The Brazilian government is studying the possibility of privatizing state-run oil company Petrobras via a share sale, Fernando Bezerra, the head of the government in the Senate, told Reuters on Monday. He said it was...
Aguila Energia’s $1.5 billion bid for Petrobras’ Bahia fields tops rivals’, sources say
A consortium led by Aguila Energia has placed the highest bid for Brazilian state-run oil company Petrobras’ Bahia onshore fields, offering over $1.5 billion, according to two sources with knowledge of the situation...
Brazil’s 3R Petroleum in talks to buy Petrobras’ Polo Potiguar for over $1 bln
Brazil’s Petrobras is in talks with 3R Petroleum Oleo e Gas SA to sell a refinery and dozens of oil fields for more than $1 billion, the company said on Friday, a deal that would prove transformational for 3R if...
Brazil’s Petrobras sells REMAN refinery, RNEST finds no buyers
Brazil’s state-run oil company Petrobras said on Wednesday it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 million to Ream Participações S.A., a subsidiary of...
Brazil’s Petrobras finalizes Rio Ventura oilfield sale to 3R
Brazil’s Petrobras has finalized the sale of its Polo Rio Ventura onshore oil assets to a subsidiary of 3R Petroleum Oleo e Gas SA, the companies said in separate securities filings on Wednesday. Petroleo Brasileiro SA...
Petrobras’ Albacora seen drawing at least three buyers – sources
Petrobras’ Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters...
Petrobras raises $2.3 billion in sale of fuel distributor stake
Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, said on Wednesday it raised 11.36 billion reais ($2.3 billion) in the largest share offering of the year in the country. Petrobras divested its...
Petrobras signs contract to sell RLAM refinery to Mubadala Capital
Petroleo Brasileiro SA said on Wednesday it had signed the contract to sell its RLAM refinery to Abu Dhabi’s Mubadala Capital for $1.65 billion, in a victory for outgoing Chief Executive Roberto Castello Branco. Earlier...
Future of Petrobras refinery sales in doubt, three source close to bidders say
The future of state-run oil company Petrobras’s refinery sales is in doubt after the Brazilian government moved to replace Chief Executive Roberto Castello Branco, three people close to the bidders said on Friday. The...
Brazil’s Eneva in direct talks for Petrobras’ Urucu cluster
Brazilian energy firm Eneva SA has entered into direct talks with state-run oil firm Petrobras to purchase a complex of oil and gas fields in the Amazon rainforest known as the Urucu cluster, the companies said in...
EIG sells stake in Brazil-Bolivia pipeline, eyes Petrobras assets
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said on...
Petrobras says Starboard offers highest bid for Papa-Terra oilfield
Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltda has bid $90 million for its Papa-Terra oilfield in the Campos Basin, a securities filing late on Tuesday showed. Petrobras added...