The National Economic Prosecutor’s Office (FNE) authorized this Monday the sale of the subsidiary of the Brazilian Petrobras in Chile to the Saudi oil company Aramcowhich allows it to enter the South American market. In a report issued five months after the sale was subject to its decision, the FNE argued, among other reasons, that […]
Tag: Petrobras
Oil company Petrobras begins drilling in the controversial Equatorial Margin
The Brazilian state Petrobras announced this Saturday that it began drilling in the new oil horizon known as the Equatorial Margin, a region located in the north of the country and whose exploitation has caused controversy due to its proximity to the mouth of the Amazon. The company began work in search of oil and […]
Petrobras: decision to drill near the Amazon expected in early 2024
The Brazilian protection agency environment Ibama plans to decide early next year whether the state oil company Petrobras can drill near the mouth of the Amazon River, the president of the organization, Rodrigo Agostinho, said on Wednesday. The area is part of Brazil’s Equatorial Margin, which Petrobras considers its most promising new frontier for oil […]
Brazil reaffirms confidence to explore oil in front of the mouth of the Amazon River
He Brazilian government reaffirmed this Saturday his confidence that Petrobras will receive the license to explore oil in front of the mouth of the Amazon Riveran area considered vulnerable, after the oil company received authorization to drill in two nearby areas. The confidence was expressed by the Minister of Mines and Energy, Alexandre Silveirain a […]
Aramco: the most powerful oil company in the world arrives in South America and buys Esmax Chile
The Saudi oil giant Aramco arrived in South America and its first foray has been the purchase of Esmax Distribución de Chile, a company that operates the Petrobras license in that country in the retail market. Aramco, considered the most powerful oil company in the world, will acquire 100% of the shares of Esmax, in […]
Petrobras signs agreement with Mubadala for the development of biofuels
The Brazilian state oil company Petrobras announced this Monday that it signed an agreement with the Emirati fund Mubadala to study future businesses in the field of biofuels. Petrobras said in a statement sent to the financial market that, based on the memorandum of understanding, it will evaluate its participation in an oil refining project […]
Brazilian Petrobras says that Petro’s proposal has no consensus, not even in Colombia
The president of the Brazilian oil company PetrobrasJean Paul Prates, said this Wednesday that the proposal that the countries of the Amazon suspend the exploration of hydrocarbons, presented in the Summit by the head of state of Colombia, Gustavo Petro, does not have a consensus, not even in his country. “What is observed in the […]
Petrobras studies investments in energy transition abroad, says executive
Petrobras It will seek to diversify its portfolio to reduce its exposure to the oil sector, and is studying investments in energy transition projects also abroad, the executive director of Energy Transition and Sustainability, Maurício Tolmasquim, said on Wednesday. The oil company has already started talks with companies abroad but still “There is nothing concreteTolmasquim […]
Petrobras will pursue large-scale renewable energy projects, CEO says
Petrobras Its strategy will be to analyze and finance large renewable energy projects and will be able to evaluate new partnerships with companies in the sector with that objective, its president said on Tuesday. jean paul prates. The executive announced on Monday that the company is studying, together with the Norwegian Equinor, the installation of […]
Lula’s strategy for Petrobras worries investors
Brazilian President Luiz Inácio Lula da Silva, has pledged to lead state oil giant Petrobras in a more populist direction and the investors they are not happy. Petroleo Brasileiro SA it will shield consumers from sharp swings in fuel prices and increase investment in refining projects to curb fuel imports, according to initial comments from […]