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(Reuters) - Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA (PRIO3.SA)for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday. The value of PetroRio's bids was not immediately clear, but Petrobras said in September that "the offers may exceed $4 billion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/29/2021, informs that today it concluded the sale of its stakes of 20% in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A., respectively.... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 10/07/2021, about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that its Executive Board concluded the analysis of the proposals received and, yesterday, it approved the start of the negotiation phase with the consortia led by... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, informs the market and its shareholders that the consortiums in which it participates have been chosen to begin exclusive negotiations of the final terms of the Sales and Purchase Agreements and other transaction documents in the divestment... Continue Reading →
The pre salt Buzios field produced 709,697 Mboe/d (one thousand barrels of oil equivalent per day) in September, with 566,196 Mbbl/d of oil and 22,815 MMm3 of natural gas. As of this month, the field's production began to be assigned to two separate contracts, one for transfer of rights and the other for sharing, arising... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that, due to news released in the media recently, consulted its controlling shareholder on the existence of information to be disclosed to the market in accordance with the CVM Resolution 44/2021. In communication received on 11/03/2021, the Ministry of Mines and Energy (MME) responded to the consultation stating that... Continue Reading →
Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, had previously been extended through to mid-November... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 1, 2015, informs that it has returned to the membership of the Brazilian Institute of Corporate Governance (IBGC). Petrobras was a member of IBGC from 2002 to 2015 and its return to the membership was possible due to several improvements and governance... Continue Reading →
Petróleo Brasileiro SA – Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive prices... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro said on Monday that dealing with high fuel prices in the country is his top priority right now, adding that he sees the privatization of state-run oil company Petrobras (PETR4.SA) as an "ideal" move. Bolsonaro told reporters during a visit to Anguillara Veneta, in Italy, that he was "unofficially" told that... Continue Reading →
Brazil Energy Insight 