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Aug 12 (Reuters) - Braskem, Latin America's largest petrochemical firm, is in advanced talks for a potential out-of-court restructuring that could be filed as early as this month, two people familiar with the matter said on Wednesday The company is grappling with over $10 billion in debt across operations in Brazil, Europe and the U.S.... Continue Reading →
July 23 (oilprice.com) TotalEnergies’ adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by... Continue Reading →
Rio de Janeiro, June 23, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX), with the purpose of establishing strategic and technical cooperation for the assessment, development and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the... Continue Reading →
June 12 (Reuters) - Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme involving a criminal gang designated by the U.S. as a terrorist organization, according to a person close to the matter and documents seen by Reuters. One major supplier was Riograndense, a refinery in... Continue Reading →
June 3 (Reuters) - Private equity management firm IG4 Capital and Brazilian state-run oil company Petrobras on Wednesday became the co-controllers of petrochemical firm Braskem, completing a deal signed in April, IG4 said in a statement. Under the new ownership structure, IG4, through investment fund Shine, will hold 50.1% of Braskem's voting shares, it said. Petrobras will... Continue Reading →
April 23, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcement of April 20, 2026, informs that it has sent a notification to Novonor S.A. – Em Recuperação Judicial (“Novonor”), formally stating its decision not to exercise the Preemptive and Tag Along Rights provided for in the current Braskem S.A. (“Braskem”) Shareholders’ Agreement.... Continue Reading →
Rio de Janeiro, April 20, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcements of December 15, 2025, and February 12, 2026, informs that it has been notified by Novonor S.A. – Em Recuperação Judicial (“Novonor”), by NSP Investimentos S.A. (“NSP Inv.”), a subsidiary of Novonor, and by “Shine I Fundo de... Continue Reading →
April 13, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcement of October 25, 2024, informs that its Board of Directors has approved the resumption of construction of the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas (MS). The decision is based on a thorough reassessment of the project, aligned with the... Continue Reading →
April 2 (Reuters) - Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with looming interest payments on its debt. The petrochemical producer, with operations in Brazil, the U.S., and Mexico, is considering whether to seek an injunction to avoid a painful... Continue Reading →
March 6 (Reuters) - The general superintendence of Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem from conglomerate Novonor, a regulatory document showed. The agreement, which had been announced by the companies in December, was approved by the superintendence without restrictions,... Continue Reading →
Brazil Energy Insight 