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Petróleo Brasileiro S.A. – Petrobras, in continuation of the statement released on 06/10/2022, informs that a decision was rendered by the Court of appeal of the State of Rio de Janeiro overturning the previous ruling that granted an injunction that freezed the contractual negotiations with the consortium of companies Petroreconcavo and Eneva concerning to the... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered. Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion) or 3.56 reais a... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will distribute dividends of around 43.68 billion reais ($8.5 billion), the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.3489 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been re-approved as an official rig supplier and will be invited to participate in Petrobras’ upcoming rig tenders. This announcement comes after the drilling contractor confirmed in mid-September 2022 the activation on the Euronext N-OTC list, explaining that the listing was the first step toward a public listing of the company... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received, over the last quarter, the devolution of about R$ 439 million, recovered through leniency agreements with Camargo Corrêa, Novonor S.A. (formerly known as Odebrecht S.A.) and SBM, as well as Pedro Barusco's collaboration agreement. With these devolutions, the total amount of funds transferred to Petrobras' coffers... Continue Reading →
(Bloomberg) -- Investors are closely watching whom Brazilian President-elect Luiz Inacio Lula da Silva will pick to lead Petroleo Brasileiro SA to gauge how much its business strategy will change under the new, more left-wing administration. Lula, a former president who oversaw Petrobras’s expansion into the famed pre-salt region that now delivers about 70% of... Continue Reading →
(epbr) Petrobras to invest again is one of the main promises of Luiz Inácio Lula da Silva for his third term as President of the Republic. The government program states that the state-owned company must be an integrated energy company, focusing on the energy transition. -- For that, Petrobras would need to develop new projects... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras hereby informs that, today, was released notice to the market regarding the public offering of real state receivables certificates (the CRI), up to 3 (three) series, comprising the 1st , 2nd and 3rd series of the 67th issuance of Opea Securitizadora S.A. (the Securitizadora), backed by book-entry commercial notes of... Continue Reading →
Brazil Energy Insight 