(Petrobras, 31.Oct.2023) — The Board of Directors of Petróleo Brasileiro S.A. (Petrobras) invites the company’s shareholders to meet at the Extraordinary General Meeting, to be held on 30 November 2023, at 2:00 p.m. (GMT-3 time zone) partially by digital form, pursuant to Resolution No. 81 of the Brazilian Securities and Exchange […]
Tag: Petrobras
Venezuelan Oil Sanctions Relief at Risk as Court Suspends Opposition Primary Results
(S&P Global, 30.Oct.2023) — The Supreme Court of Justice (TSJ) in Venezuela ordered the suspension of the results of the opposition’s primary elections which was claimed to be won by María Corina Machado, and proclaimed as presidential candidate of the opposition, a decision that could put the relief of US […]
![Petrobras Releases 3Q:23 Production and Sales Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/brazil-3q23-sale-rpt-source-petrobras.png)
Petrobras Releases 3Q:23 Production and Sales Report [PDF Download]
(Petrobras, 26.Oct.2023) — In 3Q23, average production of oil, NGL and natural gas reached 2.88 MMboed, 9.1% higher than in 2Q23, mainly due to the better operational performance of the pre-salt platforms and the lower losses with stoppages and maintenance, besides the ramp-up of platforms P-71 in the Itapu field, […]
Petrobras on CARF Judgment Result
(Petrobras, 26.Oct.2023) — Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), heard and granted, by majority vote, the appeal filed by the National Treasury, limiting the deductibility of regular […]
Petrobras on Talks with Bolivia’s YPFB
(Petrobras, 26.Oct.2023) — Petróleo Brasileiro S.A. (Petrobras), regarding the pieces of news published in the media, informs that a mission of Petrobras executives was carried out in Bolivia with representatives of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). On that occasion, Petrobras executives heard about the opportunities presented by YPFB representatives, none […]
Petrobras on Proposal to Revise its Bylaws to be Submitted to EGM
(Petrobras, 23.Oct.2023) — Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to the Extraordinary General Meeting (EGM), to be convened in due course. The objectives of the revision of Petrobras’ Bylaws are to create a capital remuneration […]
Petrobras Breaks Monthly, Quarterly Production Records
(Petrobras, 16.Oct.2023) — Petrobras broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 […]
Petrobras Informs About 3Q:23 Results
(Petrobras, 13.Oct.2023) — Petrobras will release its 3Q23 Production and Sales Report on 26 October 2023, and its 3Q23 Financial Performance Report on 9 November 2023, both after the markets close. On 10 November 2023, a webcast will be held to present the company’s results for the third quarter of […]
Petrobras Achieves High Level of Utilization of its Refineries
(Petrobras, 10.Oct.2023) — Petrobras informs that in September its refining units reached 97% utilization for the second consecutive month. As a result, the Total Utilization Factor (FUT) of the refineries in 3Q23 reached 95.8%, the best result since 2014. The largest refinery in the country, the Paulínia Refinery (Replan), broke […]
Brazil’s Petrobras on CARF Judgment
(Petrobras, 6.Oct.2023) — Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
Petrobras on Declaration of Commerciality in Campos Basin Pre-salt
(Petrobras, 21.Sep.2023) — Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on 20 September 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. […]
Petrobras on Payment of Remuneration to Shareholders
(Petrobras, 20.Sep.2023) — Petrobras, following up on the Material Fact of 11 May 2023, informs that it will pay today the second installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$0.946789 per common and preferred share in the […]
Petrobras Clarifies News on Braskem
(Petrobras, 18.Sep.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]
Brazil Calls on Rich Nations to Pay for Global Energy Transition
(Bloomberg, 17.Sep.2023) — Brazil is calling on wealthy nations to pay for the world’s transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries “cannot finance an energy transition in the mold of Europe and the US,” and […]
Petrobras Updates on Offshore Wind Protocol at IBAMA
(Petrobras, 15.Sep.2023) — Petrobras, following up on the release disclosed to the market on 13 September 2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability […]
Petrobras Comments on RNEST
(Petrobras, 14.Sep.2023) — Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 29 June 2023, the co. decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery – RNEST, after a decision based on a careful […]
Petrobras Inks Deal to Evaluate Renewable Energy Opportunities
(Petrobras, 14.Sep.2023) — Petrobras informs that on 14 September 2023 it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate renewable energy projects in Brazil. The aim is to develop joint studies to study business opportunities in onshore wind, offshore wind, solar and low-carbon hydrogen […]
Petrobras Inks Partnership with WEG for Onshore Wind
(Petrobras, 13.Sep.2023) — Petrobras has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt (MW) onshore wind turbine, the first of this size to be manufactured in Brazil. This project represents an important milestone for Petrobras, as it will […]
Petrobras Executes First Purchase of Carbon Credits
(Petrobras, 5.Sep.2023) — Petrobras has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon […]
Petrobras Updates on Asset Divestments
(Petrobras, 4.Sep.2023) — Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage […]
Petrobras Inks Biofuels Agreement
(Petrobras, 4.Sep.2023) — Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a multi-strategy equity investment fund of the Mubadala Capital Group, to develop studies covering future business in the downstream segment, with emphasis on evaluating Petrobras’ participation in a biorefining project. The Mubadala Capital […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Petrobras Inks Deals with Chinese Banks
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Petrobras Inks Closing of Golfinho and Camarupim Clusters
(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim […]
Petrobras Inks Deal with CDB and Bank of China
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Petrobras Inks Closing of Golfinho and Camarupim Clusters
(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has today concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and […]
Petrobras Gets Help From Brazil’s Attorney General to Explore the Amazon
(Bloomberg, 23.Aug.2023) — Brazil’s government may have lifted one of the key hurdles for Petrobras to drill at a promising offshore oil region, a move that could escalate a standoff between the oil company and environmental authorities. A major impact study that the Ibama environmental agency is demanding isn’t necessary […]
Petrobras on Braskem Due Diligence Process
(Petrobras, 22.Aug.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 18.Aug.2023) — Petrobras, following up on the Material Fact of 11 May 2023, informs that it will pay today the first installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946788 per common and preferred share, of […]
Petrobras on New IR Executive Manager
(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 […]
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, […]
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 […]
![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, […]
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 […]