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Petróleo Brasileiro S.A. – Petrobras, regarding the news in the media about the Shareholder Remuneration Policy ("Policy"), approved by the Board of Directors in 2019 and improved in 2020 and 2021, clarifies that the payment of extraordinary dividends is provided for in the Policy. In addition, the Company does not take on debt to pay... Continue Reading →
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva may have to wait months to implement his plans for state-run oil company Petrobras, as the chief executive appointed by the current government aims to finish his term in April, people familiar with his plans said. Until then, CEO Caio Paes de Andrade, installed by President... Continue Reading →
(Reuters) - Brazil's incoming leftist government will not have an interventionist stance on state-run oil giant Petrobras (PETR4.SA), a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Thursday. Senator Jean Paul Prates told reporters that the future administration had no intention of causing a "breakdown" of the company and that... Continue Reading →
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company. Lula, who takes office on Jan. 1, has already signaled plans for a dramatic overhaul of... Continue Reading →
Wind turbine maker Siemens Gamesa has appointed Christian Bruch, who is President and Chief Executive Officer of Siemens Energy AG and member of Siemens Gamesa’s Board of Directors, as its new non-executive Chairman. Born in 1970 in Düsseldorf, Germany, Bruch holds a doctorate in engineering from the Swiss Institute of Technology Zurich (ETH), Switzerland. He... Continue Reading →
(Reuters) - Under pressure to increase production, Mexico's state oil company Pemex has risked fines for violations that cause environmental damage rather than delay output to fix the underlying issues, according to two senior company sources. The decision by Pemex to opt for fines instead of repairs represents a major blow to the oil regulator's... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered. Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion) or 3.56 reais a... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will distribute dividends of around 43.68 billion reais ($8.5 billion), the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.3489 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Italy-headquartered Prysmian Group has been awarded a contract by Réseau de Transport d’Électricité (RTE) to provide power grid asset management services for Saint-Nazaire, Fécamp, and Calvados wind farms offshore France. Under the contract, Prysmian Group will provide inspection, maintenance, and repair services for the submarine export cable links connecting the three offshore wind farms near the... Continue Reading →
Brazil Energy Insight 