Tag: Petrobras

Shareholders of Brazil's state-run oil company Petrobras have approved the sale of a 90 percent stake in pipeline unit Nova Transportadora do Sudeste (NTS) to a group led by Canada's Brookfield Asset Management.

Petrobras and Total S.A. have signed a memorandum of understanding (MOU) in the Exploration & Production (E&P) and Gas & Power (G&P) segments in Brazil and other critical locations around the globe.

Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU).

Mexico's Alpek SA de CV is expected to offer up to $700 million for Brazilian state-run oil company Petroleo Brasileiro SA's petrochemicals units in the northeastern state of Pernambuco, a source with direct knowledge of the matter told Reuters on Friday.

Brazil's Petróleo Brasileiro SA recently said that it plans to sell voting control of Petrobras Distribuidora SA after a bidding round for a minority stake in the fuels retailer failed to attract bids that met the state-controlled oil company's needs.

Brazil-controlled Petróleo Brasileiro SA (Petrobas) has entered exclusive talks with Brookfield Asset Management Inc. over the sale of natural gas pipeline unit Nova Transportadora do Sudeste SA, as part of a plan to dispose of $15 billion of non-essential assets by year-end.

Aker Solutions has secured an agreement to provide maintenance and other services for subsea facilities at Petrobras-operated oil and gas fields offshore Brazil.

Tecninox, the integrated manufacturing plant within Raccortubi Group, has been awarded Petrobras’ technical approval for its butt weld fittings. The news comes in quick succession of the launch of the Group’s latest subsidiary in South America, Raccortubi do Brasil Ltda.

The Petrobras LNG Regasification Terminal in Bahia has raised its regasification capacity up to 41MCM per day.Petrobras added the first regasified LNG from its new regasification terminal, located in Baía de Todos os Santos, Salvador, in the state of Bahia to the Brazilian gas pipeline network.

Petrobras posted a 29% higher net income for the period from January to September 2013 compared with 2012 due to higher operating result and lower impact of the exchange rate on the financial result.