(Petrobras, 3.Apr.2024) — Petrobras, following up on the communication from 20 Mar. 2024, informs that it has received correspondence from minority shareholders holding common shares requesting the replacement of candidates for the positions of main and alternate members of the Fiscal Council (FC), for the election to be held at […]
Category: Brazil
Brazil energy
EAI’s NRGBriefs: March 2024
(Energy Analytics Institute, 31.Mar.2024) — Energy briefs as well as others related to finance and projects during Mar. 2024 including Argentine inflation reaching 13.2% in Feb. 2024 and trailing 12-month inflation reaching 276.2%; Petrobras saying it will not create a new reserve; NextDecade targeting a positive final investment decision (FID) […]
Westlawn and WAO to Buy 20% Interest in BS-4 Block in Brazil From Enauta
(Westlawn Group, 22.Mar.2024) — Westlawn Group LLC and Westlawn Americas Offshore LLC (WAO), a portfolio company of Westlawn, signed a definitive Purchase and Sale Agreement to acquire a 20% working interest in the BS-4 concession in Brazil. The working interest position, which is being acquired from the field’s operator Enauta Energia S.A., will […]
CERAWeek 2024 Boasts Delegate Attendance of 8,100+Â
(Energy Analytics Institute, 22.Mar.2024) — The CERAWeek by S&P Global, held 18-22 Mar. 2024 in Houston, Texas, boasted in attendance 8,100+ delegates (9,400+ when counting staff, vendors etc), a record compared to the prior record of 7,200+ delegates at CERAWeek 2023. CERAWeek counted on 1,400 speakers and tons of S&P […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 20.Mar.2024) — Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 03/13/2024, announced it will pay today the second installment of dividends relating to the balance sheet of 30 Sep. 2023. The gross amount to be distributed today is R$ 0.68864344 per common and preferred share, in […]
Petrobras on BODs and Fiscal Council Appointments
(Petrobras, 20.Mar.2024) — Petrobras has so far received nominations from the Federal Government (Controlling Shareholder) and Minority Shareholders for the elections to the Board of Directors and Fiscal Council, to be held at the company’s Annual General Meeting (AGM), scheduled for 25 Apr. 2024. Based on the company’s internal governance […]
Petrobras on Partnership with Mubadala Capital
(Petrobras, 15.Mar.2024) — Petrobras, following up on the release disclosed on 22 Dec. 2023, informs that it is continuing discussions with Mubadala Capital regarding the formation of a downstream partnership in Brazil, the scope of which involves evaluating the acquisition of a stake in the Mataripe S.A. Refinery (RefMat) and […]
Petrobras Clarifies News from Valor EconĂ´mico
(Petrobras, 15.Mar.2024) — Petrobras, regarding the article “Controversy puts dialogue between Petrobras and the market in check“, published in Valor EconĂ´mico this Friday, reiterates that the company did not promise or signal a direction for extraordinary dividends at an event with analysts and investors, as already disclosed in a release […]
Petrobras Clarifies News in Media About Dividends
(Petrobras, 12.Mar.2024) — Petrobras, regarding the article “Presentation to analysts in NY would have signaled payment of dividends by Petrobras”, published in Valor, clarifies that the company did not promise or signal any indication of extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024. Petrobras […]
Petrobras Clarifies Media Reports
(Petrobras, 12.Mar.2024) — Petrobras, regarding the article “Presentation to analysts in NY would have signaled payment of dividends by Petrobras”, published in Valor, clarifies that the company did not promise or signal any indication of extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024. Petrobras […]
Petrobras on Shareholder Remuneration
(Petrobras, 7.Mar.2024) — Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the submission to the Annual General Assembly (AGM), scheduled for Apr. 25, 2024, of the proposed distribution of dividends equivalent to R$ 14.2bn. If approved by the AGM, considering the dividends anticipated by […]
Petrobras Release 2023 Tax Report
(Petrobras, 7.Mar.2024) — Brazil’s state energy giant Petrobras released its tax report for the year 2023. ____________________
Petrobras Financial Performance in 4Q:23
(Petrobras, 7.Mar.2024) — Brazil’s state energy giant Petrobras released its financial results for the fourth quarter of 2023. Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced […]
Petrobras on Conclusion of Investigation into Unigel
(Petrobras, 4.Mar.2024) — Petrobras clarifies that its Governance and Compliance Department has concluded the investigation into possible interference by two of its directors in the processing of the procedure that led to the signing of the tolling contract with Unigel and has concluded that there is no confirmation of irregularities in […]
Petrobras Inks Evaluation Deal with Yara Brasil Fertilizantes
(Petrobras, 28.Feb.2024) — Petrobras signed a Memorandum of Understanding (MoU) with Yara Brasil Fertilizantes S.A. to study potential business partnerships for local initiatives in the fertilizer segment, production of industrial products and decarbonization of production. The MoU signed is of a non-binding nature and is aligned with the strategic elements […]
Petrobras and Arcelor Ink Deal Related to Low-Carbon Businesses
(Energy Analytics Institute, 26.Feb.2024) — Brazil’s state-owned Petrobras signed a Memorandum of Understanding (MOU) with Arcelor Mittal Brasil that aims to study potential mutually beneficial business models in the low carbon economy. The companies look to identify commercial opportunities and potential partnerships in Brazil that align with diversification and decarbonization […]
Petrobras on Tag-along Exercise on Stake in UEGA
(Petrobras, 23.Feb.2024) — Petrobras, following up on the release disclosed on 15 Dec. 2023, has decided to exercise the tag-along right (joint sale) for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA). The value of the transaction relating to Petrobras’ stake in UEGA […]
Petrobras and BNDES Structure Fund to support Innovation Companies
(Petrobras, 21.Feb.2024) — Petrobras and the BNDES have begun studies to structure a Corporate Venture Capital (CVC) fund to support micro, small and medium-sized technology-based companies. In this first phase, the idea is to identify the most promising sectors for this type of investment, considering themes related to the energy […]
Petrobras Makes Dividend Payment
(Petrobras, 20.Feb.2024) — Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 02/09/2024, informs that it will pay today the first installment of dividends and interest on capital (JCP) relating to the balance sheet of 30 Sep. 2023. The gross amount to be distributed today is R$ 0.68260418 […]
Model Updates on EPCI Projects, Brazil FPSOs
(Energy Analytics Institute, 15.Feb.2024) — Modec‘s profits increased significantly due to good progress in the construction work of new EPCI projects and improved asset integrity of old Brazil FPSO vessels, the company revealed 15 Feb. 2024 in its 2023 financial results analysts presentation. EPCI works recorded good progress, including FPSOs awarded […]
Petrobras on Dividend Payment
(Petrobras, 9.Feb.2024) — Petrobras, following up on the press releases published on 9 Nov. 2023 and 21 Nov. 2023, informs that it will pay on 20 Feb. 2024 the first installment of dividends and interest on capital (JCP) relating to the balance sheet of 30 Sep. 2023, based on the […]
Petrobras on BODs Received NominationsÂ
(Petrobras, 9.Feb.2024) — Petrobras confirms media reports that it has received nominations from the Ministry of Mines and Energy for election to the Board of Directors, to be held at the 2024 Annual General Meeting. The nominations will be submitted to the applicable governance assessments, including the company’s internal procedures, […]
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Petrobras Highlights 4Q:23 Production and Sales [PDF Download]
(Petrobras, 8.Feb.2024) — In 2023, Petrobras delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and natural gas, of 2.782 MMboed, was 3.7% above the production of 2022. Our good results were made possible mainly by the start-up of FPSOs Almirante […]
Petrobras Inks Deal with ANP
(Petrobras, 6.Feb.2024) — Petrobras, following up on the release disclosed on 26 Apr. 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production […]
Petrobras Informs on Earnout from SĂ©pia and Atapu
(Petrobras, 31.Jan.2024) ) — Petrobras has received, in cash, an amount of R$1.819bn, referring to the complement of the firm compensation (earnout) of the 2023, from the SĂ©pia and Atapu blocks. The amount already includes the gross-up of the taxes levied on the 28%, 21% and 21% stakes held by […]
SLB and Equinor Drill Most Autonomous Well Section To-Date
(SLB, 30.Jan.2024) — SLB (NYSE: SLB) announced a significant step toward fully autonomous drilling operations at Equinor’s Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a […]
Petrobras Reaches 2023 Production TargetÂ
(Petrobras, 26.Jan.2024) — Petrobras reached total oil and natural gas production of 2.78 MMboed in 2023, 3.7% higher than the production recorded in 2022. Commercial production of oil and natural gas was 2.44 MMboed and oil production 2.24 MMbpd. These results exceeded our Strategic Plan 23-27 guidances and were in […]
Petrobras on Board Member Appointment
(Petrobras, 26.Jan.2024) — Petrobras, further to the announcement made on 01/22/2024, informs that its Board of Directors has appointed Mr. Renato Campos Galuppo as a board member. The analysis and election process was submitted to the applicable governance procedures, and no impediment was found to the assumption of a management […]
Petrobras Interested in Area under Production Sharing Regime
(Petrobras, 24.Jan.2024) — Petrobras expressed to the National Energy Policy Council (CNPE) its interest in the right of first refusal in a block to be tendered in the Permanent Offer System, under the Production Sharing Regime, under the terms of Law 12,351/2010 and Federal Decree 9,041/2017. Petrobras approved the expression […]
Petrobras Informs Resignation, Appointment of BODs Member
(Petrobras, 22.Jan.2024) — Petrobras received a letter of resignation from Mr. Efrain Pereira da Cruz from the position of Board Member and member of the Investment Committee. Due to the vacancy, the Federal Government, through a letter from the Ministry of Mines and Energy, appointed Mr. Renato Campos Galuppo to […]
Petrobras Receives $298mn Installment for Carmópolis Pole
(Petrobras, 10.Jan.2024) — Petrobras, in continuity with the announcement made on 26 Dec. 2023, informs that it received, on today’s date, from Carmo Energy, the last installment in the amount of $298mn, already considering the adjustments and late payment charges due, related to the sale of the CarmĂłpolis Pole, which […]
Petrobras on Non-renewal of Vibra Trademark License
(Petrobras, 10.Jan.2024) — Petrobras notified Vibra Energia S.A. that it has no interest in extending the term of the company’s current trademark license agreement, which began on 28 Jun. 2019 and will end on 28 Jun. 2029. This agreement will remain in force, subject to the contractual terms and conditions. The […]
Petrobras Puts Platform Vessel into Pre-salt Production
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero’s third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters […]
EAI’s NRGBriefs: Dec. 2023
(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]
Petrobras Inks Deal with UNIGEL
(Petrobras, 29.Dec.2023) — Petrobras, following up on the releases published on 6 Jun. 2023 and 23 Jun. 2023, signed a contract with Unigel Participações S.A. for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and […]
Petrobras on Natural Gas Flow, Processing
(Petrobras, 29.Dec.2023) — Petrobras, together with Equinor Energy do Brasil Ltda. signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the CabiĂşnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador […]
Petrobras on Remuneration Payment to ShareholdersÂ
(Petrobras, 27.Dec.2023) — Petrobras, following up on the Material Facts of 1 Mar. 2023, 27 Apr. 2023 and 22 Dec. 2023, will pay today the third installment of the remaining remuneration to shareholders for 2022. The gross amount to be distributed is R$ 0,56252157 per common and preferred share in […]
Petrobras on Obligation Breach at CarmĂłpolis Cluster
(Petrobras, 26.Dec.2023) — Petrobras, following up on the material fact disclosed on 20 Dec. 2022, informs of the non-compliance with the contractual payment obligation of Carmo Energy and its parent company COBRA INSTALACIONES Y SERVICIOS, S.A., as guarantor, related to the sale of all of its stakes in the set […]
![Petrobras Approves Social Responsibility Policy [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/2019-06-13T121153Z_1843444331_RC1C8E60F850_RTRMADP_2_PETROBRAS-CORRUPTION.jpg)
Petrobras Approves Social Responsibility Policy [PDF Download]
(Petrobras, 26.Dec.2023) — Petrobras‘ Board of Directors approved a new Social Responsibility Policy, in line with best practices, after an extensive listening process with the participation of the company’s various stakeholders. The main changes include: Total attention to people, respect, promotion and due diligence in human rights, effective management of […]
Petrobras Starts Equatorial Margin Drilling
(Petrobras, 23.Dec.2023) — Petrobras has started drilling the Pitu Oeste (RN) well today, which marks the resumption of the company’s search for oil and gas in the Equatorial Margin, a region that stretches along the Brazilian coast from the state of Rio Grande do Norte to Amapá. The drilling of […]
Petrobras to Analyze Mubadala Capital Proposal
(Petrobras, 22.Dec.2023) — Petrobras has received a communication from Mubadala Capital proposing the formalization of recent discussions on the formation of a potential strategic partnership for the development of downstream in Brazil, in continuity with the memorandum of understanding released on 4 Sep. 2023. The initiative has as its scope […]
Petrobras on Dividend Payments
(Petrobras, 22.Dec.2023) — Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay next week, on 12/27/2023, the third installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to the Material Fact […]
Petrobras Informs on Petros Plan Equalization
(Petrobras, 22.Dec.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Deficit Equalization Plan for 2022 (PED-2022) of the Non-Renegotiated Petrobras System Petros Plan (PPSP-NR) and its submission for consideration by the Secretariat for Coordination and Governance of State-Owned Enterprises (SEST). The PED-2022 provides […]
Petrobras Updates on Asset Divestments
(Petrobras, 21.Dec.2023) — Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A., contracts for the assignment of its entire stake in the Uruguá and TambaĂş fields, in deep waters in the post-salt, located in the Santos Basin. […]
Volvo Delivers First Electric Trucks in LatAm
(Volvo, 20.Dec.2023) — Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo’s first sales of zero-exhaust emission trucks to Latin America. Volvo Trucks is continuing to enter new markets with its battery electric trucks. The company has now delivered its first […]
Brazil Long-Term Ratings Upgraded To ‘BB’ From ‘BB-‘
 (S&P Global, 19.Dec.2023) — S&P Global Ratings raised its long-term global scale ratings on Brazil to ‘BB’ from ‘BB-‘. The outlook on the long-term ratings is stable. We affirmed Brazil’s global scale short-term ratings at ‘B’ and our national scale long-term rating at ‘brAAA’. We also raised the transfer and […]
Perenco Brazil Announces First Oil to FSO Pargo
(Perenco, 19.Dec.2023) — Perenco Brazil announced that first oil to the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, has been successfully received following issuance of all operational licensing from the Brazilian regulatory authorities earlier in Dec. 2023. The vessel’s operational start-up is the culmination of significant workstreams from Perenco’s […]
Petrobras Inks New Deal with Bolivia’s YPFB
(Petrobras, 15.Dec.2023) — Petrobras, further to the announcements made on 24 May 2022 and 5 Aug. 2022, informs that, after complying with internal governance procedures, it has signed a new amendment to the natural gas purchase agreement with Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB). The amendment signed today changes the delivery […]
Petrobras on First Installment of Remuneration to Shareholders
(Petrobras, 15.Dec.2023) — Petrobras, following up on the Material Fact of 08/03/2023, informs that it will pay today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount to be distributed today is R$ 0.574652 per common and preferred share in the form […]
Petrobras Updates on Divestment of Stake in UEG Araucária S.A. (UEGA)
(Petrobras, 15.Dec.2023) — Petrobras, following up on the release disclosed on 27 Oct. 2023, informs that it has closed the competitive process for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA), together with the sale of the stakes of its partners, Companhia Paranaense […]