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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt deep waters, located in the Espírito... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on June 27, 2022, in the morning, to deliberate on the appointment of Mr. Caio Mário Paes de Andrade as a Member of the Board of Directors of Petrobras and his election as President... Continue Reading →
(Reuters) - Brazilian oil giant Petrobras' eligibility committee on Friday gave the go-ahead for the government's pick to be nominated as the next chief executive. The approval puts former Economy Ministry official Caio Paes de Andrade on the doorstep of the CEO position a month after he was initially chosen. He still needs to be... Continue Reading →
Brazil’s state-owned oil and gas giant Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy, an Oslo Stock Exchange-listed oil and gas E&P company. Earlier this month, Petrobras announced that the divestment process of the maritime concession called Golfinho cluster was still in the binding phase, adding that BW Energy was... Continue Reading →
(Reuters) - Brazil's antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras' (PETR4.SA) 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is controlled by energy company Cosan (CSAN3.SA), for 2.03 billion reais ($394.15 million), according to a statement from Compass when the deal was announced last... Continue Reading →
(PN) In the midst of a turbulent week due to the change in its presidency and the rise in fuel prices, Petrobras made a new advance in its exploratory program in the Espírito Santo Basin. The company started drilling the 1-BRSA-1385-ESS well, in the ES-M-596 block, in a water depth of 2,117 meters. As already... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact released on 06/09/2022, informs that it received a letter from the Ministry of Mines and Energy today, at 9:21 pm, to rectify the nominations of candidates of the controlling shareholder for the Company's Board of Directors, to be submitted to the Extraordinary General Meeting.... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro on Wednesday said Caio Paes de Andrade, his pick to be oil producer Petrobras' (PETR4.SA) next chief executive, will replace the company's management when he takes over the position. "Obviously, he (Andrade) is going to change his directors and these new ones will give the company a new dynamic, they will... Continue Reading →
Brazilian state-controlled oil company Petrobras has bought its first cargo of Guyanese crude for refining domestically, the company told Reuters, as South America's newest producer expands its market reach. With the start of a second floating production facility in February, Guyana now sells two light and sweet oil grades with plans to pump up to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the video published in the media about the reserve for profit distribution, clarifies that the information that there is a reserve of R$ 200 billion for distribution of profits by the company is not true. The amount of R$ 208.6 billion cited in Petrobras' Individual Financial Statements... Continue Reading →
Brazil Energy Insight 