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Petrobras posts 22% increase in quarterly profit, announces $3 billion in dividends

Reuters – November 8, 202412:28 AM GMT Brazilian state-run oil firm Petrobras (PETR4.SA) on Thursday reported an increase of around 22% in its third-quarter net profit, and announced $3 billion in dividends. The company posted a net profit of 32.6 billion reais ($5.7 billion) for the quarter ended in September. Adjusted earnings before interest, taxes, depreciation and…

Brazil’s main oil-producing field in the pre-salt region, Tupi, has reached the milestone of 3 billion barrels of accumulated oil, according to Petrobras.

O Globo – 28/10/2024 19h47 This is the first time an area operated by the state-owned company in Brazil has reached such an amount of extracted oil. Platforms have been active in this region of the Santos Basin for 15 years. The main oil-producing field in the Santos Basin pre-salt region, Tupi, reached an unprecedented…

Yinson Production’s FPSO Maria Quitéria achieves first oil

Yinson Production – 21 Oct, 2024 Yinson Production is pleased to announce that FPSO Maria Quitéria has achieved first oil on 15 October 2024, followed by a successful 72-hour test. This marks the commencement of the project’s firm charter, with contracted day rates being paid to Yinson Production for a period of 22.5 years, until…

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Reuters – September 16, 2024 – 6:17 PM RIO DE JANEIRO, Sept 16 (Reuters) – Petrobras’ (PETR4.SA) new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the…

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