Petrobras signs agreement with ArcelorMittal for studies and evaluations of low-carbon businesses

Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with the aim of studying potential mutually beneficial business models in the low carbon economy with Arcelor Mittal Brasil. The companies will seek to identify commercial opportunities and potential partnerships in Brazil that are aligned with diversification and decarbonization strategies.... Continue Reading →

New JV sets up engineering and asset integrity management firm in Guyana

(OET) Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations,... Continue Reading →

Petrobras and BNDES structure fund to support small and medium-sized technology and innovation companies

Corporate Venture Capital's investment thesis will cover businesses related to renewable and low-carbon energies Petrobras and the BNDES have begun studies to structure a Corporate Venture Capital (CVC) fund to support micro, small and medium-sized technology-based companies. In this first phase, the idea is to identify the most promising sectors for this type of investment,... Continue Reading →

Brazil’s Petrobras wants to share management of Braskem, says CEO

 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA), opens new tab wants a partner to share the management of petrochemical producer Braskem (BRKM5.SA), opens new tab, said the oil firm's Chief Executive Jean Paul Prates on Tuesday. Braskem is controlled by Novonor (ODBES.UL), formerly known as Odebrecht. In November, Abu Dhabi oil company ADNOC (ADNOC.UL) presented an offer to buy... Continue Reading →

Brazil to Reappoint Government Representatives to Petrobras Board – Sources

(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 →

Petrobras on payment of dividends

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 →

Petrobras signs agreement with ANP

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 →

Petrobras informs about contract with Unigel

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 →

3R Petroleum hires Itau BBA to help evaluate a possible merger of assets with PetroReconcavo

(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 →

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