Gulf Oil and Gas accountACCOUNT

Petrobras on Arbitration Involving Sete Brasil

Source: www.gulfoilandgas.com 8/10/2020, Location: South America

Petrobras, following up on the release dated July 29, 2020, informs that it paid Fundação Petrobras de Seguridade Social (Petros) R$ 950 million, regarding the full amount of the agreement with Petros on the arbitral dispute related to the investment in Sete Brasil.

The agreement extinguished the dispute without acknowledgment of guilt or liability by both parties and does not affect other lawsuits or arbitrations involving the parties, as well as other disputes involving the investment in Sete Brasil.

Finally, Petrobras remains in defense of its interests in the ongoing proceedings.

Acquisitions and Divestitures News in Brazil >>

Russia >>  3/8/2021 - PetroNeft (PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is pleased to announce that the ac...
United Kingdom >>  3/5/2021 - The Oil and Gas Authority (‘OGA’) has received an application for a Carbon Dioxide Appraisal and Storage Licence pursuant to Chapter 3 of the Energy ...

Brazil >>  3/4/2021 - Petro Rio S.A., following best corporate governance practices and in addition to the Material Fact of November 19, 2020, informs its shareholders and ...
Spain >>  3/3/2021 - Warrego Energy Limited is pleased to announce the completion of the acquisition of a 50.1% interest in El Romeral, an integrated gas production and po...

United States >>  3/3/2021 - IOG Capital, LP reported today that, on March 2, 2021, IOG Resources LLC, one of its affiliated companies, closed on the acquisition of certain produc...
Netherlands/Holland >>  3/2/2021 - On 3 November 2020, Neste announced that it would acquire Bunge Loders Croklaan's refinery plant in Rotterdam, the Netherlands. The refinery plant is ...




Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.