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Brazilian oil giant Petrobras will concentrate its European commercial activities in Rotterdam. This will result in the transfer of Petrobras Europe Ltd.’s commercial activities from London, England to Petrobras Global Trading B.V. in Rotterdam. The change will start in the next quarter and must be completed by the second half of 2021. The focus on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, as sole shareholder, it approved today the reduction of share capital of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), in the amount of R$ 557,020,835.82, in an Extraordinary General Meeting of Transpetro.The capital reduction was made at book value, with no change in the number of shares, through... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received, as of today, the amount of R$ 232.6 million, as a result of a leniency agreement entered into between the Federal Prosecutor's Office (MPF) and Vitol Inc. and Vitol do Brasil Ltda. (Vitol), on 12/03/2020. Thus, the total amount of funds returned to the company as... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it presented today a request for arbitration with an indemnity claim estimated at approximately R$ 800 million, against Odebrecht S.A., based on the shareholders' agreement regarding Braskem, for violations of its terms.Braskem is not part of this arbitration, which is protected by confidentiality.
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on December 18, 2020, informs that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the financial settlement of the early redemption of the 3.750% Global Notes, 5.375% Global Notes and 8.375% Global Notes, maturing in 2021, and of the 6.125% Global Notes... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Petrorecôncavo S.A. a contract for the assignment of its entire stake in 12 onshore exploration and production fields, denominated Remanso Cluster, located in the state of Bahia. The sale value is US$ 30 million, being (i) US$ 4 million paid on the present date;... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 4, 2020, informs the beginning of the non-binding phase, referring to the sale of all of its stakes in a set of 28 onshore production field concessions, with integrated facilities, located in the Recôncavo and Tucano Basins, in different municipalities of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on December 18, 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio) signed today with the company RP Participações em Biocombustíveis S.A. a contract for the sale of all its shares (50% of the company's capital) issued by BSBios Indústria e Comércio... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press releases disclosed on 11/19/2019 and 11/18/2020 informs that it has concluded today the sale of the totality of its stake in Liquigás Distribuidora S.A. (Liquigás) to Copagaz - Distribuidora de Gás S.A. (Copagaz) and Nacional Gás Butano Distribuidora Ltda. (Nacional Gás). After fulfilling all the... Continue Reading →
Petrobras will take over the operation of block FZA-M-59, in the Foz do Amazonas Basin, and will be the main operator responsible for the areas contracted in deep waters in the region in 2013, in the 11th round. The information is from the National Agency of Petroleum, Gas and Biofuels (ANP), which approved the change... Continue Reading →
Brazil Energy Insight 