Category: Petrobras

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast.  "We may need oil from the Equatorial Margin on... Continue Reading →

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Petrobras signs agreement with TotalEnergies and Casa dos Ventos to evaluate renewable energy opportunities

Petróleo Brasileiro S.A. – Petrobras informs that on Thursday (September 14) it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate renewable energy projects in Brazil. The aim is to develop joint studies to study business opportunities in onshore wind, offshore wind, solar and low-carbon hydrogen in the country, using... Continue Reading →

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Petrobras on RNEST

Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 06/29/2023, the company decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery - RNEST, after a decision based on a careful reassessment of the RNEST Project which,... Continue Reading →

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Oil firm Petrobras plans to become Brazil’s top wind power developer

 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will present on Wednesday new initiatives aiming to make the company the country's biggest developer of wind energy. Chief Executive Jean Paul Prates and Mauricio Tolmasquim, Petrobras' head of energy transition and sustainability, will present the initiatives, the company said in a statement on Tuesday. Tolmasquim told reporters earlier... Continue Reading →

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