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(Reuters) Tenaris SA , a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil's state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement and interest to... Continue Reading →
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has brought in the second of three Suezmax second-generation dynamic positioning (DP2) shuttle tankers, purpose-built for a long-term charter with Petrobras for operations in Brazil. Back in February 2020, AET inked a charter deal with Petrobras for three Suezmax DP2 shuttle tankers and the first... Continue Reading →
(Reuters) - Brazil President Jair Bolsonaro's government said it aims to include state oil company Petrobras (PETR4.SA) in its privatization program on Thursday, despite analysts calling it a long-shot for the far-right leader seeking reelection. Rather than triggering privatization in itself, the move - not final until Bolsonaro signs a decree - would enable the country's Investment... Continue Reading →
- Petróleo Brasileiro S.A. - Petrobras informs that it signed a contract for the purchase of Edison S.p.A.'s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion Contract (ECC), signed on 06/21/2002 with Ibiritermo S.A.. Additionally, at the conclusion of the transaction, Petrobras will make the payment... Continue Reading →
(PN) The market is eagerly awaiting the outcome of the Petrobras tender, which provides for the contracting of up to eight drilling rigs. The opening of the envelopes with the proposals is scheduled for June 28, after two postponements. In all, ten companies are pre-qualified to participate in the competition: Ocyan, Ventura, Constellation, Stena, Seadrill,... Continue Reading →
The Marlim field revitalization project, in the Campos Basin, has recently achieved a new milestone. The Brazilian Institute of the Environment (Ibama) issued the installation licenses for the FPSOs Anna Nery and Anita Garibaldi. Both are expected to start producing in the field in 2023. The two platforms will be connected to 77 wells, 14... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/28/2022, informs that it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit III (UFN-III). The teaser, which contains key information about the opportunity - including the provision for the buyer to commit to the completion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the parts involved in the formation of gasoline, diesel and cooking gas (LPG) prices. The new site (precos.petrobras.com.br), in addition to providing information on price... Continue Reading →
(Reuters) Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras. But it will take at least 45 to 60 days to complete the necessary procedural and bureaucratic steps to install... Continue Reading →
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said. The projects are part of Ecopetrol's plan to ramp... Continue Reading →
Brazil Energy Insight 