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Petróleo Brasileiro S.A. – Petrobras informs that it has approved a Clawback Policy, in compliance with the regulation of the Securities and Exchange Commission and the rule issued under the Manual for Companies Listed on the New York Stock Exchange ("NYSE Clawback Rules"), also applicable to Brazilian issuers that have sponsored American Depositary Receipt (ADR)... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for October 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.502 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.543 million barrels per day (MMbbl/d) were extracted, a reduction of 3.5% compared to the previous month... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting held yesterday (11/30) deliberated and approved, by majority, the following. EXTRAORDINARY GENERAL MEETING Reform of Petrobras' Bylaws and consequent consolidation of the Bylaws, in order to amend articles 22, 23, 25, 28, 29, 30, 34, 36, 40, 43 and 56 in accordance with the... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement. A majority of that spending, about $4.8 billion, will go toward keeping production between 725,000 and 730,000 boepd, the company's refineries at between 420,000... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras” or “Company”) informs that it was notified of the decision made by the Minister Rapporteur of the Federal Court of Auditors (“TCU”) within the scope of the process TC 037.414/2023-2, regarding the Extraordinary General Meeting (“AGE”) for changes to its Bylaws (“Bylaws”). The Minister Rapporteur of the TCU, following the... Continue Reading →
(OE) Floating platform developer Gazelle Wind Power has appointed clean energy finance industry expert Álvaro Ortega as Chief Financial Officer (CFO). Ortega is the former Vice President of Finance at Avangrid Inc., a publicly traded company on the NY Stock Exchange and the U.S. subsidiary of global energy leader Iberdrola. “Finding someone with a track record like Álvaro’s is... Continue Reading →
(Reuters) - BP's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. The oil company has been in turmoil since... Continue Reading →
Germany's top utility RWE will raise investments in green energy technologies to 55 billion euros ($60.21 billion) over the next seven years, it said on Tuesday ahead of its capital markets day. "Thanks to our significant financial headroom, our attractive project pipeline and our extensive expertise, we are in an excellent position to continue to... Continue Reading →
(Reuters) - Brazilian energy company Eneva (ENEV3.SA) has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia (VBBR3.SA), the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra's board of directors proposing the stock-for-stock merger of equals, which it dubbed a "unique opportunity for both companies and... Continue Reading →
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
