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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on September 29 and December 8, 2021, informs that its Board of Directors approved the allocation of R$ 270 million that will be used throughout 2022 in the social program of access to cooking gas cylinders (liquefied petroleum gas - LPG) for vulnerable families.... Continue Reading →
(Reuters) - A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co (JPM.N) by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law enforcement officials. Previously unreported invoices related to... Continue Reading →
An improper closure of a valve in the submerged part of the export pipeline stopped production in the Manati Field, located in the Camamu Basin. The incident happened last Friday but was only communicated to the market today by Enauta, one of the companies that are part of the consortium that produces in the area.... Continue Reading →
Offshore drilling contractor Valaris has appointed Anton Dibowitz as President and Chief Executive Officer, effective immediately. Anton Dibowitz, who has been serving as interim President and CEO of Valaris since 3 September 2021 is also a member of the company’s board of directors. “Anton has done a tremendous job leading Valaris over the past three... Continue Reading →
FAR, an Australian oil and gas company that began drilling at the Bambo-1 exploratory well in Block A2 off the coast of The Gambia last month, said Monday the well had encountered oil traces but would have to be plugged and side-tracked after drilling was temporarily halted due to significant fluid losses. "FAR advises that the Bambo-1... Continue Reading →
(WO) Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant. In Pemex’s first C-suite shift under the current administration, the Mexican producer named risk management chief Antonio Lopez Velarde its chief financial officer, replacing Alberto Velazquez Garcia, who will run a new... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today, for the fifth time in a row, it received the certification in the Governance Indicator of the Secretariat for Coordination and Governance of State-Owned Companies (IG-Sest), of the Ministry of the Economy, achieving classification in the indicator's best level - Level 1, which shows the company's degree... Continue Reading →
TotalEnergies EP Brasil will have a new General Director as of December. The Brazilian subsidiary will be headed by Charles Fernandes, who occupied the same position in the Netherlands. Philippe Blanchard, General Director in Brazil since 2018, will assume the direction of TotalEnergies Suriname. Charles is Brazilian and started his career at the French company... Continue Reading →
(PetroleoHoje) Petrobras will invest US$ 5.5 billion in the Exploration segment in the five-year period 2022-2026, maintaining its focus on the Southeastern basins and on the Equatorial Margin. The figure represents only 10% of the total amount allocated to the E&P area of US$ 57.3 billion. Petrobras plans to drill 70 exploratory wells over the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the revision of the Shareholder Remuneration Policy (Dividend Policy). The enhancement of the Dividend Policy has become important because of the anticipated achievement of the target of gross debt below US$ 60 billion in the 3rd quarter of... Continue Reading →
Brazil Energy Insight 