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(Bloomberg) -- A new competitor has entered the race for a majority stake in Latin America’s leading petrochemical company Braskem. A third company is carrying out due diligence on the company, Chief Financial Officer Pedro Freitas said on a conference call with analysts on Tuesday, without disclosing the potential bidder’s name. Petrobras, the petrochemical’s second-biggest... Continue Reading →
(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab may soon move a drilling rig out of the Potiguar Basin due to lack of permits for more wells, Chief Exploration and Production Officer Joelson Mendes said on Wednesday. Petrobras has drilled one well at Potiguar, and is in the process of drilling a second one,... Continue Reading →
(PN) The director of Exploration and Production at Petrobras, Joelson Mendes, said that the resilience and competitiveness of the company's portfolio of E&P areas, depending on the production profile, is more efficient due to the technological solutions developed to reduce emissions . Joelson participated in the “Global Competitiveness of Latin American Upstream” panel at CERAWeek,... Continue Reading →
(OE) MAN Energy Solutions has been hired to supply 11 RB-type compressor trains for MODEC’s floating production storage and offloading (FPSO) unit that will be deployed at the Raia project, in the Campos Basin, offshore Brazil. The order’s substantial value marks it as the largest single order ever received at MAN Energy Solutions Switzerland, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 03/13/2024, informs that it will pay today the second installment of dividends relating to the balance sheet of September 30, 2023. The gross amount to be distributed today is R$ 0.68864344 per common and preferred share, in the form of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding with Mitsui & Co. (Brasil) S.A. for a non-binding assessment of low-carbon business opportunities in Brazil. The agreement was signed during CERAWeek, a global energy conference being held in Houston, USA. The partnership involves evaluating potential opportunities for the production of... Continue Reading →
(Reuters) Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and as already disclosed on March 12 and March 15, reaffirms that the statement that there was any promise to pay extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024 (Deep Dive) held by the company... Continue Reading →
(Bloomberg) -- Inside Brazil’s presidential palace, angst is mounting as the economy sputters along, churning out tepid growth figures month after month. President Luiz Inacio Lula da Silva is ratcheting up the pressure on his top aides to boost spending, gin up faster growth and turn around his sinking approval ratings. This, people close to... Continue Reading →
