Oil and natural gas production at Brazil’s flagship pre-salt fields surged 50% in April compared to the same period last year, operator Petrobras said earlier this week when disclosing its monthly output data.
British private equity firm, Actis, has purchased 346-megawatt onshore wind capacity in Brazil, through the undisclosed acquisition of two wind farms in the country’s northeast region from local Casa dos Ventos.
Brazil’s oil and gas company Petrobras has invited companies to take part in the bidding process to sell a 100% stake in its onshore Azulão gas field, located in the Amazon Basin, northern Brazil, Kallanish Energy learns.
Brazil’s offshore drilling firm, Odebrecht Óleo & Gás (OOG), is expected to make an out-of-court debt restructuring announcement early this week, after gaining support from more than 60% of its creditors, two people close to the matter said last Friday.
Brazilian oil and gas company Petrobras has posted its highest quarterly earnings in two years, a BRL 4.45 billion profit in the Jan-March period vs a loss of BRL 1.25 billion a year ago, Kallanish Energy learns.
Brazilian oil company Petrobras announced on Wednesday its board of directors approved the new divestment portfolio, with around 40 assets including a Texas-based refinery and a stake in Petrobras Oil & Gas BV, holding assets in Africa.
Brazil’s state-run oil company Petrobras reported a 3.6% drop in its domestic oil production in March due to maintenance stoppages, but overseas production was up 4% month-on-month, Kallanish Energy learns.
Brazilian industrial power consumers have been partly spared an additional power tariff that will be charged in the second half of the year, after a federal court issued on Monday an injuction in their favor, Kallanish Energy learns from state-run utility Eletrobras.
Brazilian state-run oil firm, Petrobras, will present a new portfolio for divestment in within two weeks, in which it plans to detail the assets it will aim to dispose in order to raise its targeted $21 billion in the next two years, Kallanish Energy reports.