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December 11, 2019 Petrobras President Roberto Castello Branco said Wednesday that the company wants to make an initial IPO of Gaspetro in the second half of 2020. The oil company has a commitment to Cade to leave the natural gas distribution segment. According to Castello Branco, however, there is resistance from Mitsui to be the... Continue Reading →
Petrobras held, on Monday (December 09, 2019), the opening of the 6th "Compliance in Petrobras", at the company's headquarters in Rio de Janeiro. The meeting, held on the International Anti-Corruption Day, was an opportunity to present Petrobras' advances and challenges in combating fraud and corruption, as well as to exchange experiences with professionals specializing in... Continue Reading →
Dec 09, 2019 Petrobras will send letters of apology to about 2,000 employees who have been investigated for possible involvement in corruption schemes following the Lava Jato operation, state oil company president Roberto Castello Branco said on Monday. During his speech at a compliance event at the company's headquarters, the executive stressed that internal investigations... Continue Reading →
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company’s stake in petrochemical company Braskem SA within a year. At the London leg of an international investor roadshow, top Petrobras officials presented plans to sell tens of billions of dollars in assets to reduce... Continue Reading →
Dec 6, 2019 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter. Asked if the firm would match a pledge similar to Spanish energy group Repsol's this week... Continue Reading →
Dec 5, 2019 Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's majority stake in the Papa-Terra... Continue Reading →
Petroleo Brasileiro SA plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, Chief Executive Officer Roberto Castello Branco said. The plan is a major shift for the state-controlled oil producer that had kept payouts to investors at or close to the... Continue Reading →
“Petrobras Day” on the New York Stock Exchange (NYSE), an event where investors had the opportunity to learn about the company's future plans. President Roberto Castello Branco rang the bell that symbolizes the opening of the trading session, a moment that is granted to special guests. Also present were directors Carlos Alberto Pereira de Oliveira,... Continue Reading →
Oil and natural gas producer China National Offshore Oil Corporation (CNOOC) has promoted its executive director and president to the position of the chief executive officer (CEO). CNOOC said that its executive director and president Xu Keqiang was appointed as the CEO of the company with effect from November 19. Continue reading
Nov 11, 2019 Petrobras plans to put into operation a total of 10 FPSO’S in the giant Buzios field in the Santos Basin pre-salt by the end of the next decade, including the four already in production. With only four platforms in operation, with 150,000 barrels of oil per day of capacity each, Petrobras has... Continue Reading →
Brazil Energy Insight 