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(PetroNoticias) The future owner of the Landulpho Alves Refinery (RLAM) will be called Acelen. The new company was created by the Mubadala Capital fund, which signed a refinery acquisition contract with Petrobras in March, and is expected to take over the asset when the purchase process is completed, which is subject to some precedent conditions,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the interested parties in the sale process of the Abreu e Lima Refinery (RNEST) formally declined to submit a binding proposal for the purchase of the refinery. Therefore, the Company is carrying out the internal procedures to end the sale process underway and will evaluate its next steps.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with the company Ream Participações S.A., a corporate company owned by the partners of Atem's Distribuidora de Petróleo S.A. (Atem), a contract to sell the shares of the company that will own the Isaac Sabbá Refinery (REMAN) and its associated logistics assets, in the state... Continue Reading →
The risk of interference in fuel prices is a factor that has delayed the sale of Petrobras refineries, says Fernando Borges, executive director of Exploration and Production at the company, in an interview with epbr. -- The executive argues that it is necessary to preserve the competitiveness of the oil and gas industry, which includes... Continue Reading →
(Reuters) - U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said. The two largest U.S. oil companies want to produce sustainable fuels without ponying up billions of... Continue Reading →
(Reuters) - Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA (PETR4.SA), according to a statement on the court's website. The TCU said it found a risk of shortages in an audit of the... Continue Reading →
The finance director of Petrobras, Rodrigo Araújo, revealed that the company received proposals with “substantially lower” values in the sale process of the Presidente Getúlio Vargas Refinery (Repar), located in Paraná. Within the company's divestment program in the refining segment, this transaction is behind in relation to other negotiations, as detailed during a virtual conference... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has celebrated a new addendum to the Term of Commitment to Cessation (TCC) signed with the Administrative Council for Economic Defense (CADE), with the purpose of extending the deadline for Petrobras to continue with the discussions for the effective conclusion of the negotiation processes and to execute... Continue Reading →
The Abreu e Lima Refinery (RNEST) begins its first scheduled maintenance shutdown since the unit began operating in 2014. Planned to meet regulatory standards, and essential for the refinery's operational safety, the shutdown will include the maintenance of practically all of the refinery's equipment, such as compressors, engines, vessels, heat exchangers, valves, reactors and others,... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) is considering permanently closing the gasoline-producing fluidic catalytic cracker (FCC) at its 112,229 barrel-per-day (bpd) Pasadena, Texas refinery as part of a possible reconfiguration of the plant, said sources familiar with the company’s deliberations. Idling the shut 52,000-bpd FCC would be part of converting the refinery on the Houston Ship Channel to... Continue Reading →
Brazil Energy Insight 