SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 24.Jul.2025, Words: 241) — Petrobras, in relation a petition filed with the Administrative Council for Economic Defense (CADE), has requested to join as a third party in the merger review proceedings evaluating the possible purchase of shares in NSP Inv., […]
Tag: CADE
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 […]
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 […]
Lula Team Wants to Halt Petrobras Sale of Nat Gas Assets
(Bloomberg, 6.Jan.2023) — Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned […]
Petrobras on NTS Contracts
(Petrobras, 3.Oct.2022) — Petrobras, following up on the release disclosed on 22 December 2021, informs that, as part of the actions taken to open the Brazilian natural gas market, signed, in 30 September 2022, with Nova Transportadora do Sudeste S.A. (NTS) the Flexibility Reduction Agreement to be used by Petrobras […]
Petrobras to Divest E&P assets in the EspĂrito Santo Basin
(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed on 23 June 2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt […]
Petrobras on Gaspetro Sale
(Petrobras, 22.Jun.2022) — Petrobras, following up on the release disclosed on 07/28/2021, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved by majority vote the transaction for the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia […]
CADE Approves Petrobras’ Sale of REMAN to Ream Participações S.A.
(Petrobras, 13.May.2022) — Petrobras, following up on the release disclosed on 03/10/2022, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the sale of Refinaria Isaac Sabbá (REMAN) to Ream Participações S.A.. The final and unappealable approval of the transaction by CADE […]
Petrobras On Expression Of Interest In BĂşzios Field
(Petrobras, 29.Sep.2021) — Petrobras, following up the release disclosed on 24 August 2021, informs that the partner CNOOC Petroleum Brasil Ltda. expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the BĂşzios field, in […]
Brazil Gas Disputes Rise As Open Market Nears
(Argus, 27.Sep.2021) — Tensions are mounting in Brazil’s natural gas industry among players eager to maintain their positions or broaden their stakes as the country’s gas market prepares to open up in January. Disputes in the new Brazilian gas sector are on the rise and may well end up in […]
Petrobras Inks Deal To Divest Power Companies
(Petrobras, 29.Jul.2021) — Petrobras, following up on the release disclosed on 11 September 2020, signed contracts for the sale of its 20% stakes in TermelĂ©trica Potiguar S.A. (TEP) and 40% in Companhia EnergĂ©tica Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM […]
Petrobras Divests Stake In Rabo Branco Field In Sergipe
(Petrobras, 10.May.2021) — Petrobras, following up on the release disclosed on 11 December 2020, signed with Petrom Produção de PetrĂłleo & Gás Ltda. a contract for the sale of its entire 50% stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. […]
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
Petrobras Inks Deal To Divest RLAM
(Petrobras, 24.Mar.2021) — Petrobras, following up on the release disclosed today, informs that it has signed a contract with MC Brazil Downstream Participações, a company of the Mubadala Capital group, for the sale of the company’s shares that will hold the Landulpho Alves Refinery (RLAM) and its associated logistics assets, […]
No Bids By Petrobras For Renting Of LNG Terminal
(Petrobras, 1.Feb.2021) — Petrobras, following up on the release disclosed on 1 October 2020, informs that the bidding process started on 3 August 2020 was ended, with no valid proposals, and that the company published, on today’s date, Bid Notice 002, aiming to determine a new deadline for the accreditation […]
Petrobras On Amendments To Deals With CADE
(Petrobras, 18.Jan.2021) — Petrobras in relation to the news published in the media clarifies that the company did not sign the amendment to the Commitment Agreement (“TCC”) signed with the Administrative Council for Economic Defense (CADE) for the refining market. The draft of the amendment was approved by CADE to […]
Petrobras Inks Deal To Divest Mangue Seco 1
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 4 May 2020, informs that it signed today with V2I TransmissĂŁo de Energia ElĂ©trica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the sale of the totality of its stake of 49% in EĂłlica […]
Petrobras Inks Deal To Divest Mangue Seco 3 And 4
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 12 June 2020, informs that it signed today with V2I TransmissĂŁo de Energia ElĂ©trica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the joint sale with Wobben Windpower IndĂşstria e ComĂ©rcio Ltda (Wobben) of […]
Petrobras Comments On Gaspetro’s Divestment
(Petrobras, 30.Dec.2020) — Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 22 December 2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the […]
Petrobras On Transpetro Share Capital Reduction
(Petrobras, 29.Dec.2020) — Petrobras informs that, as sole shareholder, it approved today the reduction of share capital of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), in the amount of R$557,020,835.82 (around $107.2mn), in an Extraordinary General Meeting of Transpetro. The capital reduction was made at book value, with no change […]
Petrobras Comments On Gaspetro Divestment
(Petrobras, 30.Nov.2020) — Petrobras, following up on the release disclosed on 27 November 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), clarifies that the company Compass Gás Energia S.A. (Compass) was not qualified for the continuation of the divestment process of 51% of Gaspetro capital stock for not meeting […]
Petrobras Comments On Liquigás Divestment
(Petrobras, 18.Nov.2020) — Petrobras, following up on the release disclosed on 19 November 2019, informs the Administrative Council for Economic Defense (CADE), in a Court session held on this date, approved the sale of Liquigás Distribuidora S.A., a wholly-owned subsidiary of Petrobras, to the acquiring group composed of ItaĂşsa S.A., […]
Petrobras To Waive Capacity At Regasification Terminal
(Petrobras, 29.Sep.2020) — Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated 29 September 2020, and further to the notice disclosed on 3 August about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the SĂŁo SebastiĂŁo […]
Petrobras Inks Deal To Sell Onshore Tucano Basin Fields
(Petrobras, 9.Mar.2020) — Petrobras signed an agreement with Eagle Exploração de Ă“leo e Gás Ltda. for the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, for US$ 3.01 million. The sale price will be paid […]
Petrobras Cuts Bolivia Gas Offtake By 30pc
(Argus, 6.Mar.2020) — Brazil’s state-controlled Petrobras signed an agreement with its Bolivian counterpart YPFB to reduce its natural gas offtake to 20mn mÂł/d from 30mn mÂł/d, clearing the way for the Bolivian company to sign contracts directly with clients in Brazil. Today’s agreement modifies a 1999 contract for 30mn mÂł/d […]
Petrobras Says Sale Model For Gaspetro Not Defined
(Petrobras, 3.Feb.2020) — Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), clarifies that the sale model of the subsidiary is not yet defined. Petrobras, within the scope of its active portfolio management, has already started studies […]
Petrobras To Lease LNG Regasification Terminal
(Petrobras, 9.Dec.2019) — Petrobras, in accordance with the commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the […]
Petrobras Inks Deal To Divest Frade Field
(Petrobras, 28.Nov.2019) — Petrobras signed with PetroRio Jaguar PetrĂłleo Ltda., subsidiary of Petro Rio S.A., a contract on 28 Nov. for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for $100 million. Currently, PetroRio holds […]
Petrobras Clarifies Gas Market Agreement
(Petrobras, 5.Nov.2019) — Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on July 8, 2019. It is worth mentioning the pre-established commitments in the agreement and that have been fulfilled by Petrobras: […]
Brazil To Reduce Natgas Imports From Bolivia
(Merco Press, 5.Aug.2019) — The Brazilian oil company Petrobras has announced that in the coming months it will reduce its imports of Bolivian natural gas, which it still considers to be essential nonetheless. “We are negotiating a new contract with Bolivia to reduce imports,” said Petrobras CEO Roberto Castello Branco, […]
Brazil Approves Pro-market Gas Regulations
(Argus, 25.Jun.2019) — Brazil’s national energy policy council (CNPE) approved regulations that will open the country’s natural gas market and reduce the dominant position of state-controlled Petrobras. The new regulatory framework, which was announced in April, would end Petrobras’ monopoly in gas production and distribution, with the goal of reducing […]
Petrobras BODs Gives Thumbs Up To Potential Refinery Sales
(Petrobras, 26.Apr.2019) — Petrobras announced that the Board of Directors, in a meeting held today, approved  new guidelines for the management of its asset portfolio. The guidelines are in line with the Resilience Plan, released on 03/08/2019, being part of the preparation process of the 2020-2024 Business and Management Plan, […]