Petrobras Concludes Divestment of Onshore Fields in Ceará
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 14 August 2020, informs that it has concluded today the sale of all its stakes in the onshore fields...
Petrobras Inks New Addendum with Bolivia’s YPFB
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 24 May 2022, has celebrated a new addendum to the natural gas purchase contract with Yacimientos Petrolíferos Fiscales Bolivianos...
Petrobras Announces Commencement of SIP Deal with Petrogal Brasil
(Petrobras, 1.Aug.2022) — Petrobras, following up on the release disclosed on 30 Sep. 2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The...
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Petrobras Reports Solid 2Q:22 Results [PDF Downloads]
(Petrobras, 29.Jul.2022) — Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the company, which is...
Fact Box: Petrobras’ Growth vs Sustaining CAPEX
(Petrobras, 28.Jul.2022) — Petrobras’ growth CAPEX corresponded to 64% of total capex in 2Q:22. Growth CAPEX are those with the primary objective of increasing the capacity of existing assets, deploying...
Petrobras on Shareholder Remuneration Policy
(Petrobras, 28.Jul.2022) — Petrobras, following up on the press release disclosed today, informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount...
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the...
NRGBriefs: FPSO Brazil Congress 2022 in Rio de Janeiro
(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including the government of the Brazilian state of Ceara teaming up with Enel Green Power Brasil to study the potential for development of...
Petrobras Receives Letter from Economy Ministry about Dividends
(Petrobras, 25.Jul.2022) — Petrobras, regarding the news published in the media, confirms that it received, on 06/22/2022, a letter from the Special Secretary of the Treasury and Budget of the...
![Petrobras Releases 2Q:22 Production and Sales Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/07/brazil_2q22-sales-and-production-report.jpg)
Petrobras Releases 2Q:22 Production and Sales Report [PDF Download]
(Petrobras, 21.Jul.2022) — In 2Q22, we (Petrobras) delivered an operating performance fully in line with the company's plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1%...
NRGBriefs: Bristow Inks 1.6bn 10-year Deal
(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG)...
Petrobras on Payment of Shareholders Remuneration
(Petrobras, 20.Jul.2022) — Petrobras, following up on the releases disclosed on 5 May 2022 and 20 June 2022, informs that it is carrying out today the payment of the 2nd...
NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay
(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host...
NRGBriefs: Fitch Upgrades Petrobras’ Credit Rating; Vista’s Earnings
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Fitch upgrading Petrobras’ credit rating; and Vista Energy, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) planning to release its consolidated financial statements...
Equinor Restarts Peregrino Field Production
(Equinor, 19.Jul.2022) — Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020....
Petrobras’ BODs Validates CELEG Analysis
(Petrobras, 18.Jul.2022) — Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for...
Petrobras Comments on Manifestation of the Eligibility Committee
(Petrobras, 13.Jul.2022) — Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 7 July 2022, to finalize the analyses of the candidates for the Board of...
Petrobras Announces Expiration Results of Cash Tender Offers
(Petrobras, 13.Jul.2022) — Petróleo Brasileiro S.A. (Petrobras) (NYSE: PBR) announced the expiration and expiration date results of the previously announced cash tender offers (each, an “Offer” and collectively, the “Offers”)...
Petrobras Starts Non-binding Phase for UEG Araucária S.A. (UEGA)
(Petrobras, 12.Jul.2022) — Petrobras, following up on the release disclosed on 3 June 2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in...
Petrobras Committed to the Practice of Competitive Prices
(Petrobras, 12.Jul.2022) — Petrobras, regarding the news published in the media about its frequency of readjustments in fuel prices, clarifies that, in 2022, it carried out an increase and a...
NRGBriefs: UEG Araucária Fact Sheet; BW Energy Stock Trades
(Energy Analytics Institute, 11.Jul.2022) — Energy briefs including details related to UEG Araucária S.A. (UEGA), a partnership between Petrobras, Copel and Copel Geração e Transmissão. LATIN AMERICA AND THE CARIBBEAN...
Petrobras Completes DST at Alto de Cabo Frio Central Block
(Petrobras, 11.Jul.2022) — Petrobras, following up on the release disclosed on 1 April 2022, has completed a Drill Stem Test (DST) on the 1-BRSA-1383A-RJS wildcat well (Alto de Cabo Frio...
Petrobras Finalizes Gaspetro Divestment
(Petrobras, 11.Jul.2022) — Petrobras, following up on the releases disclosed on 28 July 2021 and 22 June 2022, informs that it has today finalized the sale of 51% of Petrobras...
Petrobras Inks $1.25bn Loan Linked to Sustainability
(Petrobras, 11.Jul.2022) — Petrobras signed on 8 July 22 a credit line with sustainability commitments (Sustainability-Linked Loan - SLL) in the amount of $1.25bn and maturity in July 2027. The...
Petrobras to Host 2Q:22 Results Calls
(Petrobras, 7.Jul.2022) — Petrobras informs that it will release its 2Q22 Production and Sales Report on 21 July 2022 and its 2Q22 Financial Performance Report on 28 July 2022, both...
MAN Technology for Offshore Gas Production in Brazil
(MAN Energy, 7.Jul.2022) — MAN Energy Solutions has received an order to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil. Yinson,...
Petrobras Commences Cash Tender Offers [PDF Download]
(Petrobras, 6.Jul.2022) — Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively,...
Petrobras Entrusts Tenaris with Supply of casing for Buzios Pre-salt Project
(Tenaris, 6.Jul.2022) — Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project. Located in the Pre-salt...
Petrobras on Divestment of Stake in Deten
(Petrobras, 5.Jul.2022) — Petrobras, following up on the release disclosed on 04/28/02, informs that it has today finalized the sale of its entire interest (27.88%) in Deten Química S.A., located...
Extending Drilling Capacity in Brazil with Valaris DS-17
(Equinor, 5.Jul.2022) — On behalf of the Bacalhau licence partners, Equinor Brazil has awarded Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, a...
TechnipFMC Inks $1bn FEED Contract with Equinor for BM-C-33 Project in Brazil
(TechnipFMC, 5.Jul.2022) — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA, for an integrated Front End Engineering and...
NRGBriefs: SEOGS 2022 Kicks Off; Petrobras CEO Takes Office
(Energy Analytics Institute, 28.Jun.2022) — Energy briefs including new Petrobras CEO Caio Mário Paes de Andrade starting his new job in Rio de Janeiro; and the opening of the 2nd...
Petrobras Teasers for Divestment of Refining and Logistics Assets
(Petrobras, 27.Jun.2022) — Petrobras, following up on the releases disclosed on 8 February 2021, 25 August 2021, and 1 October 2021, restarted the processes for the sale of Refinaria Abreu...
Petrobras BODs Names Caio Mário Paes de Andrade as CEO
(Petrobras, 27.Jun.2022) — Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras' Director until the...
Petrobras Elects New CEO as Fuel Price Pressures Mount
(Reuters, 27.Jun.2022) — The board of directors of Brazil's Petrobras elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run...
Saipem to Sale FPSO Cidade de Vitória for $73mn to BW Energy
(Saipem, 27.Jun.2022) — Saipem and BW Energy signed a Memorandum of Agreement (MoA) for the sale of the FPSO Cidade de Vitoria, currently owned by Saipem and operated for Petrobras...
Petrobras Board to Discuss Selection of Caio Mário Paes de Andrade as Next CEO
(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on 27 June 2022, in the morning, to deliberate on...
BW Energy Inks Deal for Golfinho Field FPSO Cidade de Vitoria
(BW Energy, 24.Jun.2022) — BW Energy signed an agreement to acquire the FPSO Cidade de Vitoria, currently producing on the Golfinho field, from Saipem for a cash consideration of $73mn....
Petrobras to Divest E&P assets in the Espírito Santo Basin
(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed on 23 June 2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for...
NRGBriefs: BW Energy Inks $75mn Deal with Petrobras for Offshore Clusters
(Energy Analytics Institute, 23.Jun.2022) — Energy briefs including Oslo-based BW Energy signing an agreement to acquire an 100% operated working interest in the Golfinho and Camarupim clusters and a 65%...
Petrobras’s Best Solution for Markets May Be Worst for Politicians
(Dow Jones, 23.Jun.2022) — Privatizing Petroleo Brasileiro SA, or Petrobras, is likely the best solution to rid Brazil's state-owned oil giant of political interference. It is also a longshot, according...
BW Energy’s Offer for Golfinho and Camarupim Clusters Approved by Petrobras
(BW Energy, 23.Jun.2022) — BW Energy has been notified that the company’s offer to acquire the Golfinho and Camarupim Clusters offshore Brazil has been approved by the Petrobras Executive Board....
Petrobras on Gaspetro Sale
(Petrobras, 22.Jun.2022) — Petrobras, following up on the release disclosed on 07/28/2021, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved...
Fernando Borges Named as Petrobras Interim CEO
(Petrobras, 20.Jun.2022) — Petrobras, following up on the material facts disclosed today, informs that due to the vacancy in the CEO position, the Chairman of the Board of Directors has...
Petrobras Maintains Commitment to Competitive Fuel Prices, Balanced Market
(Petrobras, 14.Jun.2022) — Petrobras, regarding the news published in the media about expectations of new readjustments in fuel prices, maintains its commitment to the practice of competitive prices and in...
Petrobras Inks Agreement for Feasibility of Biomethane Production
(Petrobras, 14.Jun.2022) — Petrobras and Raízen signed an agreement to jointly evaluate potential businesses involving the production, purchase and sale of biomethane, a 100% renewable fuel produced by Raízen from...
NRGBriefs: Atlas Expands Wind Portfolio in Brazil
(Energy Analytics Institute, 14.Jun.2022) — Energy briefs including Atlas Renewable Energy expanding its wind portfolio by acquiring a project from Voltalia in Brazil; Kootenay Silver (TSXV: KTN) announcing JV operator Aztec Minerals Corp. (TSXV:...
Atlas Broadens Market Offering With Wind Project in Brazil
(Atlas, 14.Jun.2022) — Atlas Renewable Energy, an international renewable energy generator, acquired a wind project in the Brazilian state of Minas Gerais from the French energy producer and provider Voltalia. The...
Petrobras Inks Natural Gas Protocol of Intentions
(Petrobras, 13.Jun.2022) — Petrobras and the Sergipe Government signed today a protocol of intentions to identify business opportunities with the use of natural gas, considering the development by the company...
Petrobras on Injunction to Suspend Bahia Terra Cluster Sale
(Petrobras, 10.Jun.2022) — Petrobras was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of...
Petrobras on BODs Meeting About CEO
(Petrobras, 9.Jun.2022) — Petrobras, regarding the news published in the media, clarifies that, yesterday, there was a meeting of the Board of Directors (BD), in which, among other topics, the...
Petrobras on Letter from the Ministry of Mines and Energy
(Petrobras, 9.Jun.2022) — Petrobras informs that it received a letter from the Ministry of Mines and Energy today, at 8:04 pm, in reference to Petrobras' Extraordinary General Meeting, indicating ten...
Canadian Solar Sells to SPIC Brasil 70% Stake in 738 MWp Solar Projects
(Canadian Solar, 6.Jun.2022) — Canadian Solar Inc. (NASDAQ: CSIQ) signed an agreement with SPIC Brasil, a leading power generation company in Brazil, to sell 70% stake in the company's 738 MWp solar...
Petrobras on Divestment of Interest in UEG Araucária S.A.
(Petrobras, 3.Jun.2022) — Petrobras has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná....
Petrobras Launches New Website Dedicated to Fuel Prices
(Petrobras, 1.Jun.2022) — Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the...
Petrobras to Acquire Edison S.p.A.’s Interest in Ibiritermo S.A. for R$1.00
(Petrobras, 1.Jun.2022) — Petrobras signed a contract for the purchase of Edison S.p.A.'s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion...
Petrobras Reveals Teaser for UFN III Divestment
(Petrobras, 31.May.2022) — Petrobras, following up on the release disclosed on 04/28/2022, informs it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit...
Brazil Looks to Add Petrobras to Investment Partnership Program
(Petrobras, 30.May.2022) — Petrobras received a letter on 30 May 2022 from the Ministry of Mines and Energy notifying that it has forwarded to the Ministry of Economy (ME) request...
Subsea 7 Awarded Contract Offshore Brazil
(Subsea 7, 26.May.2022) — Subsea 7 announced the award of a major(1) contract by Petrobras for the development of the Búzios 8 field located approximately 180 kilometres off the coast of...
Petrobras Inks Deal for the Divestment of the LUBNOR Refinery
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor...
Petrobras Board Deliberates About CEO, Board Changes
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 23 May 2022, regarding the Ministry of Mines and Energy's Official Letter requesting the convening of an Extraordinary General...
Petrobras on Request Regarding Caio Mario Paes de Andrade
(Petrobras, 23.May.2022) — Petrobras received today a letter from the Ministry of Mines and Energy, requesting measures in order to call an Extraordinary General Meeting, with the purpose of promoting...
Shell, Brazil’s Açu Partner to Build Green Hydrogen Plant
(Reuters, 19.May.2022) — Shell and Brazil's Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of...
Petrobras Announces Diesel Spill at Presidente Bernardes Refinery
(Petrobras, 17.May.2022) — Petrobras announces there was a diesel oil spill followed by a fire at the Presidente Bernardes Refinery (RPBC), located in the city of Cubatão, in the state...
Shell Joins Exxon With $1 Billion Brazil Exploration Setback
(Bloomberg, 16.May.2022) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a...
Bolsonaro Hints at Change in Petrobras’ Profit Distribution
(Reuters, 16.May.2022) — Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras' profit policy, cutting the percentage distributed to shareholders, as he looks to curb...
Petrobras Ends Competitive Process for Sergipe-Alagoas Basin Concessions
(Petrobras, 13.May.2022) — Petrobras, following up on the release disclosed on 07/20/2018, informs that it has decided to conclude the current competitive process, which was in the binding phase, for...
CADE Approves Petrobras’ Sale of REMAN to Ream Participações S.A.
(Petrobras, 13.May.2022) — Petrobras, following up on the release disclosed on 03/10/2022, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the...
Braskem Reports 1Q:22 Recurring EBITDA of $920mn
(Braskem, 12.May.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q22. 1Q22 HIGHLIGHTS CONSOLIDATED In 1Q22, the company's Recurring EBITDA was US$920mn, 19% lower than...
Great Panther Reports 1Q:22 Financials for Brazilian, Mexican Mines
(Great Panther, 12.May.2022) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) announces consolidated financial results for the three months ended 31 March 2022, from its three wholly-owned mines: the Tucano...
Bolsonaro Replaces Energy Chief After Brazil Fuel Price Hike
(Bloomberg, 11.May.2022) — Brazilian President Jair Bolsonaro replaced his Energy Minister just days after state-run Petroleo Brasileiro SA ignored his plea to not raise fuel prices, which has become a...
Brazil’s New Energy Minister Wants Studies on Petrobras Privatization
(Reuters, 11.May.2022) — Brazil's newly appointed mines and energy minister, Adolfo Sachsida, said on Wednesday he will request studies on Petrobras' privatization as his first act in office. "I request...
Petrobras to Build New Diesel Hydrotreating Unit
(Reuters, 11.May.2022) — Brazilian state-run oil company Petrobras said on Wednesday it has signed a deal with TSE and Toyo Engineering Corp to build a new diesel hydrotreating unit at...
Maersk Drilling Secures Extension for Mærsk Developer in Brazil
(Maersk Drilling, 10.May.2022) — Karoon Energy Ltd has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of...
Petrobras Concludes Divestment of Potiguar Basin E&P Asset
(Petrobras, 10.May.2022) — Petrobras, following up on the release disclosed on 27 December 2021, finalized the sale, together with Sonangol Hidrocarbonetos Brasil Ltda., of all the stakes held by both...