Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the dismissal of Roberto Furian Ardenghy from the position of Institutional Relations and Sustainability Officer, as of 12/15/2021. Rafael Chaves Santos was elected for this position and will take office on 12/16/2021. Rafael Chaves Santos is an engineer,... Continue Reading →
Petrobras signs contract for the sale of SIX
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Forbes & Manhattan Resources Inc. (F&M Resources), a wholly owned subsidiary of Forbes & Manhattan Inc. (F&M), a contract for the sale of the shares of the company that will own the Shale Industrialization Unit (SIX), located in São Mateus do Sul/PR. The sale... Continue Reading →
SBM Offshore Revises Revenue Guidance on FPSO JV Deferral
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture. The Dutch company, which supplies floating oil and gas production vessels, now predicts 2021 revenues of "above" $2.3 billion, from around $2.6 billion previously. SBM said... Continue Reading →
Petrobras on new Ombudsman
Petróleo Brasileiro S.A. – Petrobras informs that on 11/12/2021 the term of the Ombudsman Mário Vinicius Claussen Spinelli, who held the position since November 2015, will end. Petrobras' Board of Directors approved the nomination of Luiz Cristiano Oliveira de Andrade to take over as Ombudsman, starting as of 11/13/2021, for a three-year term, with the... Continue Reading →
Petrobras Taps PXGEO for OBN Survey Offshore Brazil
Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil. PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022. The contract will last for around three months. In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in... Continue Reading →
Petrobras concludes the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/27/2021, informs that it concluded today the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP, which is backed by Denham... Continue Reading →
Pre-salt and the New Gas Law are growth opportunities for the Brazilian pipeline sector
The pipeline sector has great potential for expansion with the opening of the natural gas market and greater pre-salt production, in addition to being a transport alternative that allows the movement of large volumes of fuel with lower gas emissions. The president of the IBP, Eberaldo de Almeida Neto, highlighted that Petrobras' divestments in the... Continue Reading →
Petrobras and Shell are also qualified for the Second Round of the Transfer of Rights
The ANP published today the names of two more companies qualified for the Second Round of Bidding for Excess Volumes of the Transfer of Rights: Petrobras and Shell Brasil Petróleo SA. Both were approved at a meeting of the Special Tender Commission (CEL). There are ten companies eligible for bidding: Chevron Brasil Óleo e Gás... Continue Reading →
Petrobras on Relevant Shareholding Position
Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Resolution no. 44 of 08/23/21, informs that it was notified by Capital Research Global Investors (CRGI), an independent investment division of Capital Research and Management Company, that it sold preferred shares issued by the Company, and that on 11/05/21, it began to manage... Continue Reading →
Brazil’s Bolsonaro says Petrobras pricing policy “unfortunately” independent
(Reuters) - Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the firm. "We know about inflation, the rise in fuel prices. We know about Petrobras. The company is independent unfortunately, independent. And we're looking for a way... Continue Reading →