Petrobras on letter from the Ministry of Mines and Energy for the development of the Brazilian Equatorial Margin

Petróleo Brasileiro S.A. – Petrobras informs that it has received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy ("MME") requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources ("IBAMA"),... Continue Reading →

Petrobras on Braskem

Petróleo Brasileiro S.A. – Petrobras informs that it has received a letter from Apollo Management X, L.P. ("Apollo") and ADNOC International Limited ("ADNOC") with information about the non-binding proposal for the acquisition of Novonor S.A.'s interest in Braskem. The information was forwarded to Petrobras due to the fact that the Company is Braskem's second largest... Continue Reading →

Lula’s coalition roiled by decision to block Petrobras’ Amazon project

(Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near... Continue Reading →

Blog at WordPress.com.

Up ↑