Petróleo Brasileiro S.A. - Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy (Policy) applicable to the company and its equity holdings. "The Policy reiterates Petrobras' commitment to ensure that tax management, which covers taxes and governmental holdings, is... Continue Reading →
Brazilian ex-senator takes over as Petrobras CEO; shares fall
(Reuters) - The board of directors of Petrobras (PETR4.SA) on Thursday approved former Senator Jean Paul Prates as the firm's chief executive, marking a strategic shift for the state-run Brazilian oil company. A longtime energy consultant-turned-politician, Prates was tapped for the top Petrobras job by President Luiz Inacio Lula da Silva and is expected to oversee a strategic shift... Continue Reading →
Petrobras approves election of CEO
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras' Director, until the next General Shareholders' Meeting and elected him as the company's CEO, the latter with a mandate until 04/13/2023, the same term of office of the other members... Continue Reading →
Petrobras on manifestation of the Eligibility Committee
January 24, 2023 - Petróleo Brasileiro S.A. - Petrobras informs that the Eligibility Committee (CELEG) met on this date to analyze the nomination of Mr. Jean Paul Prates for the positions of Director and CEO of Petrobras based on the company's governance rules and applicable legislation. The manifestation of CELEG will be reported to Petrobras'... Continue Reading →
Brazil’s Petrobras hikes gasoline prices ahead of board vote on Lula’s CEO pick
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) on Tuesday announced it would increase refinery gate gasoline prices, as its board of directors prepares to vote on President Luiz Inacio Lula da Silva's pick for the chief executive role. In a statement on its website, Petroleo Brasileiro SA said it would hike gasoline prices by an average... Continue Reading →
Eni CEO Descalzi Set for Record for Fourth Term
(Reuters) The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters. Another three years in office would make Descalzi, who has held the job since 2014, the longest-serving company head at the state-controlled group... Continue Reading →
Petroecuador workers end protest, no impacts on production
(Reuters) - Ecuador's state oil company Petroecuador said on Friday that union workers had ended a three-day protest in Quito after reaching an agreement with the government over improved salaries. The company's workers began the protest on Wednesday to demand compliance with a judicial ruling that required workers' salaries to be brought in line with one another.... Continue Reading →
Next Petrobras CEO sounds out Lula’s party for management picks, sources say
(Reuters) - Brazilian Senator Jean Paul Prates, nominated by President Luiz Inacio Lula da Silva to head state-run oil company Petrobras (PETR4.SA), has been meeting with members of his Workers Party to confirm decisions about the new senior management for the company, four sources familiar with the matter said. The meetings highlight that the leftist party,... Continue Reading →
Havfram Subsea Reclaims Ocean Installer Name after Offshore Wind Business Sold
(OE) Offshore construction company Havfram Subsea said Thursday it was taking back its Ocean Installer name. The company's subsea business was known as Ocean Installer from the company's inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry. The relaunch follows last year's announcement of the sale of Havfram's wind business lines. ... Continue Reading →
Swift Anchors Looking to Expand Engineering Team
Swift Anchors, a UK-based company that develops anchoring solutions for the global offshore energy (floating wind, floating solar, tidal and wave) and aquaculture industries, is looking for new engineers to join its team. The company said that the need to has been spurred by its current work program and a growing commercial interest in its... Continue Reading →
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