxon has also increased its annual dividend payment for the 39th consecutive year. As explained by ExxonMobil on Wednesday, the plans support... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/24/2021, informs that today it has completed the sale of the Landulpho Alves Refinery (RLAM) and its associated logistical assets, located in the state of Bahia, for MC Brazil Downstream Participações, a company of the Mubadala Capital group. After the fulfillment of all... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news released in the media about the agreement with the Administrative Council for Economic Defense (CADE) for the sale of Refinery Abreu e Lima (RNEST) by the end of 2022, clarifies that, as disclosed on 08/25/2021, the interested parties declined to submit a binding proposal, which led the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about the signing of the final transfer of the Landulpho Alves Refinery (RLAM) to Mubadala, clarifies that, as disclosed on 03/24/2021, it signed with MC Brazil Downstream Participações, a company of the Mubadala Capital group, a contract for the sale of the company's... Continue Reading →
After a failed sale attempt, Petrobras no longer intends to divest of its refining asset in Pernambuco. The Abreu e Lima Refinery (Rnest) was included in the company's Strategic investment plan for 2022-2026. According to a statement from the company, more than R$ 5 billion (US$ 1 billion) will be invested in the completion of... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras loosened its dividend policy and raised capital spending projections in a new five-year strategic plan unveiled late on Wednesday that was cheered by analysts and investors. In a securities filing, Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said it was ending its previous dividend policy, which... Continue Reading →
Brazil Energy Insight 