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(PN) The court of the Administrative Council for Economic Defense (CADE) gave the green light for the sale of Lubrificantes e Derivados de Petróleo do Nordeste (Lubnor), in Ceará, to Grepar. The transaction was unanimously approved and the process was reported by board member Lenisa Rodrigues (photo). However, the plant will be sold through a... Continue Reading →
(Reuters) Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared. Shares in the company have climbed more than 50% so far this year to historic highs,... Continue Reading →
(TN) In the coming years, Rio Grande do Norte should become one of the main locations for the study and development of technologies aimed at installing offshore wind farms in the country. The statement was made by the president of Petrobras, Jean Paul Prates, during a press conference held to detail how the company will... Continue Reading →
SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a... Continue Reading →
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases. The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil, located 180 kilometers offshore Rio de Janeiro. SBM Offshore has a contract... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on 03/01/2023, 04/27/2023 and 06/12/2023, informs that today it has paid 2nd installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by the Selic interest rate from 12/31/2022 until today, based... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that there is no decision from the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem. Petrobras is currently developing analyses to define the best alternative for executing its... Continue Reading →
(Bloomberg) -- Petroleo Brasileiro SA is not considering proposing an offer to buy out Brazilian petrochemical maker Braskem SA, according to people familiar with the matter. The government-owned oil producer known as Petrobras, which holds a 36.1% stake of Braskem, is not planning to pose an offer to acquire the remaining stake in the company... Continue Reading →
(Reuters) Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects, especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday. The company aims to boost output to more than 500,000 barrels of oil equivalent per day (boed)... Continue Reading →
(PH) Angelica Ruiz took charge of bp in Brazil just three months ago, but she already has a lot of work ahead of her. The executive, who accumulates the position of VP of Latin America, has the challenge of leading the operation of a company that, present in the country since 1957, operates in the... Continue Reading →
