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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 →
(Reuters) - The chief executive of Brazil'sstate-run oil company Petrobras (PETR4.SA)resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA), Jose Mauro Coelho, may resign on Monday as he faces mounting pressure from top politicians after a new fuel price hike was announced last week, newspaper O Globo reported. The report mentioned board members who had spoken with Coelho during the weekend. Petroleo Brasileiro... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that it received, at 20h44min of 06.15.2022, the nomination of candidates to the Board of Directors (BD) by minority common shareholders, if the multiple vote system is adopted, for election to the Board of Directors, for the Extraordinary General Meeting to be convened by the Company, with no... Continue Reading →
Brazil Energy Insight 