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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/27/2021, informs that today it finalized the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all the stakes held by both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the state of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Monday, 05/16/2022, complementary dividends referred to the 2021 fiscal year, based on shareholding position as of 04/13/2022, in connection to the Material Fact released on that date. The amount of dividends to be paid will be adjusted by Selic interest rate from 12/31/2021 to 05/16/2022,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/11/2022, informs that today it started the binding phase regarding the sale of its total participation in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe. Potential buyers qualified for this phase will receive a process letter with... Continue Reading →
(Reuters) - A joint venture formed by Canada-based firms CGX Energy (OYL.V) and Frontera Energy (FEC.TO) on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate. "The joint venture encountered hydrocarbons in multiple zones," the companies said in a press release, following completion of drilling activities at... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras said on Monday it would raise diesel prices by 8.9%, a move that will test the patience of President Jair Bolsonaro, who exhorted the firm last week not to lift them further. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said itwould raise refinery gate diesel prices... Continue Reading →
A setback in a process for contracting rigid risers by Petrobras. The company announced this week that it has canceled the contracting of Engineering, Procurement, Construction and Installation (EPCI) services for subsea rigid lines (SURF). The pipelines would be used in the initiative called “WAG Full Field of the Tupi Field” by Petrobras, which consists... Continue Reading →
(PN) Petrobras' exploratory program for the remainder of the year will have at least three more new wells drilled. The new wells will be drilled in the Andura and Joelho prospects, in the Espírito Santo Basin, and Morfo, in Foz do Amazonas. The company's exploratory program in Brazil includes eight wells throughout the year. Of... Continue Reading →
A new way of thinking about technology and doing business with service providers has enabled Petrobras to increase the efficiency and rate of penetration of its drill bits, a Petrobras official said at OTC on Monday. Along the way, Petrobras official Adriano Gouveia Lima Gomes dos Passos said that his company worked with its suppliers to... Continue Reading →
(Reuters) - Executives at Petrobras said on Friday the Brazilian state-run oil firm would stick to market-oriented fuel pricing policies, after President Jair Bolsonaro criticized the company for making billions in profits while Brazilians felt pain at the pump. Chief Executive José Mauro Coelho said the company would plow ahead with its refinery divestment program,... Continue Reading →
(PN) Petrobras' board of directors held a conference call with investors to detail the financial results for the first quarter. During the call, one of the main novelties was the signaling that the company may disclose some line of business focused on energy transition in its next strategic plan, which should be ready at the... Continue Reading →
Brazil Energy Insight 