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(Reuters) Brazil' state-controlled oil producer Petrobras on Wednesday disclosed a 15% increase in its five-year spending plan to $78 billion, with little change to the company's strategy of focusing on fossil fuel production. The last Petrobras business approved under President Jair Bolsonaro could be scrapped next year, as a newly elected government that takes office... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered an operational and financial performance in line with its commitment to generate value for society and shareholders and in full adherence with the 2022-2026... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/14/2020 and 06/15/2020, informs that its Executive Board has approved the termination of the competitive process for the sale of the Canoas Thermoelectric Plant (UTE Canoas). Despite the efforts made in this process, it was not possible to obtain adequate commercial conditions for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was disclosed by the Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Council approved the Deficit Equalization Plan (PED) for the year 2021 of the Renegotiated Petros Pension Plan (PPSP-R), because this plan has exceeded the legal limit of tolerance to technical deficit. The PED-2021 foresees... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/29/2021, 10/04/2021, 03/04/2022 and 11/24/2022 informs that it concluded today the assignment of 5% of its interest in the Production Sharing Contract of the Surplus Volume of the Transfer of Rights, for the Búzios field, in the pre-salt of Santos Basin, to the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/25/2021, 03/10/2022, 05/13/2022 and 08/30/2022, informs that it has today finalized the sale of the shares of Refinaria de Manaus S.A. (Manaus Refinery), which was formed to hold Refinaria Isaac Sabbá (REMAN) and its corresponding logistics assets, located in Manaus, Amazonas, to the... Continue Reading →
(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced a successful installation of the industry’s first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil – a significant achievement in downhole electric completion technology. The Halliburton Fuzion® EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton’s SmartWell® completion systems throughout the well’s lifecycle.... Continue Reading →
(Reuters) - Brazil's government-elected transition team asked state-run oil company Petrobras' (PETR4.SA) Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan so they have time to decide which asset sales would go ahead in the coming years, transition team member Mauricio Tolmasquim told Reuters on Monday. "It would be ideal to suspend everything... Continue Reading →
(Reuters) - The chief executive of Brazil's Braskem SA , Roberto Simoes, is set to leave the petrochemical producer on Jan. 1, 2023, three years after taking office, the company said on Monday. Controlling shareholder Novonor has tapped Roberto Bischoff as the firm's new CEO, Braskem added in a securities filing, noting that his nomination... Continue Reading →
(OET) Offshore accommodation provider Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. This announcement comes after the firm disclosed in October 2022 that it had submitted the most competitive offer in this bidding process. Prosafe explained last Friday that the final contract award and the start of... Continue Reading →
Brazil Energy Insight 