Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/21/2018, informs that it has finalized the transfer of rights of its 10% interest in the Lapa field to TotalEnergies. The operation, which also involves the assignment of the totality of the interest held by Petrobras Netherlands B.V. (PNBV) in Lapa Oil &... Continue Reading →
Petrobras announces redemption of two series of Notes
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 4.250% Global Notes due 2023 (“4.250% Notes”) and 4.375% Global Notes due 2023 (“4.375% Notes” and, together with the 4.250% Notes, the “Notes”). Title of SecurityCUSIPISINCommon... Continue Reading →
Petrobras signs contract for the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2019, informs that it signed today a contract for the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP. The sale... Continue Reading →
Malaysia’s Petronas posts Q2 profit amid fragile recovery in prices, demand
(Reuters) - Malaysian state energy giant Petronas (PETR.UL) announced a flip to a second-quarter profit on Friday on the back of a recovery in prices and demand, but said it will be a "long, drawn out process" before the industry returns to pre-pandemic levels. Petronas, or Petroliam Nasional Berhad, posted a post-tax profit of 9.6... Continue Reading →
PetroChina aims for even split for oil, gas, green energies by 2035
(Reuters) - PetroChina (601857.SS)aims to have oil, gas and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts toward a lower-carbon future. For PetroChina, Asia's largest oil and gas producer, natural gas currently accounts for about 47% of total output and oil... Continue Reading →
Petrobras signs contract for the sale of the REMAN refinery
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 →
Analysis: Venezuela sees refinery debt swap as model for future deals
(Reuters) - Venezuela's socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks to mend ties with creditors, four people familiar with the operation said. Such debt-for-equity swaps are common in corporate bankruptcy proceedings and have... Continue Reading →
Petrobras on payment of dividends
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact released on August 4, 2021, informs that it is making today the payment of the 1st installment of the remuneration anticipation to shareholders related to fiscal year 2021. The gross amount distributed, in the amount of R$ 21,000,003,096.30, corresponds to a gross amount of... Continue Reading →
Petrobras receives payment of the Búzios Coparticipation Agreement
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/12/2021, informs that today it received cash payment of US$ 2.9 billion for the obligations of its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) in the Búzios Coparticipation Agreement (Agreement). With this payment, Petrobras will issue... Continue Reading →
TotalEnergies Extends Maersk Drilling Rig Charter in Suriname
French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname. TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries, has now added one additional appraisal well to the... Continue Reading →
Brazil Energy Insight 