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(Reuters) - Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline and diesel prices in line with its international... Continue Reading →
The ANP will carry out on October 7th, from 9 am, the 17th Round of Bidding Blocks for exploration and production of oil and natural gas. 92 blocks will be offered, located in 11 sectors with high potential and new frontiers in four Brazilian offshore sedimentary basins: Campos, Pelotas, Potiguar and Santos. Due to the... Continue Reading →
(PetroleoHoje) Petrobras chartered the PLSV Sapura Topázio, from Seabras Sapura, for a period of 1,275 days (about three and a half years) on a day rate basis, with a minimum execution period of 1,095 days. The contract is expected to start on June 30, 2022, and is expected to end on June 29, 2025. The... Continue Reading →
(Reuters) - The first stock offering for the divestment of stakes by shareholders in Braskem should take place in the fourth quarter and could reach 9 billion reais, according to three people with knowledge of the matter. Novonor (formerly Odebrecht), creditor banks and Petrobras are discussing a plan to sell the company in several equity... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro said on Thursday that profits from state-run oil firm Petrobras (PETR4.SA) could be used to alleviate rising fuel prices in the country, among possibilities for confronting higher prices. Fuel prices have become a hot-button issue in Brazil as inflation soars. Recent CEOs of Petrobras have been forced out over price hikes.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that, as disclosed on September 29, 2021, the allocation of R$ 300 million, over a period of 15 months, was approved for the creation of a social program to support families in situations of social vulnerability to contribute with access to essential inputs, with a focus on liquefied petroleum... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/19/2021, informs that it has finalized without success the negotiations with Ultrapar Participações S.A. (Ultrapar) for the sale of Alberto Pasqualini Refinery (REFAP), in Rio Grande do Sul. Despite the efforts made by both companies in this process, certain critical conditions were not... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media about the project to divest the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that it has received binding offers from the consortia PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum for the acquisition of the fields. Such offers could exceed... Continue Reading →
The National Agency of Petroleum, Natural Gas and Biofuels - ANP published today, September 29, 2021, ANP Resolution No. 854, of September 27, 2021, which regulates the procedures for the presentation of financial guarantees and term to ensure the resources for the decommissioning of production facilities in oil and natural gas fields.The presentation of financial... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on September 24, 2021, informs that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the settlement of the early redemption of the 4.375% Global Notes e 4.25% Global Notes, both maturing in 2021. The total amount of the redemption was equivalent to... Continue Reading →
Brazil Energy Insight 