Tag: Oil & Gas
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Ibovespa closed with a 1.46% increase on Monday and rose 3.27% in July. What drove the index’s growth?
The index registered its fourth consecutive month of gains, primarily driven by commodities-related stocks this time. In July, the Ibovespa closed with a 3.27% increase, marking its fourth consecutive monthly gain. On the last trading day of the month (July 31st), the main index of the Brazilian stock exchange rose, driven by commodity exporters and…
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Petrobras (PETR4) announces a new dividend policy and will pay 45% of free cash flow to shareholders
The new policy allows for share buybacks, which, when executed, will be carried out through an approved structured program by the Council. The Board of Directors of Petrobras (PETR3; PETR4) announced on Friday (28th) that it has approved its new dividend policy, which also allows for share buybacks, according to a document sent to the…
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Tapping into Brazil’s Renewable Energy Potential: Foreign Investment Opportunities in the Energy Sector
Brazil stands as a beacon of opportunity in the energy sector, particularly in the realm of renewable energy. With its abundant resources and commitment to sustainability, the country offers attractive investment prospects for foreigners seeking to participate in the energy transition. In this blog post, we will explore the investment opportunities in Brazil’s energy sector,…
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Petrobras to raise up to US$ 2.3 Billion in IPO of it’s distribution subsidiary
BR Distribuidora, distribution arm of Petrobras (PBR), started yesterday the process that should be the largest IPO since 2013 in Brazil. With the sale of a maximum of 33.75% of its stake in BR, the parent company Petrobras may raise up to R$ 7.5 billion (US$ 2.3 Bi), an important figure for its divestment plan.…
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After the Merge with BG, Shell will have 20% of its Global Production in Brazil
Responsible for the biggest oil industry M&A deal in the past decade, the president of Royal Dutch Shell, Ben van Beurden, does not rule out increasing the company’s exposure in Brazil, expanding the already billionaire investment program that will be put in place following the merger with BG. After the merger of $ 70 billion…