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Petróleo Brasileiro S.A - Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on June 27, 2022, in the morning, to deliberate on the appointment of Mr. Caio Mário Paes de Andrade as a Member of the Board of Directors of Petrobras and his election as President... Continue Reading →
(Reuters) - Brazilian oil giant Petrobras' eligibility committee on Friday gave the go-ahead for the government's pick to be nominated as the next chief executive. The approval puts former Economy Ministry official Caio Paes de Andrade on the doorstep of the CEO position a month after he was initially chosen. He still needs to be... Continue Reading →
(Reuters) - Italy's Saipem (SPMI.MI) said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its finances... 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 the Novo Mercado Regulation, informs its investors and the market in general that the Board of Directors, at a meeting held on June 22, 2022, decided on the organizational restructuring of the Company,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact released on 06/09/2022, informs that it received a letter from the Ministry of Mines and Energy today, at 9:21 pm, to rectify the nominations of candidates of the controlling shareholder for the Company's Board of Directors, to be submitted to the Extraordinary General Meeting.... Continue Reading →
(Reuters) Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January. The move is part of a plan to get the group back into the... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro on Wednesday said Caio Paes de Andrade, his pick to be oil producer Petrobras' (PETR4.SA) next chief executive, will replace the company's management when he takes over the position. "Obviously, he (Andrade) is going to change his directors and these new ones will give the company a new dynamic, they will... Continue Reading →
(Reuters) - The sudden resignation of Petrobras' CEO may speed up the accession of a government-backed candidate to the top job, four sources said, an appointment seen aimed at giving the state a greater say over fuel pricing in Latin America's No. 1 economy. On Monday, Petrobras (PETR4.SA) announced that Jose Mauro Coelho was stepping down as... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians following a fuel price hike last week, with a high-ranking company insider quickly tapped to replace him on an interim basis. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said in a... Continue Reading →
(Reuters) - Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal, state-owned Refineria di Kòrsou (RdK) said on Sunday. Curacao's 330,000-barrel per day Isla refinery was idled in 2018 amid a payment dispute between then-operator Petroleos de Venezuela (PDVSA) and U.S. oil company... Continue Reading →
Brazil Energy Insight 