The Brazilian Administrative Council for Economic Defense (CADE) has approved the sale of RLAM refinery to Mubadala Capital.

Petrobras announced that its board of directors has approved the proposal of establishing with the Industrial Plant Development and Modernization Company (CDMPI)

A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has presented non-binding offer for buying the two Brazilian oilfields of Albacora and Albacora Leste.

Petrobras comoany announced that it will sell its Landulpho Alves Refinery (RLAM), to the UAE’s Mubadala capital Company as it presented the best offer in an amount of $1.65 billion,

Petrobras company announced that it has completed its 30% stake sale from the Frade field which is located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remaining 70% share.

The Brazilian State- controlled Oil Producer Petrobras agreed to sell it remaining shares in BR Distribuidora if its stock recovers to BRL 26 per share.

Brazil’s state-run oil company, Petrobras, has announced that production in 2020 should surpass previously disclosed estimates as production is ramped up at offshore oilfields.

Brazil’s state-run oil producer, Petrobras, has plans to spend $6 billion by 2024 to decommission 18 offshore platforms.

French oil and gas major, Total, has announced its agreement to transfer the company’s equity in five exploration blocks to Brazil’s state-run Petrobras.

France’s oil major, Total, notified its partners on August 19 that the company will resign from its role of operator for five exploration blocks offshore Brazil.