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. Election of eight (8) members of the Board of Directors of Petrobras, by cumulative vote process, as follows: Mrs. Cynthia Santana Silveira Mr. Eduardo Bacellar Leal Ferreira Mr.... Continue Reading →
Petrobras signs contract for the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2019, informs that it signed today a contract for the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP. The sale... Continue Reading →
Petrobras signs contract for the sale of the REMAN refinery
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with the company Ream Participações S.A., a corporate company owned by the partners of Atem's Distribuidora de Petróleo S.A. (Atem), a contract to sell the shares of the company that will own the Isaac Sabbá Refinery (REMAN) and its associated logistics assets, in the state... Continue Reading →
BRAZIL TO EXPAND OPEN ACREAGE PROGRAM IN THE PRE-SALT POLYGON
Brazil plans to expand the country's Open Acreage program to include exploration and production blocks within the pre-salt polygon that require production-sharing contracts in a move that could unlock the development of smaller oil and natural gas deposits said the director of exploration at the Ministry of Mines and Energy and Production, Rafael Bastos. The... Continue Reading →
U.S. to Restart Oil Leasing with Offshore Auction This Year
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed. The move comes two months after the U.S Interior Department first said it would comply with... Continue Reading →
ANP approves Karoon registration in the 17th Round
The ANP's Special Bidding Commission (CEL) approved the registration of the Australian oil company Karoon in the 17th round, scheduled to take place on 7 October. The company is the seventh approved by the agency to participate in the auction, which will offer areas in the Campos, Santos, Pelotas and Potiguar basins. -- Last week,... Continue Reading →
Petrobras receives payment of the Búzios Coparticipation Agreement
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/12/2021, informs that today it received cash payment of US$ 2.9 billion for the obligations of its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) in the Búzios Coparticipation Agreement (Agreement). With this payment, Petrobras will issue... Continue Reading →
EQUINOR IN LINE TO LICENSE OFFSHORE ARACATU WIND COMPLEX
(PetroleoHoje) IBAMA released the map showing the location of offshore wind energy generation projects that are in the licensing process. Of the 23 projects, only one belongs to an oil company. It is the Aracatu wind farm, owned by Equinor, which will have a generation capacity of 4 GW. The Aracatu I and Aracatu II... Continue Reading →
Perenco plans operating an FSO in 2022
(epbr) Perenco plans to start operating an FSO in August 2022. The unit will be anchored 2.5 km away from the PPG-1A platform, at an average depth of 93 m and 72 m away. km from the coast of the municipality of Campos dos Goytacazes. -- A 3 km long pipeline, also foreseen in the... Continue Reading →
Mexico bans Vitol, Trafigura from new oil trades on corruption allegations
(WO) Vitol Group and Trafigura Group -- both barred from new oil-trading business with Mexico’s state producer for alleged corruption -- will be subject to the ban until at least the end of 2024 while the government reviews the conduct of other commodity traders, Energy Minister Rocio Nahle said. Pemex won’t give new work to... Continue Reading →