Petrobras Financial Performance in 4Q:23

(Petrobras, 7.Mar.2024) — Brazil’s state energy giant Petrobras released its financial results for the fourth quarter of 2023. Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced […]

Petrobras on Conclusion of Investigation into Unigel

(Petrobras, 4.Mar.2024) — Petrobras clarifies that its Governance and Compliance Department has concluded the investigation into possible interference by two of its directors in the processing of the procedure that led to the signing of the tolling contract with Unigel and has concluded that there is no confirmation of irregularities in […]

Petrobras and Arcelor Ink Deal Related to Low-Carbon Businesses

(Energy Analytics Institute, 26.Feb.2024) — Brazil’s state-owned Petrobras signed a Memorandum of Understanding (MOU) with Arcelor Mittal Brasil that aims to study potential mutually beneficial business models in the low carbon economy. The companies look to identify commercial opportunities and potential partnerships in Brazil that align with diversification and decarbonization […]

Petrobras Makes Dividend Payment

(Petrobras, 20.Feb.2024) — Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 02/09/2024, informs that it will pay today the first installment of dividends and interest on capital (JCP) relating to the balance sheet of 30 Sep. 2023. The gross amount to be distributed today is R$ 0.68260418  […]

Petrobras on Dividend Payment

(Petrobras, 9.Feb.2024) — Petrobras, following up on the press releases published on 9 Nov. 2023 and 21 Nov. 2023, informs that it will pay on 20 Feb. 2024 the first installment of dividends and interest on capital (JCP) relating to the balance sheet of 30 Sep. 2023, based on the […]

Petrobras on BODs Received Nominations 

(Petrobras, 9.Feb.2024) — Petrobras confirms media reports that it has received nominations from the Ministry of Mines and Energy for election to the Board of Directors, to be held at the 2024 Annual General Meeting. The nominations will be submitted to the applicable governance assessments, including the company’s internal procedures, […]

Petrobras Inks Deal with ANP

(Petrobras, 6.Feb.2024) — Petrobras, following up on the release disclosed on 26 Apr. 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production […]

Petrobras Proved Reserves Reach 10.9 Billion Boe in 2023

(Petrobras, 26.Jan.2024) — Petrobras discloses its proved reserves of oil, condensate, and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.9 billion barrels of oil equivalent (boe), as of 31 Dec. 2023. Oil and condensate, and natural gas correspond to 84% and 16% of this […]

Petrobras Reaches 2023 Production Target 

(Petrobras, 26.Jan.2024) — Petrobras reached total oil and natural gas production of 2.78 MMboed in 2023, 3.7% higher than the production recorded in 2022. Commercial production of oil and natural gas was 2.44 MMboed and oil production 2.24 MMbpd. These results exceeded our Strategic Plan 23-27 guidances and were in […]

Petrobras on Board Member Appointment

(Petrobras, 26.Jan.2024) — Petrobras, further to the announcement made on 01/22/2024, informs that its Board of Directors has appointed Mr. Renato Campos Galuppo as a board member. The analysis and election process was submitted to the applicable governance procedures, and no impediment was found to the assumption of a management […]

EAI’s NRGBriefs: Dec. 2023

(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]

Petrobras Inks Deal with UNIGEL

(Petrobras, 29.Dec.2023) — Petrobras, following up on the releases published on 6 Jun. 2023 and 23 Jun. 2023, signed a contract with Unigel Participações S.A. for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and […]

Petrobras on Natural Gas Flow, Processing

(Petrobras, 29.Dec.2023) — Petrobras, together with Equinor Energy do Brasil Ltda. signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the CabiĂşnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador […]

Petrobras to Analyze Mubadala Capital Proposal

(Petrobras, 22.Dec.2023) — Petrobras has received a communication from Mubadala Capital proposing the formalization of recent discussions on the formation of a potential strategic partnership for the development of downstream in Brazil, in continuity with the memorandum of understanding released on 4 Sep. 2023. The initiative has as its scope […]

Petrobras on Dividend Payments

(Petrobras, 22.Dec.2023) — Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay next week, on 12/27/2023, the third installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to the Material Fact […]

Petrobras Informs on Petros Plan Equalization

(Petrobras, 22.Dec.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Deficit Equalization Plan for 2022 (PED-2022) of the Non-Renegotiated Petrobras System Petros Plan (PPSP-NR) and its submission for consideration by the Secretariat for Coordination and Governance of State-Owned Enterprises (SEST). The PED-2022 provides […]

Petrobras Updates on Asset Divestments

(Petrobras, 21.Dec.2023) — Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A., contracts for the assignment of its entire stake in the Uruguá and TambaĂş fields, in deep waters in the post-salt, located in the Santos Basin. […]

Petrobras Inks New Deal with Bolivia’s YPFB

(Petrobras, 15.Dec.2023) — Petrobras, further to the announcements made on 24 May 2022 and 5 Aug. 2022, informs that, after complying with internal governance procedures, it has signed a new amendment to the natural gas purchase agreement with Yacimientos PetrolĂ­feros Fiscales Bolivianos (YPFB). The amendment signed today changes the delivery […]

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 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 […]