(Reuters) - Brazilian state-run firm Petrobras (PETR4.SA) has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company must sell some of its oil refining and natural gas assets, the company said on Tuesday. The terms, signed by the company in mid-2019, were part of a broad initiative by the government of then-president... Continue Reading →
Petrobras announces termination of contract to sell LUBNOR refinery
Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcements made on 06/22/2023 and 02/08/2023, informs that the contract for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery, and its associated logistics assets, was terminated due to the lack of compliance with Conditions Precedent established therein until the Final Deadline... Continue Reading →
Vale and Petrobras can anchor demand for green hydrogen in Brazil
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
Petrobras approves Strategic Plan 2024-2028+
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
Petrobras invests in robots to automate offshore inspections
Petrobras will invest US$4 million in the acquisition of ANYbotics robots, capable of autonomous visual inspections. The data obtained from ANYmal X inspection missions will allow greater efficiency and safety in maintenance routines. Petrobras will receive six ANYmal X units in 2024 for testing and development at its facilities. “Petrobras hopes to qualify ANYmal X... Continue Reading →
Ibama to Rule if Petrobras Can Drill in the Equatorial Margin by Early 2024
(Reuters) Brazil's environment protection agency Ibama is expected to decide by early next year if state-run oil company Petrobras PETR4.SA can drill near the mouth of the Amazon River, Ibama's president Rodrigo Agostinho said on Wednesday. The area is part of Brazil's Equatorial Margin, which Petrobras considers its most promising new frontier for oil and... Continue Reading →
Shearwater, Petrobras Team Up to ‘Reshape’ Seismic Exploration
(OE) Brazilian oil company Petrobras and Norwegian marine seismic services firm Shearwater have entered into a collaborative technology agreement aiming to reshape seismic exploration and field developments. This multi-year strategic partnership is set to evolve the seismic industry to new levels of performance, Shearwater said Wednesday. Central to this endeavor is Shearwater’s marine vibrator, with... Continue Reading →
Petrobras on payment of remuneration to shareholders
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 08/03/2023, informs that it has paid today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount distributed today is R$ 0.209176 per common and preferred share in the form of dividends and R$ 0.365476 per... Continue Reading →
Petrobras CEO replacement being discussed by Brazil officials, sources say
(Reuters) -Officials in the Brazilian government have been discussing a possible replacement of the CEO of state-run oil company Petrobras, as they are unhappy with the firm's direction, two sources with knowledge of the matter told Reuters. President Luiz Inacio Lula da Silva has shown dissatisfaction with certain actions taken by CEO Jean Paul Prates.... Continue Reading →
Petrobras on update of the value per share of dividends and interest on equity for 3Q23
Petróleo Brasileiro S.A – Petrobras, following the Material Fact of 11/09/2023, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the balance sheet as of September 30,... Continue Reading →