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(Reuters) - Brazilian fuel retailer Vibra Energia SA (VBBR3.SA) said on Wednesday that CEO Wilson Ferreira Junior has informed the board of directors he wants to quit the company, amid expectations he might be heading back to power giant Eletrobras (ELET6.SA). Vibra said in a securities filing that Ferreira's resignation comes as he wants to "pursue new professional... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling shareholder and minority shareholders... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos (Pemex) disclosed the names of two former managers that allegedly received bribes from the world's largest independent commodity trader, Vitol, newspaper Reforma reported on Friday, citing independent journalism organization Quinto Elemento Lab. Citing a document obtained through the Mexican transparency institute, Quinto Elemento named the two former general... Continue Reading →
(WO) Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019. Gerval Investimentos, the family office for the controlling shareholders of steelmaker Gerdau... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 07/07/2022, to finalize the analyses of the candidates for the Board of Directors nominated by the controlling shareholder: Mr. Gileno Gurjão Barreto (also nominated as Chairman of the Board); Mr. Edison Antônio Costa Britto Garcia; Mrs. Iêda Aparecida... Continue Reading →
(OEM) The board of directors of Italy’s Saipem has approved the offshore drilling contractor’s first sustainability plan, which represents an integrated strategy that combines business and financial objectives with environmental, social and governance (ESG) criteria, enabling the firm to reach net-zero by 2050. Saipem revealed on Tuesday that its board of directors, chaired by Chairman Silvia... Continue Reading →
(Reuters) - A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela's foreign crown jewel, could soon be unleashed under a proposed management shake-up by the South American country's opposition lawmakers. The revamping would come despite the company posting strong profits after two years of losses and could lead... Continue Reading →
(OEM) London-based and Oslo-listed oil and gas company Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor. Back in October 2019, the two oil and gas players entered into a sale agreement, enabling PetroNor to buy out Panoro’s interest in OML 113, including... Continue Reading →
Africa-focused Tullow Oil said on Wednesday it expected to make $200 million in free cashflow this year at an average oil price of $95 a barrel, adding that it sees no cashflow in the first half after an arbitration payment and an acquisition. Tullow said a shareholder prospectus for its planned merger with Capricorn Energy... Continue Reading →
Alberto Ferrin was nominated the new president of the oil company in the Brazil. With ExxonMobil for more than 15 years, Ferrin has held a variety of roles with the company in exploration and production around the world, including leadership positions in West Africa, Australia, the United States and Mexico. “Brazil remains a strategic country... Continue Reading →
Brazil Energy Insight 