Brazilian state-controlled oil and gas company Petrobras saw its output decline slightly in February, on a monthly basis, amid scheduled stoppages at platforms. Total oil and gas output reached 2.82 million barrels of oil equivalent per day (MMMBOE/d) last month, compared to 2.86 MMBOE/d in January.
Brazilian state-run oil company Petrobras and French supermajor Total have signed definitive contracts for the $2.22 billion deal in which Total will gain access to Brazil’s low-cost production pre-salt oilfields, Kallanish Energy learns.
Spanish renewable developer Iberdrola will gain sole control of two Brazilian onshore wind energy companies holding a combined capacity of 288 megawatts (MW), thanks to the acquisition of a 50% remaining stake from Brazil’s developer Neoenergia.
Brazilian state-run oil company Petrobras said its board of directors approved new settlements with four individual lawsuits in a U.S. federal court in New York last Friday, ending to date 19 individual actions, Kallanish Energy learns.
Italian utility group Enel has completed the acquisition of Brazilian distribution company CELG for BRL 2.18 billion ($640 million) following a public tender last November, Kallanish Energy learns from the company.
Brazilian state-run oil company Petrobras reported a 3% monthly drop in its domestic crude oil production during January to an average of 2.33 million barrels per day (MMBPD) due to a planned stoppage at its P-40 platform, Kallanish Energy learns.