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(Reuters) Brazil's government will reappoint its representatives to the board of state-run oil firm Petrobras, sources said on Friday, a sign energy minister Alexandre Silveira is maintaining his influence over an administration he has criticised. Silveira is in charge of Brazil's mining and energy ministry, which controls six of the 11 seats on the board. Two sources said... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, following up on the press releases published on 11/09/2023 and 11/21/2023, informs that it will pay on 02/20/2024 the first installment of dividends and interest on capital (JCP) relating to the balance sheet of September 30, 2023, based on the shareholder position of 11/21/2023, in connection to the Material Fact... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on April 26, 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production in the Jubarte Field,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcements of 06/06/2023, 23/06/2023 and 29/12/2023, clarifies that the contract with Unigel Participações S.A. (Unigel), signed on 29/12/2023, stems from the understandings initiated on 06/06/2023 (nondisclosure agreement), and is in line with the Company's Strategic Plan 2024-2028 regarding the return to the production and sale of... Continue Reading →
(PN) 3R announced that it hired Itaú BBA as the company's financial advisor in evaluating the operation. The consultancy includes, together with internal teams and legal advisors, the evaluation of the strategy and schedule, and the analysis of the best corporate structure for implementing the potential transaction, if implemented. As a reminder, the merger proposal... Continue Reading →
(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcement made on 01/22/2024, informs that its Board of Directors has appointed Mr. Renato Campos Galuppo as a board member. The analysis and election process was submitted to the applicable governance procedures, and no impediment was found to the assumption of a management position in the Company.... Continue Reading →
SBM Offshore announces that, after 12 years as Chief Executive Officer (CEO) and Chair of the Management Board, Bruno Chabas has decided not to seek a 4th mandate at the end of his current term on 12th April 2024. The Supervisory Board has decided to appoint Øivind Tangen, currently Chief Operating Officer (COO) and member... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters. Petroleo Brasileiro is looking to buy stakes in assets that are already operational, Jean Paul Prates said... Continue Reading →
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
Brazil Energy Insight 