Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem, newspaper Valor Economico reported on Thursday, citing unnamed sources. Petrobras is one of Braskem’s...
Brazil’s Petrobras to keep stake in Colombia’s deepwater block Tayrona
Brazil’s state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia’s Ecopetrol in the Andean country, a Petrobras executive...
Norway’s Yara close to acquiring Brazil’s Petrobras fertilizer unit
Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday. Petrobras...
Brazil’s Petrobras starts sale of stake in UEG Araucaria
Brazilian state-run oil company Petrobras started the non-binding phase of the sale of its 18.8% stake in electricity distributor UEG Araucaria SA, it said in a securities filing. UEG Araucaria, a joint venture between...
Brazil’s Petrobras to sell deepwater assets to BW Energy for up to $75 mln
Brazilian oil company Petrobras’ management approved the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway’s BW Energy Ltd. The sale is part of...
Brazil’s regulator approves Petrobras sale of Gaspetro stake
Brazil’s antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras’ 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is...
Brazil’s Petrobras sells stake in Deten Quimica for $117 million
Brazil’s Petrobras said on Wednesday its board approved the sale of its 27.88% stake in Deten Quimica SA for 585 million reais ($117.84 million) to Cepsa Quimica SA. The buyer already owns a 69.94% stake in Deten...
Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake
Brazil’s Petrobras started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region. Potential buyers classified for this phase will receive...
Brazil’s Eneva, PetroReconcavo, 3R bid for Petrobras onshore fields, sources say
Brazilian energy companies Eneva SA, PetroReconcavo SA and 3R Petroleum Oleo e Gas are among companies that submitted binding offers on Tuesday for a cluster of onshore oilfields owned by state-run Petrobras, three...
Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three...
Braskem announces share offering, as Petrobras and Novonor divest their stakes
Brazilian petrochemical producer Braskem SA filed with the Securities and Exchange Commission on Friday for a share offering in which Petrobras and Novonor will sell their stakes in the petrochemical company. The...
Petrobras sells shale oil unit to Canadian bank
Brazil’s state-run oil company Petrobras signed a contract to sell its Shale Industrialization Unit (SIX) for $33 million to Forbes & Manhattan Resources, it said in a filing on Thursday. The refining unit is...