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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Wednesday its board of directors had approved the early departure of chief executive officer Caio Paes de Andrade, which will take effect immediately. Reuters had first reported on Tuesday, citing sources, that Andrade had informed the board of directors of his resignation, ahead of the end of his... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44 and Brazilian Law No. 6,404, informs its investors and the market in general that, at a meeting held on January 3, 2023, the Board of Directors decided to reorganize the Company's Statutory Board of... Continue Reading →
(Reuters) The chief executive of Brazilian oil company Petrobras, Caio Paes de Andrade, has informed the board of directors of his resignation, two sources with knowledge of the matter told Reuters on Tuesday. The resignation comes shortly after the country's mines and energy ministry said it would formally appoint Senator Jean Paul Prates to head... Continue Reading →
(Bloomberg) — Brazilian assets tumbled on the first session of 2023 as traders digested plans by President Luiz Inacio Lula da Silva to use state-owned companies to drive economic growth. Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 a.m. At... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media, clarifies that it has not yet been formally communicated of the nomination of Mr. Jean Paul Prates for the Presidency of the Company. Following the usual procedures for nominating the Company's managers, the nominee's name must go through Petrobras' internal governance... Continue Reading →
(Reuters) - The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras (PETR4.SA) suggests President-elect Luiz Inacio Lula da Silva wants the state-run firm to pivot to more renewable energy projects. Since 2019, Petroleo Brasileiro SA has doubled down on deep, and ultra deep-water exploration and production, while also selling off less productive assets... Continue Reading →
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, the head of oil workers' union FUP, revealed Lula's choice on social media minutes... Continue Reading →
(Bloomberg) -- Petrobras’s new management should carry out a two-month review of the oil giant’s business plan to bring it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s wider policy goals, according recommendations from Lula’s transition team. The energy experts who worked on Lula’s transition concluded that Petrobras’s existing $78 billion five-year... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/03/2022, informs that it has carried out today the payment of the 1st installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on that date. The gross amount distributed today corresponds to dividends of R$ 1,67445... Continue Reading →
(OE) Singapore's Keppel Offshore & Marine (KOM) has reached a joint resolution with the authorities in Brazil, in relation to the corrupt payments made by a former agent of Keppel Offshore & Marine in Brazil, which was previously announced in December 2017. Back in December 2017, Keppel Offshore % Marine, reached a global resolution with... Continue Reading →
Brazil Energy Insight 