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Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. (Novonor) in the company, in accordance with the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 05/11/2023, informs that it will pay today the first installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946788 per common and preferred share, of which R$ 0.278179 per share in... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will raise gasoline and diesel prices at its refineries, it said on Tuesday, after an "abrupt" increase in global oil prices in recent weeks. The move was welcomed by investors but is likely to upset the federal government, as it is unpopular and brings renewed inflation fears just as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it is in the final phase of studies for the resumption of fertilizer production at Araucária Nitrogenados (ANSA), its subsidiary in Paraná. After finalizing the technical and economic feasibility studies, the resumption project will be submitted for approval by the company's Executive Board and Board of Directors. The... Continue Reading →
Salamander, a floating offshore wind joint venture between Ørsted, Simply Blue Group, and Subsea7, looking to develop a 100 MW floating wind farm in Scotland, has appointed Hugh Yendole as development director. Yendole has more than 25 years of experience in the wind industry, and has played a crucial role in delivering and managing multiple ground-breaking offshore and... Continue Reading →
(OE) Offshore drilling rig contractor Seadrill said Tuesday it had generated $414 million in total operating revenues, a sequential increase of $148 million, or 56%, benefitting from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3, 2023. Adjusted EBITDA nearly doubled from $85 million in the prior quarter to $159 million, or... Continue Reading →
(PN) Petrobras will have 47 projects included in the new Growth Acceleration Program (PAC), launched this Friday, in Rio de Janeiro, by President Luiz Inácio Lula da Silva. The company's investments in PAC 2023 amount to R$ 323 billion. The president of Petrobras, Jean Paul Prates, highlighted, among them, pre-salt production systems, revitalization of conventional... Continue Reading →
Hexicon, a floating wind power technology developer, has appointed Max Ek as its interim Chief Financial Officer (CFO), succeeding Anders Rössel whose departure was announced in July. Ek has during the past 2 years worked at Hexicon as Head of Business Controlling & Analysis and is very familiar with the company which gives a short... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media about its participation in Braskem, reaffirms that it is conducting due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of shares held by Novonor S.A. (Novonor) in the company, according... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is not planning to sell its 36% stake in petrochemical firm Braskem (BRKM5.SA), newspaper Valor Economico reported on Thursday, citing unnamed sources. Petrobras is one of Braskem's main shareholders alongside conglomerate Novonor (ODBES.UL), which holds a controlling stake in the firm but has sought to sell it to repay creditors... Continue Reading →
Brazil Energy Insight 