(Petrobras, 20.Sep.2024) — Petrobras, following up on the Material Fact of 13 May 2024 and the Communication of 11 Jun. 2024, informs that will pay today the second installment of dividends related to the balance sheet of 31 Mar. 2024. The gross amount to be distributed today corresponds to R$ […]
Category: Brazil
Brazil energy
Petrobras Awards TechnipFMC Subsea Contracts by for Brazil’s Pre-Salt Fields
(Energy Analytics Institute, 19.Sep.2024) — TechnipFMC has been awarded two subsea contracts by Brazil’s state-owned Petrobras for the pre-salt fields offshore the South American country. The first award is a substantial contract—between $260mn-$500mn—to design, engineer, and manufacture riser flexible pipe. TechnipFMC will also supply associated services including packing and storage, […]
Petrobras on Media Reports on Fuel Prices
(Energy Analytics Institute, 18.Sep.2024) — Petrobras downplayed claims in the media that it has decided to reduce fuel prices. “Any adjustments to the prices of its products are made in the normal course of its business with no defined periodicity and, when there is a decision to change, the price list […]
Petrobras on Closing of Offering of Dollar-denominated Global Notes
(Petrobras, 16.Sep.2024) — Petrobras announced (i) the settlement of the international capital markets offering of US$1bn 6.000% Global Notes due 2035 (the “New Notes and such offering, the “New Notes Offering”), issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF) and (ii) the final results and settlement of the […]
Petrobras Updates on Favorable Arbitration
(Petrobras, 12.Sep.2024) — Petrobras informs that a favorable final arbitration award has been handed down in one of the arbitrations taking place before B3’s Market Arbitration Chamber (CAM). This arbitration was initiated by an association and was intended to be collective, trying to encompass all Petrobras shareholders who acquired shares on […]
Scala Data Centers and Rio Grande do Sul Govt Ink Infrastructure Deal
(Scala Data Centers, 11.Sept.2024) — The government of the Brazilian state of Rio Grande do Sul, through the Department of Economic Development (Sedec), and Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, signed a letter of intent today to enable the construction of […]
Petro-Victory Energy Inks MOU with Eneva in Brazil
(Energy Analytics Institute, 10.Sep.2024) — Petro-Victory Energy Corp. has entered into a Memorandum of Understanding (MOU) with Eneva for the development of Petro-Victory’s non-associated gas resources located in the São João field, at the Barreirinhas basin, in the state of Maranhão. All of the activities to be carried out in the São […]
G Mining Ventures to Buy the CentroGold Project from BHP
(G Mining Ventures, 9.Sep.2024) — G Mining Ventures Corp. (“GMIN” or the “Corporation“) has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited. This includes the CentroGold Project (“CentroGold” or the “Project“). In consideration for the acquisition, GMIN will […]
Gerdau and Petrobras Ink Deal for Low-carbon Business Studies
(Petrobras, 9.Sep.2024) — Petrobras has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in a […]
Petrobras and Embrapa to Research Low-carbon Products and Fertilizers
(Petrobras, 6.Sep.2024) — Petrobras and Embrapa signed a Cooperation Agreement (CA) this Friday (6/6) to conduct technical studies on renewable raw materials to obtain low-carbon products, including biofuels, green chemistry, and fertilizers. This partnership requires Petrobras to devise technological solutions and develop biofuel and bioproduct production plants. Embrapa, in turn, […]
Petrobras Prices U.S. Dollar-denominated Global Notes
(Petrobras, 4.Sep.2024) — Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur […]
Platts Launches Daily South America Lithium Triangle Price Assessments
(Platts, 3.Sep.2024) — Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, battery metals and energy transition markets, has launched the first-ever daily, physical spot market price assessments for South Americalithium carbonate, effective 2 Sep. 2024. This builds on Platts’ […]
Petrobras to Offer Dollar-denominated Global Notes
(Petrobras, 3.Sep.2024) — Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets, subject to market and other conditions, and (ii) cash tender offers to purchase any and all of […]
Petrobras and CSN Ink Deal to Supply Gas in RJ’s Free Environment
(Petrobras, 2.Sep.2024) — “Petrobras and CSN entered into a contract to supply natural gas to the CNS plant situated in Rio de Janeiro (RJ). This steelworks’ migration to the free environment has Petrobras as its chief supplier among a pool of suppliers. The new partnership in the natural gas market […]
EAI’s NRGBriefs: Aug. 2024
(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target at the Uchuva-2 well offshore Colombia; Golar LNG and bp entering into commercial reset arrangements for FLNG Gimi; and more. LATIN AMERICA AND THE CARIBBEAN […]
Petrobras Inks 26 Concession Contracts in the Pelotas Basin
(Petrobras, 30.Aug.2024) — Petróleo Brasileiro S.A. or Petrobras, following up on Communication of 13 Dec. 2023, signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. […]
Diverging Paths: Argentina Versus Brazil’s Energy Policies
(Rystad, 29.Aug.2024) — Argentina and Brazil are the two largest economies on the South American continent, and both are places that foreign investors have been cautiously eyeing for some time now. For many years both countries pursued a similar path while sharing a similar government ideology in their respective capitals. Now, […]
Petrobras to Invest BRL 500mn in Five Supercomputers
(Petrobras, 29.Aug.2024) — Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world’s foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500mn. One of the machines, capable of processing the […]
Sepetiba Platform Reaches Top Pre-salt Production
(Petrobras, 28.Aug.2024) — The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last 27 Aug. 2024. This milestone was reached within the estimated time frame of eight months due to the promptness […]
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) — During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso, inflationary pressures, and a decrease in the prices of our refined products. We managed these challenges with resilience, maximizing operational […]
Brazil Turns to LNG as Drought Threatens Hydro Reservoirs
(Bloomberg, 13.Aug.2024) — Brazil has emerged as the latest contender for global liquefied natural gas supplies as dry weather threatens its vast hydropower production. South America’s most populous nation typically depends on hydroelectricity for the majority of its power needs but turns to gas when water levels plunge. An expected […]
Karpowership Announces $1bn LNG-to-Power Investment in South Africa
(Karpowership, 13.Aug.2024) — Karpowership announced its plans to invest a transformative $1bn of LNG-to-Power infrastructure that will be based in Mozambique and made available to the entire South African Power Pool (SAPP). This ground-breaking project would not only enhance the country’s domestic energy landscape but also that of the wider SAPP by providing reliable […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) — Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it on Rating Watch Negative. The senior secured debt has been downgraded to ‘B+’/’RR4’ from ‘BB-‘/’RR4’. ‘RR4’ denotes average recovery in the event of default. The […]
Petrobras Releasing Digital Tool that Stimulates Reduction in CO2 Emissions
(Petrobras, 12.Aug.2024) — The GIS CCUS Brasil platform gathers all public information on carbon capture and storage (CCUS) in Brazil on a single website. It is online and free and provides essential data to set up new projects, such as the amount of CO2 emitted, existing national infrastructure, and potential reservoirs […]
Petrobras Reports Solid 2Q:24 Cash Generation
(Petrobras, 8.Aug.2024) — Petrobras had solid cash generation in the second quarter of 2024, reporting an Operating Cash Flow (OCF) of BRL47.2bn—higher than in the year’s first quarter. The OCF demonstrates the company’s capacity to generate resources from its regular operations, being a relevant index to assess a company’s performance. […]
Petrobras Revises CAPEX for 2024
(Petrobras, 8.Aug.2024) — Petrobras, pursuant to CVM Resolution No. 44/21, informs that its total CAPEX projection for 2024 has been revised to a range of investments between $13.5bn and $14.5bn, considering mainly a new CAPEX for the E&P segment of $11.1bn to $12.1bn for this year. This level of investment does […]
Huasun to Showcase Solar Products at Intersolar South America, Mexico
(Huasun, 7.Aug.2024) — Huasun Energy, a manufacturer in n-type silicon-based heterojunction (HJT) solar technology, is set to return to Latin America with a notable presence at both Intersolar South America from 27-29 August 2024 and Intersolar Mexico from 3-5 Sep. 2024. The company will present the latest developments in its technology and product range of […]
Petrobras, Findes, and Govt of Espírito Santo Ink Protocol for CCS
(Petrobras, 6.Aug.2024) — Petrobras signed a protocol of intentions with the State Government and Federação das Indústrias do Espírito Santo (Findes) to study CCUS and low-carbon hydrogen projects. One of the goals is to assess the feasibility of implementing a CCUS HUB and facilities to produce low-carbon hydrogen for decarbonizing the […]
SLB OneSubsea Inks Deal with Petrobras Offshore Brazil
(SLB, 2.Aug.2024) — SLB announced a major contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for their standardized, pre-salt subsea production systems and related services. The scope covers the further development of two oil fields in the strategically important Santos Basin. As part of the […]
Petrobras to Acquire Undersea Equipment for Santos and Campos Basins
(Petrobras, 1.Aug.2024) — Petrobras has signed the first contract to acquire undersea equipment to start implementing the Atapu 2 and Sépia 2 projects. The equipment will be installed in the Santos Basin’s pre-salt layer and the Campos Basin Roncador field. The commercial agreement was closed with the SLB OneSubsea group, and […]
PETRONAS and SIM Distribuidora to Pilot Three Fuel Stations in Brazil
(Petronas, 1.Aug.2024) — Petroliam Nasional Berhad (Petronas) launched its first brand licensing initiative in partnership with SIM Distribuidora, that will operate three pilot fuel retail stations in Brazil. Strategically positioned in key urban locations, the three Petronas-branded fuel retail stations will provide customers with convenient access to Petronas’ high performance […]
FPSO Almirante Tamandaré Departs for Brazil from Shipyard in China
(Petrobras, 31.Jul.2024) — The Almirante Tamandaré platform ship left the CMHI shipyard in China on 31 July 2024, bound for the Búzios field. The FPSO (floating production, storage, and offloading) platform will be the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 […]
Petrobras Reports 2.4% Rise in Oil and Gas Production in 12 Months
(Petrobras, 29.Jul.2024) — Petrobras ended the second quarter of 2024 (2Q24) with an average production of 2.7 million barrels of oil equivalent per day (boed), an increase of 2.4% compared to the same period last year (2Q23). The increase was driven by the ramp-up in production of the FPSOs Almirante […]
Petrobras Sells Bunker Fuel with Renewable Content
(Petrobras, 25.Jul.2024) — This week, Petrobras sold a marine fuel with renewable content (the VLS B24) to supply ships off the Brazilian coast. Petrobras is the country’s first company to deliver a bunker to the market with 24 % second-generation biodiesel (produced from agro-industrial waste). The commercial operation reinforces Petrobras’ strategy of […]
Petrobras Reveals Redemption Price for 4.750% Global Notes due 2025
(Petrobras, 24.Jul.2024) — Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) has delivered notices to the holders of the outstanding 4.750% Global Notes due 2025 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be 29 July 2024 […]
Petrobras and Braskem Complete Tests for Renewable Content Chemical Product
(Petrobras, 19.Jul.2024) — Petrobras has successfully finished a series of industrial-scale tests to produce a Light Hydrocarbon Stream (LHR) rich in ethylene, incorporating renewable content. Over the past year, this project, in collaboration with Braskem, has developed a viable renewable raw material for the chemical industry. The tests used ethanol derived from […]
Petrobras Updates on Reimbursement from Partners
(Petrobras, 19.Jul.2024) — Petrobras, following up on the release disclosed on 17 June 2024, informs that obtained the approval of partners in E&P consortiums for reimbursement to Petrobras related to adherence to the PGFN-RFB 6/2024 Transaction Public Notice (tax disputes of significant and widespread legal controversy). As previously reported, several Petrobras partners […]
World Bank Releases Report on Offshore Wind in Brazil
(World Bank, 17.Jul.2024) — The World Bank Group released a study on “Scenarios for Offshore Wind Development in Brazil” conducted by DNV, the global independent energy expert and assurance provider. This report is one of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under its Offshore […]
Record Production of S-10 Diesel at RPBC
(Petrobras, 15.Jul.2024) — In the second quarter of this year, the Presidente Bernardes Refinery (RPBC) in Cubatão (SP) recorded a record in the production of S-10 diesel. It produced 990,000 m³, surpassing the previous mark of 966,000 m³ in the third quarter of 2023. The figure is also higher than that […]
Petrobras to Market Bunker with Renewable Content
(Petrobras, 11.Jul.2024) — Petrobras obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to market maritime fuel with renewable content. The company is the first in the country to receive authorization to deliver a bunker with 24% biodiesel to the market. VLS (Very Low Sulfur) B24, produced […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
Petrobras Inks Master Agreement with Yara Brasil Fertilizantes S.A.
(Petrobras, 9.Jul.2024) — Petrobras has signed a Master Agreement with Yara Brasil Fertilizantes S.A. as a next step in its negotiations to structure potential business partnerships in the fertilizer segment, production of industrial products and decarbonization of production, in line with the Memorandum of Understanding (MOU) signed by the parties on […]
3R on Approval of Merger of Enauta by CADE
(3R, 5.Jul.2024) — 3R PETROLEUM ÓLEO E GÁS S.A. and Enauta Participações S.A., under the terms of CVM Resolution No. 44, 23 Aug. 2021, regarding the transaction involving the merger of Maha Energy (Holding) Brasil Ltda. into 3R, and of the merger of Enauta shares into 3R, communicate to its […]
Petrobras informs on the Addendum to the Cessation Commitment (TCC)
(Petrobras, 5.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on 22 May 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (“TCC”) for Refining, signed in 2019, through which new obligations were agreed involving […]
Petrobras on Addendum to the TCC for Gas Sign with CADE
(Petrobras, 3.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (”TCC”) for Gas, signed on 8 July 2019. As announced by Petrobras, the addendum results from […]
Termination of Contract for FPSO Cidade Santos Acquisition
(Enauta, 1.Jul.2024) — Enauta Participações, considering the Material Fact disclosed on 21 Dec. 2023, informs that it has notified MODEC of the termination of the contract to acquire FPSO Cidade de Santos, as provided by contract, which also provides for reimbursement to Enauta of 50% of the amount disbursed at […]
Petrobras on Transfer of Minority Stake in UEG Araucária S.A. (UEGA)
(Petrobras, 1.Jul.2024) — Petrobras, following up on the release disclosed on 23 Feb. 2024, in which it reported the signing of the contract for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA) to Ambar Energia S.A., announces today that it has closed the transaction. […]
EAI’s NRGBriefs: June 2024
(Energy Analytics Institute, 30.Jun.2024) — Energy briefs as well as others related to finance and projects during June 2024 including Wintershall Dea and its partners from TotalEnergies and Pan American Energy have started development drilling at the Fenix field in Argentina; Trendsetter Engineering has been awarded a significant contract by […]
Petrobras Informs on Unigel Contract
(Petrobras, 28.Jun.2024) — Petrobras, following up on the releases disclosed on 29 Dec. 2023 and 5 Feb. 2024, informs that the contract for Industrialization to Order (Tolling) signed with Unigel Group, signed on 29 Dec. 2023, did not have its conditions of effectiveness met within the established period (27 Jun. 2024) […]
Petrobras on New BOD Member Elections
(Petrobras, 28.Jun.2024) — The Petrobras Board of Directors elected the following members to the company’s executive board in a meeting held this Friday (06/28): Renata Baruzzi (Executive Director of Engineering, Technology, and Innovation), Sylvia dos Anjos (Executive Director of Exploration and Production), and Fernando Melgarejo (Executive Director of Finance and Investor […]