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Petróleo Brasileiro S.A – Petrobras, in continuity with the Material Fact disclosed on November 28, 2023, informs that it formalized with the Administrative Council for Economic Defense (CADE), on May 17, 2024, proposals for amendments to the Terms of Cessation Commitment (TCCs) previously established. The aim of these amendments is to adapt the obligations originally... Continue Reading →
(Reuters) - Spanish renewable energy giant Iberdrola set out plans on Thursday to invest 41 billion euros ($44.83 billion) over the next three years, focusing on power grids like Italian rival Enel as the industry seeks better returns. The new plan builds on the strategic shift Iberdrola announced in 2022, when it said it would be taking... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts/Communications published on 03/07/2024, 04/25/2024, 05/02/2024 and 05/15/2024, informs that will pay today the first installment of dividends relating to the balance sheet of December 31, 2023. The gross amount to be distributed today, in the form of dividends, is R$1.45670449 per ordinary and preferred... Continue Reading →
(OilPrice.com) Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA (Petrobras), pushing her to accelerate investments in refineries and natural gas expansion, according to anonymous sources who spoke to Bloomberg. This leadership change follows Lula's dismissal of former CEO Jean Paul Prates amid dissatisfaction with... Continue Reading →
(OE) Hy2gen USA, the U.S. subsidiary of German-based green hydrogen producer Hy2gen, and Ocean Connect Energy (OCE) have signed a memorandum of understanding (MoU) to jointly investigate the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favorable locations to power... Continue Reading →
(OE) French seismic company CGG has changed its name to Viridien. At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien. “Our new name, Viridien, connects our company’s history to our future, confidently positioning us for accelerated growth as an advanced technology,... Continue Reading →
(Reuters) - French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased, outweighing higher hydropower output. The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest and tax (EBIT), excluding... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts published on 03/07/2024, 04/25/2024 and 05/02/2024, informs that will pay on 05/20/2024 the first installment of dividends relating to the balance sheet of December 31, 2023. Dividends calculated in accordance with the Shareholder Remuneration Policy formula will be paid based on the shareholder position... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts disclosed on 05/14/2024 and 05/15/2024, clarifies that the appointment of Ms. Magda Maria de Regina Chambriard to the positions of CEO of the company and member of the Board of Directors of Petrobras, within the company's governance process, will undergo analysis of the integrity... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuation of the Material Facts disclosed on 05/14/2024, informs that its Board of Directors, in a meeting held today, approved the early termination of Mr. Jean Paul Prates' mandate as CEO of Petrobras through negotiation, with effects from this date. With the termination of his mandate as CEO of... Continue Reading →
Brazil Energy Insight 