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(Splash) Brazilian offshore drilling player Petroserv Marine is set to be acquired by a consortium of financial investors. A special purpose vehicle PS Marine Holding will take over all Petroserv’s assets via a share purchase of its subsidiary, Universal Energy Resources for an undisclosed sum. Founded in 1972, Petroserv currently owns and operates a fleet... Continue Reading →
(Reuters) - Two Brazilian cabinet members said on Monday that a proposed extra dividend suddenly axed by state-run Petrobras (PETR4.SA), opens new tab would be kept in a reserve for future disbursement - keeping alive investor hopes that they would gain expected returns. On Thursday, Petrobras Chief Executive Jean Paul Prates proposed to the oil company's board... Continue Reading →
(Bloomberg) -- President Luiz Inacio Lula da Silva will demand that Petrobras’ chief executive officer explain his handling of a dividends crisis that wiped out $11 billion of the state-owned oil company’s market value last week, as well as its plans to accelerate investment projects he considers essential to boost Brazil’s economy. Lula is holding... Continue Reading →
(Reuters) - Brazil's government will push state-run oil company Petrobras (PETR4.SA), opens new tab to reinvest cash set aside for dividends, two sources told Reuters, after its board spiked an extra dividend, blindsiding investors that sent shares plunging 10% on Friday. Petrobras CEO Jean Paul Prates spent over two hours on an earnings call trying to ease... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the submission to the Annual General Assembly (AGM), scheduled for April 25, 2024, of the proposed distribution of dividends equivalent to R$ 14.2 billion. If approved by the AGM, considering the dividends anticipated by the Company throughout... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that its Governance and Compliance Department has concluded the investigation into possible interference by two of its directors in the processing of the procedure that led to the signing of the tolling contract with Unigel and has concluded that there is no confirmation of irregularities in this regard. This... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcements of 02/15/2022, 06/26/2023, 06/28/2023 and 11/13/2023, informs that, on March 1, 2024, the Federal Supreme Court ("STF") closed the trial, held in virtual plenary, of the process in which the Minimum Remuneration by Level and Regime (RMNR) is discussed. The 1st Panel of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, clarifies that the signing of the tolling contract with Unigel complied with the company's governance system and all the relevant procedures, including the limit of competence laid down in the internal rules in force for the approval of service contracts. The value of... Continue Reading →
(OE) Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE. The partners will now jointly forge ahead with the delivery of these flagship projects. RWE, with a 51% stake, will lead development, construction and operation throughout... Continue Reading →
Brazil Energy Insight 