(Petrobras, 17.Aug.2023) — Petrobras‘ Executive Board has approved the appointment of Mr. Eduardo De Nardi Ros to the position of Investor Relations Executive Manager, effective today. Eduardo De Nardi holds a degree in Economics from the Federal University of Rio Grande do Sul (UFRGS), with a master’s degree in Economics […]
Category: Brazil
Brazil energy
Petrobras on FPSO Anita Garibaldi
(Petrobras, 16.Aug.2023) — Petrobras informs that it put into production, this Wednesday, 16 August 2023, the Anita Garibaldi platform ship in the Campos Basin. Of the FPSO type (floating system that produces, stores and transfers oil), the unit will operate simultaneously in the post-salt and pre-salt of the Marlim and […]
Petrobras on Tax Liabilities
(Petrobras, 15.Aug.2023) — Petrobras, in relation to the news released in the media, clarifies that any decisions regarding the management of its tax liabilities are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures, considering the analysis of risks of possible unfavorable decisions […]
Petrobras Conducting Due Diligence on Braskem
(Petrobras, 14.Aug.2023) — Petrobras, regarding the pieces of news published in the media about its participation in Braskem, reaffirms that it is conducting due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of shares held by Novonor S.A. in […]
Petrobras on Paraná Fertilizer Plant
(Petrobras, 14.Aug.2023) — Petrobras informs that it is in the final phase of studies for the resumption of fertilizer production at Araucária Nitrogenados (ANSA), its subsidiary in Paraná. After finalizing the technical and economic feasibility studies, the resumption project will be submitted for approval by the company’s Executive Board and […]
Petrobras on Fuel Distribution Market Rumors
(Petrobras, 10.Aug.2023) — Petrobras, in relation to the news released in the media, clarifies that there is no decision by the competent bodies in the company to acquire any participation in the fuel distribution market. The company also informs that at the present time it does not conduct analysis on […]
Petrobras Pondering Petrochemical Sector Strategy
(Petrobras, 10.Aug.2023) — Petrobras, regarding the pieces of news published in the media, about its participation in Braskem, reaffirms that it is currently developing analyses to define the best alternative for the execution of its strategy in the petrochemical sector within the scope of its Strategic Planning. In this sense, […]
Braskem Records Quarterly Recurring EBITDA of $140mn
(Braskem, 9.Aug.2023) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world’s leading biopolymers producer, presents its 2Q23 Earnings Release. 2Q23 HIGHLIGHTS CONSOLIDATED Recurring EBITDA of US$140 MM, about R$703 million. Lower than 1Q23 (US$205 MM) and 2Q22 (US$802 MM). Liquidity of US$2.9 bi, return on cash flow of […]
COP28 President-Designate Stands with Brazil’s Lula da Silva
(COP28, 9.Aug.2023) — Following talks at the Amazon Cooperation Treaty Organization (ACTO) Summit in the city of Belém, COP28 President-Designate Dr. Sultan Al Jaber and Brazil’s President Lula da Silva have expressed their joint commitment to deliver a more equitable climate future, by putting nature at the core of the climate agenda at COP28. COP28 President-Designate Dr. Sultan Al Jaber commends […]
Petrobras on Strategic Plan 2024-2028
(Petrobras, 7.Aug.2023) — Petrobras, in relation to the news released in the media and as disclosed to the market on 06/01/2023, informs that the Strategic Plan 2024- 2028 will have as a driver, among others, the forecast of low-carbon CAPEX for the range between 6% and 15% of the total […]
Authorities Approve JV between Aker Solutions, SLB and Subsea7
(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals. Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]
![Petrobras 2Q:23 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/FPSO_P_77_Andr___Ribeiro_Banco_de_Imagens_Petrobras.5e6bac84c7a65-brazil-latamnrg.jpg)
Petrobras 2Q:23 Results [PDF Downloads]
(Petrobras, 26.Jul.2023) — In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, […]
Equinor Buys Rio Energy Including Selected Assets
(Equinor, 21.Jul.2023) — Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. […]
Sale of Certain Rio Energy Assets, Trade Name to Equinor
(Denham Capital, 21.Jul.2023) — Denham Capital, the global energy transition investment firm, has signed an agreement with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Rio Energy, a leading developer, owner and operator of renewable energy projects in Brazil delivers low […]
![IGU 2023 World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/igu-2023-rpt-cover.png)
IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
Petro Victory Energy Corp Appoints New COO
(Petro-Victory, 11.Jul.2023) — Petro-Victory Energy Corp. (TSXV: VRY) announced the appointment of Mr. Andre Naslausky as Chief Operating Officer. With a distinguished international career in the oil and gas industry, Mr. Naslausky has consistently demonstrated his ability to drive profitable growth and operational excellence. Highlights Former Vice President of Schlumberger […]
PetroTal Reveals Record Production in 2Q:23
(PetroTal, 6.Jul.2023) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announce the following operational and corporate update. Record Q2 2023 Production PetroTal achieved a record production of 19,031 barrels of oil per day (bopd) in Q2 2023. This was underpinned by robust production from the company’s newly drilled 15H well and […]
SLB Awarded Contract for Petrobras’ Digital Transformation
(SLB, 6.Jul.2023) — SLB (NYSE: SLB) has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 16.Jun.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023, 04/27/2023 and 06/12/2023, informs that today it has paid 2nd installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by the Selic interest rate from […]
Petrobras on Potiguar Cluster
(Petrobras, 7.Jun.2023) — Petrobras, following up on the releases disclosed on 01/31/2022 and 05/19/2023, informs that, after compliance with all the precedent conditions provided for in the binding contract signed on 01/31/2022, concluded today the transfer of its total stake (100%) in the set of 20 concessions of onshore and shallow water […]
Petrobras on Unigel Discussions
(Petrobras, 6.Jun.2023) — Petrobras has initiated discussions with Unigel Participações S.A. to analyze joint business involving opportunity development in the areas of fertilizers, green hydrogen and low-carbon projects, in line with the revision of the strategic elements for Petrobras’ Strategic Plan 2024-2028 (SP 2024-28), as disclosed to the market on 1 June […]
QatarEnergy Inks PSC for Agua-Marinha Block
(QatarEnergy, 3.Jun.2023) — QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petróleo Brasil Ltda. (PPBL) signed the Production Sharing Contract (PSC) for the Agua-Marinha block which was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round, by Brazil’s National Agency of Petroleum, Natural Gas, […]
Petrobras Confirms Talks with Apollo and Adnoc
(Petrobras, 1.Jun.2023) — Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras’ position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. […]
Petrobras on Elements of Strategic Plan 2024-2028
(Petrobras, 1.Jun.2023) — Petrobras informs that its Board of Directors approved yesterday the revision of the strategic elements for the 2024-2028 Strategic Plan (2024-28 SP), as well as the low carbon CAPEX driver for the range between 6% and 15% of total CAPEX for the first five years of the new Plan, […]
Petrobras on Start-up of Almirante Barroso FPSO
(Petrobras, 31.May.2023) — Petrobras started the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m3 of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently averages 560,000 […]
Petrobras on PSCs with TotalEnergies, QatarEnergy, Petronas and Shell
(Petrobras, 31.May.2023) — Petrobras signed the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras acquired the block […]
EAI’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]
Petrobras on Natural Gas Commercial Portfolio
(Petrobras, 29.May.2023) — Petrobras approved new natural gas sales products and is participating in the competitive public call processes for state distributors with the new commercial portfolio. With the opening of the natural gas market, which already has contracts with more than 14 suppliers, the company has developed a new commercial portfolio […]
Petrobras Not Participating with Previ
(Petrobras, 26.May.2023) — Petrobras, regarding the news published in the media, informs that it is not participating in any coordinated action with Previ or any other institution with the objective of acquiring the shares issued by Vibra Energia and that the reports on the subject are untrue. Petrobras clarifies that eventual actions […]
Petrobras on Licensing in Amapá
(Petrobras, 24.May.2023) — Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The […]
Petrobras on Bahia Terra Production
(Petrobras, 22.May.2023) — Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia […]
Petrobras on Payment of Remuneration to Shareholders
(Petrobras, 19.May.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023 and 04/24/2023 and Notice to the Market of 05/15/2023, informs that today it has paid 1st installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by […]
Petrobras on Answer to Letter from the Ministry of Mines and Energy
(Petrobras, 19.May.2023) — Petrobras answered, on today’s date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy (MME), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras understands that it […]
Petrobras on Potiguar Cluster
(Petrobras, 19.May.2023) — Petrobras informs that on today’s date IBAMA issued the operational license for the Ubarana, Ubarana Oeste and Cioba fields, in the Potiguar basin, which are part of the Potiguar Cluster, in favor of 3R Potiguar S.A. The license was a precedent condition for the closing of the […]
Petrobras on Letter from Ministry of Mines and Energy
(Petrobras, 19.May.2023) — Petrobras received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy (MME) requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources (IBAMA), […]
Petrobras on Human Rights, Corporate Citizenship
(Petrobras, 19.May.2023) — Petrobras published the first edition of the Human Rights and Corporate Citizenship Supplement for the year 2022. The supplement presents the company’s indicators, goals, and actions related to human rights and corporate citizenship. The document provides annual accountability and reinforces the commitments made by the company: UN […]
Petrobras on Braskem
(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]
Petrobras on Environmental Licensing Process
(Petrobras, 18.May.2023) — Petrobras has received news about IBAMA’s rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for […]
Petrobras on Product Price Adjustments
(Petrobras, 17.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]
Petrobras on Results of Santos Basin Exploratory Well
(Petrobras, 17.May.2023) — Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 km from the city of Santos-SP, at a water depth of 1,979 meters. The well is in progress and the oil-bearing interval was […]
Petrobras on Commercial Strategy for Diesel and Gasoline
(Petrobras, 16.May.2023) — Petrobras informs that its Executive Board approved yesterday, 15 May 2023, the commercial strategy to define Petrobras’ diesel and gasoline prices, replacing the pricing policy for gasoline and diesel commercialized by its refineries. The commercial strategy uses market references such as: (a) the customer’s alternative cost, as […]
Petrobras on Dividend Payment
(Petrobras, 15.May.2023) — Petróleo Brasileiro S.A. or Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay, on Friday, 05/19/2023, the first installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to […]
Petrobras on Price Policy
(Petrobras, 14.May.2023) — Petrobras clarifies that it is discussing internally changes in its pricing policies for diesel and gasoline, which will be analyzed by the company’s executive board early this week and may result in a new commercial strategy to define diesel and gasoline prices. In this sense, the company […]
Petrobras on Contracting for Block BM-C-33
(Petrobras, 10.May.2023) — Petrobras, following up on the release disclosed on 05/08/2023, informs that Equinor, on behalf of the consortium formed to develop block BM-C-33, has signed the contracts with MODEC Inc. for the supply of the production platform and TechnipFMC for the Submarine Systems. The platform to be built […]
Petrobras on Product Price Adjustments
(Petrobras, 10.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]
Petrobras Says Not Conducting Transactions in Private Market
(Petrobras, 9.May.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that it is not conducting any sales transaction structuring in the private market and that it does not take part in the negotiations mentioned in the articles published in the media. Additionally, is not […]
Petrobras on Development of Block BM-C-33
(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]
Petrobras on the Start-up of FPSO Anna Nery
(Petrobras, 8.May.2023) — Petrobras informs that the FPSO Anna Nery started production on 7 May 2023, in Campos Basin, within the project of revitalization of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava, located in the pre-salt of the two fields. The unit is capable […]
Equinor and Partners Announce $9bn FID for BM-C-33 in Brazil
(Equinor, 8.May.202) — Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately $9bn. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas […]
Petrobras on Bahia Terra Production
(Petrobras, 5.May.2023) — Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023 and 05/02/2023, informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production at 9 more Bahia Terra Cluster facilities (Nova Tororó Collector Station, Pereira Collector […]