Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved yesterday, May 15, 2023, the commercial strategy to define Petrobras' diesel and gasoline prices, replacing the pricing policy for gasoline and diesel commercialized by its refineries. The commercial strategy uses market references such as: (a) the customer's alternative cost, as the value to be... Continue Reading →
Petrobras on payment of dividends
Petróleo Brasileiro S.A. – Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay, on Friday, 05/19/2023, the first installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to the Material Fact released on that date. The... Continue Reading →
Petrobras on Braskem
Petróleo Brasileiro S.A. - Petrobras informs that it is not structuring any sale operation in the private market and that no decision has been made by the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem mentioned in the article. In this sense, the... Continue Reading →
Petrobras to discuss fuel pricing policy change this week
(Reuters) - Brazilian state-run oil giant Petrobras (PETR4.SA) is moving closer to making changes to its fuel pricing policy and executives are set meet this week to analyze a new model. Petrobras said in a statement on Sunday it was "internally discussing making changes to its pricing policy for diesel and gasoline, which will be analyzed by... Continue Reading →
Shell and Petrobras book Noble’s drillships
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →
Petrobras on Bahia Terra production
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, and 05/05/2023, informs that it has obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production from four more facilities in the Bahia Terra Cluster (Água de Taquipe Treatment and Injection Station, Fazenda... Continue Reading →
Petrobras Financial Performance in 1Q23 – Message from CEO
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
Petrobras on remuneration to shareholders
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 1.893577 per outstanding common and preferred share, as anticipation for 2023, declared based on the balance sheet of March 31, 2023. Additionally, the BoD determined that the... Continue Reading →
EXCLUSIVE: Oaktree enters the dispute for Ocyan, Novonor’s oil and gas arm
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
MODEC to Deliver Highly Complex FPSO for Equinor’s $9B Project Offshore Brazil
(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →