Gulf Oil and Gas accountACCOUNT

Petrobras on Partial Overturn of Arbitral Award

Source: www.gulfoilandgas.com 11/11/2020, Location: South America

Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and improprieties, the partial sentence of the arbitration instituted by Fundacao Petrobras de Seguridade Pessoal (Petros) and Caixa de Previdencia dos Funcionários do Banco do Brasil (Previ) before the Market Arbitration Chamber (MAC) of B3.

With respect to the rules of the MAC, the lawsuit is processed in secret of justice.

Petrobras reiterates that it will continue to defend itself vigorously, in respect to its shareholders, in all arbitrations to which it is a party.

Acquisitions and Divestitures News in Brazil >>

Gabon >>  2/25/2021 - VAALCO Energy, Inc. has now completed the previously announced acquisition of Sasol Gabon S.A.’s (“Sasol”) 27.8% working interest(1) in the Etame Mari...
United Kingdom >>  2/25/2021 - Hibiscus Petroleum Berhad is pleased to announce that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited (“AHUK”) has executed a Sal...

Brazil >>  2/24/2021 - Petrobras, following up on the release disclosed on 04/03/2018, informs that it signed with SPE Miranga S.A., a wholly owned subsidiary of PetroRecônc...
United Kingdom >>  2/24/2021 - ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-o...

United States >>  2/24/2021 - Derby Energy, LLC, an Oklahoma City-based oil and natural gas company, reported that, on February 19, 2021, Beta Shale, LLC, one of its affiliated com...
United States >>  2/24/2021 - Permex Petroleum Corporation is pleased to announce the purchase of producing royalty interests in (15) horizontal oil and natural gas wells located i...




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.