Petróleo Brasileiro S.A. – Petrobras informs that the company's Board of Directors, in a meeting held today, elected Joaquim Silva e Luna to the position of CEO of the company.The Board of Directors, as part of the process of composing the Petrobras´ Board of Executive Officers, also approved the following appointments: 1- Election of... Continue Reading →
Petrobras on partial devolution of area in Libra
Petróleo Brasileiro S.A. – Petrobras informs that the consortium of Libra, constituted by Petrobras (40%), in partnership with Shell Brasil Petróleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil Petróleo e Gás Ltda. (10%) and CNOOC Petroleum Brasil Ltda. (10%), having Pré-Sal Petróleo S.A. (PPSA) as contract manager, notified the National Agency of Petroleum,... Continue Reading →
EXCLUSIVE Petrobras mulls insiders to fill key management vacancies -sources
(Reuters) Incoming Petrobras CEO Joaquim Silva e Luna, an army veteran with no oil experience, has endorsed four career executives to head up key company divisions rather than bringing in more outsiders, people with knowledge of the matter said on Thursday. The board of directors of Petroleo Brasileiro SA , as Brazil's state-controlled company is... Continue Reading →
Petrobras on leasing of the LNG Regasification Terminal
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 1, 2020, informs that it published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered into... Continue Reading →
Petrobras on Annual and Extraordinary General Meetings
- Petróleo Brasileiro S.A. – Petrobras informs that the Annual and Extraordinary General Meeting, held today, exclusively under the digital format analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with... Continue Reading →
Petrobras on approval of dividend payment at Annual General Meeting
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 24, 2021, informs that, in a meeting held today, the Annual General Meeting approved the proposal for allocation of the 2020 fiscal year results forwarded by the Board of Directors, of remuneration to shareholders in the form of dividends in the amount... Continue Reading →
Petrobras confirms the holding of the Annual General Meeting
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media, informs that it became aware of an injunction decision of the Federal Regional Court of the 1st Region, issued today, which suspended, among other things, the migration of the operational management of the Petrobras health care plan for Associação Saúde Petrobras and... Continue Reading →
Exclusive: Brazil studies subsidizing domestic fuel with oil auction proceeds -source
(Reuters) - Brazil’s government is considering using some of the proceeds from an upcoming oil auction to create a fund that would protect domestic consumers from swings in fuel prices, a source with direct knowledge of the matter told Reuters. The proceeds would come from the planned November auction of the Atapu and Sepia deepwater... Continue Reading →
Petrobras on Extraordinary General Meeting
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting, held today, exclusively under the digital format, analyzed and approved, by majority vote, the following: I. Removal of Mr. Roberto da Cunha Castello Branco from the position of member of the Board of Directors of Petrobras, which, pursuant to the provisions... Continue Reading →
Shareholders in Brazil’s Petrobras pave way for new CEO in messy meeting
(Reuters) -Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important step in the government’s plan to place... Continue Reading →