(WoodMac, 3.May.2023) — Latin America has significant gas resources that have not been prioritised for development. Natural gas demand in the region will continue to grow, however, driven by the replacement of coal in power generation and industrial processes. To meet this demand, Latin America will need to maximise its […]
Category: Brazil
Brazil energy
Ecopetrol on 1Q:23 Earnings Report, Conference Calls
(Ecopetrol, 2.May.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 9 May 2023, after market close, it will release its financial and operating results for the first quarter 2023. On Wednesday, 10 May 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and the […]
Exxon Mobil not Quitting Exploration in Brazil
(Reuters, 1.May.2023) — Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company’s country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. “I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all,” Ferrin said, […]
Petrobras on Annual General Meeting
(Petrobras, 27.Apr.2023) — Petrobras informs that the Annual General Meeting, held today, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the […]
Petrobras on Shareholders Remuneration
(Petrobras, 27.Apr.2023)  — Petrobras, following the press release disclosed on 1 March 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes […]
Atlas Renewables Inks Largest Private Solar PPA in LatAm
(Atlas Renewable Energy, 27.Apr.2023) — Atlas Renewable Energy signed a power purchase agreement with Albras, the largest primary aluminum producer in Brazil. Under the US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable […]
NatGas in Transition to Low-Carbon Economies [PDF Download]
(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving this massive goal requires a radical transformation in how energy is supplied and used worldwide, as 73% of global greenhouse […]
Petrobras on BioRefining Program
(Petrobras, 17.Apr.2023) — Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green […]
Petrobras on Natural Gas Prices for Distributors
(Petrobras, 17.Apr.2023) — Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/mÂł, in relation to the February-March-April quarter, considering the variation in the price of the […]
Petrobras on Official Letter from the CVM
(Petrobras, 13.Apr.2023) — Petrobras has received an official letter from the Superintendence of Corporate Relations (SEP), from the Securities and Exchange Commission (CVM), in which it announces that, considering the information available up to the present moment and in line with the understanding of the Eligibility Committee and the Board […]
Petrobras on Norte Capixaba Cluster
(Petrobras, 12.Apr.2023) — Petrobras, following up on the release disclosed on 23 February 2022, informs that the fulfillment of all precedent conditions has been concluded, regarding the transfer of its total interest (100%) in a set of 4 onshore production field concessions, with integrated facilities, located in the State of […]
Petrobras on Organizational Adjustment
(Petrobras, 6.Apr.2023) — Petrobras announces that its Executive Board, in a meeting held today, approved an organizational adjustment proposal to be submitted to the Board of Directors as part of a continuous improvement process. The proposal has three objectives: (i) prepare the company for the energy transition with the creation […]
Petrobras on Pricing Policy
(Petrobras, 5.Apr.2023) — Petrobras reaffirms its commitment to the practice of competitive prices and in balance with the national market, while avoiding the immediate pass-through of external volatility and exchange rate caused by circumstantial events and confirms that it has received no proposal from the Ministry of Mines and Energy […]
Petrobras on Bahia Terra Production
(Petrobras, 31.Mar.2023) — Petrobras, following up on the release disclosed on 14 March 2023, informs that it obtained, on Friday 31 March, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from the Araçás field, located in the Bahia Terra Cluster. Thus, the company […]
Petrobras on Strategic Planning
(Petrobras, 31.Mar.2023) — Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, to be considered in the Strategic Planning, in compliance with current governance practices, the commitment to create value and the company’s long-term financial sustainability: 1) […]
Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List
(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in partnership with market research company Statista. To compile this ranking, Statista surveyed around 85,000 women working at multinational institutions in 36 countries. Its analysts sifted […]
EAI’s NRGBriefs: Mar. 2023
(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]
Petrobras on Ministry of Mines and Energy Letter
(Petrobras, 29.Mar.2023) — Petrobras, following up on the release disclosed to the market on 17 March 2023, informs that it received Official Letter 257/2023/GM-MME from the Ministry of Mines and Energy (MME), on today’s date, in the following terms: 1. Petrobras disclosed a material fact on 17 March 2023, informing […]
Petrobras on Climate Supplement
(Petrobras, 29.Mar.2023) — Petrobras released the new edition of its Climate Supplement. The document details information regarding Petrobras’ emissions performance in 2022, in addition to the progress made in indicators related to climate change commitments. The Climate Supplement also presents how the challenges of climate change are reflected in the […]
Petrobras on Supplier Engagement in Sustainable Practices
(Petrobras, 27.Mar.2023) — Petrobras was recognized as one of the leading companies in supplier engagement by the international organization CDP, formerly known as the Carbon Disclosure Project, a reference in sustainability. The A- rating, referring to the 2022 cycle, was achieved in the Supplier Engagement Rating (SER) aspect, a global […]
Petrobras on Route 3 Integrated ProjectÂ
(Petrobras, 24.Mar.2023) — Petrobras, following up on the release disclosed on 09/23/22, has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude the works on the Natural Gas Processing Unit (UPGN) of the ItaboraĂ Gaslub Cluster, which had been halted since June 2022. With the resumption of […]
Petrobras Comments on Its Price Policy
(Petrobras, 23.Mar.2023) — Petrobras, regarding the pieces of news published in the media about the company’s Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding […]
Petrobras on Letter from the Ministry of Mines and Energy (MME)
(Petrobras, 17.Mar.2023) — Petrobras, following up on the release disclosed on March 1, 2023, informs that its Executive Board has forwarded for the appreciation of the Board of Directors the following proposal for response to Letter 166/2023/GM-MME from the Ministry of Mines and Energy (MME): we carried out a preliminary […]
Convening of Annual Shareholders’ Meeting of 26 May 2023
(Petrobras, 16.Mar.2023) — The Board of Directors of TotalEnergies SE, met on 15 March 2023 under the chairmanship of Patrick PouyannĂ©, Chairman and Chief Executive Officer. It has decided to convene the Ordinary and Extraordinary Shareholders’ Meeting of the company on Friday, 26 May 2023. The Notice of Meeting will […]
Petrobras on Nominations to Board of Directors and Fiscal Council
(Petrobras, 15.Mar.2023) — Petrobras, following up on the press releases of 02/28/2023, 03/01/2023 and 03/08/2023, informs that it received an official letter from the Ministry of Mines and Energia (MME) presenting, in a supplementary manner, three nominations of candidates for the slate of the Federal Government, as controlling shareholder, for […]
Petrobras on Bahia Terra Production Stoppage
(Petrobras, 14.Mar.2023) — Petrobras, following up on the release disclosed on 13 December 2022, clarifies that it is taking all necessary steps to resume production at the Bahia Terra Cluster by April. The cluster had its operations halted at the request of the National Agency of Petroleum, Natural Gas and […]
Petrobras Says No BOD Decision Regarding Bahia Terra Cluster Divestment
(Petrobras, 13.Mar.2023) — Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in the negotiation phase with the consortium of companies PetrorecĂ´ncavo and Eneva, and no decision has been taken by the Executive Board and the Board of […]
Petrobras and Shell Ink MOU during CERAWeek
(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]
Petrobras on Change to Price Policy
(Petrobras, 2.Mar.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that, in the scope of the Executive Board and the Market and Price Executive Group, there is no discussion for the company to change its Price Policy, and reiterates its commitment to the practice […]
ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA
(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the “Certificate of Advanced Biopharmaceutical Manufacturing” from the Ministry of Food and Drug Safety in Korea and the “HA Filler GMP Certification” from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). This advanced biopharmaceutical manufacturing license was obtained in accordance […]
Petrobras Financial Performance in 4Q:22 [PDF Download]
(Petrobras, 1.Mar.2023) — Petrobras reported its financial performance in the fourth quarter of 2022. Message from the CFO Dear shareholders and investors, With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, […]
Petrobras on 4Q:22 Tax Report [PDF Download]
(Petrobras, 1.Mar.2023) — In 2022, Petrobras achieved its annual tax contribution record, collecting a total of R$279bn in taxes and Government Take (Gov. Take) in Brazil and US$134mn paid abroad. In addition to the amount paid to public coffers, we also highlight the R$194bn distributed in the form of dividends, […]
Petrobras on Remuneration to Shareholders
(Petrobras, 1.Mar.2023) — Petrobras informs that its Board of Directors, at a meeting held today, authorized, by a majority vote, the submission to the General Shareholders’ Meeting, scheduled for 27 April 2023, the proposal for distribution of dividends equivalent to R$ 2.74573369 per outstanding preferred and common share. The proposed […]
Petrobras on Candidates Nominated for BODs [PDF Download]
(Petrobras, 28.Feb.2023) — Petrobras received an official letter from the Ministry of Mines and Energy (MME) containing the list of candidates who will compose the slate of the Federal Government, in the capacity of controlling shareholder, to the eight seats on the Board of Directors (BoD), whose elections will take […]
Petrobras on Tax Contingencies with RJ State
(Petrobras, 23.Feb.2023) — Petrobras, in clarification to the pieces of news disclosed in the media, reiterates its commitment to tax compliance as a pillar of its recently approved Tax Policy, as informed to the market on 26 January 2023, and highlights the collection it has generated in favor of the […]
Ecopetrol to Host 4Q:22 and Year End Webcast
(Ecopetrol, 22.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 28 February 2023, after market close, it will release its financial and operating results for the fourth quarter and full year 2022. On Wednesday, 1 March 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish […]
Petrobras: Highlights on 4Q:22 Production, Sales [PDF Download]
(Petrobras, 8.Feb.2023) — Petrobras commented on its production and sales in 4Q;22 and 2022. “In 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. […]
FMC Delivers Record 4Q:22 and 2022 Results
(FMC, 7.Feb.2023) — FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]
Petrobras on 4Q:22 Results, Webcasts
(Petrobras, 6.Feb.2023) — Petrobras will release its 4Q:22 Production and Sales Report on 8 February 2023 and its 4Q:22 Financial Performance Report on 1 March 2023, both after the markets close. On 2 March 2023, two webcasts will be held, the first in Portuguese and the second in English, to […]
Petrobras on CARF Judgment
(Petrobras, 1.Feb.2023) — Petrobras informs that, in a session held today, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeals filed by the company and decided that IRPJ and CSLL taxes are due on the […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that “in this uncertain global environment, energy is […]
Petrobras on Rating Confirmation by Fitch
(Petrobras, 31.Jan.2023) — Petrobras informs that the rating agency Fitch reaffirmed its rating at “BB-“, with stable outlook, following Brazil’s rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the company’s […]
Petrobras on Receiving R$430mn Earnout from BaĂşna
(Petrobras, 30.Jan.2023) — Petrobras, following up on the releases disclosed on 24 July 2020, 28 July 2020 and 9 November 2020, informs that it received today from Karoon PetrĂłleo & Gás Ltda, a subsidiary of Karoon Energy Ltd, the amount of R$430mn, equivalent to the contingent payment of the oil […]
Enphase Energy Expands Solar Deployments in Brazil
(Enphase Energy, 30.Jan.2023) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that installers of Enphase® products in Brazil have seen a significant increase in deployments of residential solar energy systems powered by IQ7+™ and IQ7AM™ Microinverters. According […]
New Global Finds Drive Exploration to Value Creation
(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33bn of value and achieved full-cycle returns of 22%, at $US60/barrel Brent […]
Petrobras on Indication of Members of Executive Board
(Petrobras, 27.Jan.2023) — Petrobras, regarding the pieces of news in the media, clarifies that it has not yet been formally communicated about the indication of the members of the Executive Board of the company. Following the usual procedures for nominating company managers, the nominee’s name must go through Petrobras’ internal […]
Petrobras Receiving R$1.3bn Earnout from Sépia
(Petrobras, 27.Jan.2023) — Petrobras received today, up front, the amount of R$1.3bn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the SĂ©pia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies‘ 28%, Petronas’ 21% and QP Brasil Ltda’s […]
Petrobras Approves Election of Jean Paul Terra Prates as CEO
(Petrobras, 26.Jan.2023) — Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras’ Director, until the next General Shareholders’ Meeting and elected him as the company’s CEO, the latter with a mandate until 13 April 2023, the same term […]
Petrobras Collects $1.6bn With Conclusion of Albacora Leste Field Divestment
(Petrobras, 26.Jan.2023) — Petrobras, following up on the releases disclosed on 26 January 2023 and 27 April 2022, has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro […]
Petrobras Approves the Company’s Tax Policy
(Petrobras, 26.Jan.2023) — Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy applicable to the company and its equity holdings. “The Policy reiterates Petrobras’ commitment to ensure that tax management, which covers taxes and […]