(WoodMac, 14.Dec.2023) — A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round, 192 under concession and one under production sharing agreement, signaling strong optimism for the industry, according to Wood Mackenzie. Highlights from these bid rounds included: The total amount in bonuses was […]
Category: Brazil
Brazil energy
Petrobras Reveals Results of ANP Bidding Process
(Petrobras, 13.Dec.2023) — Petrobras has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil Ltda and Shell Brasil PetrĂłleo Ltda. The consortium […]
Petrobras Greenlights Deal with Eletrobras
(Petrobras, 12.Dec.2023) — Petrobras‘ Board of Directors, in a meeting held on 11 Dec. 2023, approved a judicial settlement regarding the collection of differences in monetary correction and interest on Eletrobras‘ Compulsory Loan. Conditional on judicial approval, the agreement provides for the payment to Petrobras of R$1.2bn within 5 working […]
Petrobras Inks Deal to Install CO2Â CCUS Hub
(Petrobras, 4.Dec.2023) — Petrobras has signed, this Sunday (03/12/2023), at COP-28, in Dubai, a protocol of intentions with the Government of the State of Rio de Janeiro for the joint evaluation of the implementation of pilot projects for a CO2 capture and storage hub (the so-called CCUS) in the State of […]
Rainforest Nations Back Projects Funded Through Carbon Market
(Equitable Earth, 3.Dec.2023) — Today at the UN Climate Change Conference (COP28), Ministers and Indigenous leaders from the most important tropical forests in the world spoke at the launch of Equitable Earth – a new voluntary carbon market standard designed to drive climate finance directly to Indigenous peoples and traditional communities. […]
Southern Cone Market to Invest $46bn in Gas Production
(WoodMac, 30.Nov.2023) — Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a first framework agreement; Venezuela to hold referendum related to the Essequibo disputed region between Venezuela and Guyana; Colombia’s National Hydrocarbon […]
GoldMining Updates on its SĂŁo Jorge Gold Project in Brazil
(GoldMining, 29.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) provided an update on exploration activities ongoing at the company’s 100% owned SĂŁo Jorge gold project, located in Pará State, Brazil. Highlights: SĂŁo Jorge is located at the center of the Tapajos Gold District, which hosts multiple gold projects including producing […]
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks bright for upstream oil and gas in Latin America. Opportunities of all kinds are fuelling stratospheric expectations for Majors, national oil companies (NOCs) and mid-caps […]
![Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/06/Petrobras-bonds-gbo-810x540-1.jpg)
Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]
(Petrobras, 23.Nov.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 21.Nov.2023) — Petrobras, following up on the Material Fact of 08/03/2023, informs that it has paid today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount distributed today is R$ 0.209176 per common and preferred share in the form of dividends […]
Petrobras on 3Q:23 Share Value of Dividends and Interest
(Petrobras, 21.Nov.2023) — Petrobras, following the Material Fact of 11/09/2023, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the balance sheet […]
Petrobras Reports on Favorable Ruling in Labor Case before STF
(Petrobras, 13.Nov.2023) — Petrobras, in continuation of the announcement made on 02/15/2022, informs that, on 11/10/2023, the First Panel of the Federal Supreme Court concluded the judgment of the pending appeals in the lawsuit in which the methodology for calculating the Minimum Remuneration by Level and Regime (RMNR) supplement is […]
![Petrobras Reports 3Q:23 Financials [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/petrobras-3q23.png)
Petrobras Reports 3Q:23 Financials [PDF Downloads]
(Petrobras, 9.Nov.2023) — Petrobras reported on its main financial achievements in the third quarter 2023. Highlights: Solid recurring EBITDA of US$13.7bn Gross debt under control at US$61bn, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$11.6bn, the […]
Petrobras on Remuneration to Shareholders
(Petrobras, 9.Nov.2023) — Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends and interest on own equity in the amount of R$17.5bn, as anticipation for 2023, declared based on the balance sheet of 30 Sep. 2023. The approved proposal is in line […]
Petrobras Revises its 2023 Production and CAPEX Guidance
(Petrobras, 9.Nov.2023) — Petrobras, under the terms of CVM Resolution No. 44, of 23 Aug. 2021, and in addition to the material fact disclosed on 16 Oct. 2023, informs that the guidance for its own oil and gas production and its CAPEX have been revised. For total own oil and […]
Petrobras Processes Renewables Materials at Riograndense Refinery
(Petrobras, 8.Nov.2023) — Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of Oct. and the beginning of Nov., opens a new world frontier for […]
Petrobras Says Strategic Plan 2024-2028 is Under Construction
(Petrobras, 8.Nov.2023) — Petrobras, in relation to the news published in the media and in line with the statement of 25 Oct. 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company’s Executive Board and Board of Directors. The strategic […]
Petrobras Comments on Extraordinary General Meetings
(Petrobras, 31.Oct.2023) — The Board of Directors of PetrĂłleo Brasileiro S.A. (Petrobras) invites the company’s shareholders to meet at the Extraordinary General Meeting, to be held on 30 November 2023, at 2:00 p.m. (GMT-3 time zone) partially by digital form, pursuant to Resolution No. 81 of the Brazilian Securities and Exchange […]
![Petrobras Releases 3Q:23 Production and Sales Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/brazil-3q23-sale-rpt-source-petrobras.png)
Petrobras Releases 3Q:23 Production and Sales Report [PDF Download]
(Petrobras, 26.Oct.2023) — In 3Q23, average production of oil, NGL and natural gas reached 2.88 MMboed, 9.1% higher than in 2Q23, mainly due to the better operational performance of the pre-salt platforms and the lower losses with stoppages and maintenance, besides the ramp-up of platforms P-71 in the Itapu field, […]
Petrobras on CARF Judgment Result
(Petrobras, 26.Oct.2023) — Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), heard and granted, by majority vote, the appeal filed by the National Treasury, limiting the deductibility of regular […]
Petrobras on Talks with Bolivia’s YPFB
(Petrobras, 26.Oct.2023) — PetrĂłleo Brasileiro S.A. (Petrobras), regarding the pieces of news published in the media, informs that a mission of Petrobras executives was carried out in Bolivia with representatives of Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB). On that occasion, Petrobras executives heard about the opportunities presented by YPFB representatives, none […]
Welligence says Hess Corporation gives Chevron Atlantic margin exposure
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant transaction of Oct. 2023 following the $65bn move by ExxonMobil to acquire Pioneer Natural Resources Company, both in all-stock transactions, Welligence Energy Analytics wrote 23 […]
Petrobras on Proposal to Revise its Bylaws to be Submitted to EGM
(Petrobras, 23.Oct.2023) — Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to the Extraordinary General Meeting (EGM), to be convened in due course. The objectives of the revision of Petrobras’ Bylaws are to create a capital remuneration […]
Petrobras Breaks Monthly, Quarterly Production Records
(Petrobras, 16.Oct.2023) — Petrobras broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 […]
Petrobras Informs About 3Q:23 Results
(Petrobras, 13.Oct.2023) — Petrobras will release its 3Q23 Production and Sales Report on 26 October 2023, and its 3Q23 Financial Performance Report on 9 November 2023, both after the markets close. On 10 November 2023, a webcast will be held to present the company’s results for the third quarter of […]
Petrobras Achieves High Level of Utilization of its Refineries
(Petrobras, 10.Oct.2023) — Petrobras informs that in September its refining units reached 97% utilization for the second consecutive month. As a result, the Total Utilization Factor (FUT) of the refineries in 3Q23 reached 95.8%, the best result since 2014. The largest refinery in the country, the PaulĂnia Refinery (Replan), broke […]
Brazil’s Petrobras on CARF Judgment
(Petrobras, 6.Oct.2023) — Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
Petrobras and Vale Ink Deal to Develop Low-Carbon Solutions
(Petrobras, 28.Sep.2023) — Petrobras signed a memorandum of understanding with Vale for the development of low-carbon solutions, taking advantage of the technical expertise and synergies of the two companies. The partnership will last for two years and will assess joint decarbonization opportunities, including the development of sustainable fuel initiatives – […]
Petrobras on Declaration of Commerciality in Campos Basin Pre-salt
(Petrobras, 21.Sep.2023) — Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on 20 September 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. […]
Petrobras on Payment of Remuneration to Shareholders
(Petrobras, 20.Sep.2023) — Petrobras, following up on the Material Fact of 11 May 2023, informs that it will pay today the second installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$0.946789 per common and preferred share in the […]
Petrobras Clarifies News on Braskem
(Petrobras, 18.Sep.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]
Brazil Calls on Rich Nations to Pay for Global Energy Transition
(Bloomberg, 17.Sep.2023) — Brazil is calling on wealthy nations to pay for the world’s transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries “cannot finance an energy transition in the mold of Europe and the US,” and […]
Petrobras Updates on Offshore Wind Protocol at IBAMA
(Petrobras, 15.Sep.2023) — Petrobras, following up on the release disclosed to the market on 13 September 2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability […]
Petrobras Comments on RNEST
(Petrobras, 14.Sep.2023) — Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 29 June 2023, the co. decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery – RNEST, after a decision based on a careful […]
Petrobras Inks Deal to Evaluate Renewable Energy Opportunities
(Petrobras, 14.Sep.2023) — Petrobras informs that on 14 September 2023 it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate renewable energy projects in Brazil. The aim is to develop joint studies to study business opportunities in onshore wind, offshore wind, solar and low-carbon hydrogen […]
Petrobras Inks Partnership with WEG for Onshore Wind
(Petrobras, 13.Sep.2023) — Petrobras has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt (MW) onshore wind turbine, the first of this size to be manufactured in Brazil. This project represents an important milestone for Petrobras, as it will […]
Petrobras Executes First Purchase of Carbon Credits
(Petrobras, 5.Sep.2023) — Petrobras has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon […]
Petrobras Updates on Asset Divestments
(Petrobras, 4.Sep.2023) — Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage […]
Petrobras Inks Biofuels Agreement
(Petrobras, 4.Sep.2023) — Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a multi-strategy equity investment fund of the Mubadala Capital Group, to develop studies covering future business in the downstream segment, with emphasis on evaluating Petrobras’ participation in a biorefining project. The Mubadala Capital […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Petrobras Inks Deals with Chinese Banks
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Petrobras Inks Closing of Golfinho and Camarupim Clusters
(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim […]
Petrobras Inks Deal with CDB and Bank of China
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Petrobras Inks Closing of Golfinho and Camarupim Clusters
(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has today concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and […]
Petrobras Gets Help From Brazil’s Attorney General to Explore the Amazon
(Bloomberg, 23.Aug.2023) — Brazil’s government may have lifted one of the key hurdles for Petrobras to drill at a promising offshore oil region, a move that could escalate a standoff between the oil company and environmental authorities. A major impact study that the Ibama environmental agency is demanding isn’t necessary […]
Petrobras on Braskem Due Diligence Process
(Petrobras, 22.Aug.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 18.Aug.2023) — Petrobras, following up on the Material Fact of 11 May 2023, informs that it will pay today the first installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946788 per common and preferred share, of […]
Tucano Gold Enters Definitive Agreement to Buy Mina Tucano Ltda.
(Tucano Gold, 17.Aug.2023) — Tucano Gold Inc entered into a Definitive Agreement to acquire 100% of the shares of Mina Tucano Ltda and 100% of the shares of Tucano Resources Mineração Ltda, each for a consideration of BRL1.00, along with the submission of a proposed payment plan to Mina Tucano’s creditors […]