financetom
Business
financetom
/
Business
/
Petrobras scoops up two big lots in Brazil's oil auction
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Petrobras scoops up two big lots in Brazil's oil auction
Jun 26, 2025 7:52 AM

SAO PAULO, June 26 (Reuters) - Petrobras on

Thursday acquired two of the most coveted lots in an oil auction

held by Brazil's state-run PPSA, securing a total of 31.5

million barrels of oil from the Mero field, located in the

country's pre-salt region.

Norways's Equinor ( EQNR ) secured 14 million barrels of

oil from the same field in the auction, while a consortium

between Galp and ExxonMobil ( XOM ) purchased another

14 million barrels.

PPSA is responsible for selling the portion of oil that

companies producing under sharing contracts in pre-salt

oilfields must hand over to the government under Brazilian law.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
High Arctic Energy Services Swings to Q4 Loss on Depreciation Expenses
High Arctic Energy Services Swings to Q4 Loss on Depreciation Expenses
Mar 31, 2025
09:39 AM EDT, 03/31/2025 (MT Newswires) -- High Arctic Energy Services ( HGHAF ) on Monday reported a swing to a fourth-quarter loss but revenue rose. The company reported a net loss of $715,000 or $0.06 per share, compared with a profit of $219,000 or $0.02 per share, in the prior year period. Net loss from continuing operations was due...
Hot Chili Announced PFS For Huasco Water and MOU For Seawater Supply To Costa Fuego; Fell 6.5% To Near 52 Week Lows Friday
Hot Chili Announced PFS For Huasco Water and MOU For Seawater Supply To Costa Fuego; Fell 6.5% To Near 52 Week Lows Friday
Mar 31, 2025
09:27 AM EDT, 03/31/2025 (MT Newswires) -- Hot Chili ( HHLKF ) , which fell 6.5% and nearer to 52 week lows last Friday, on Monday announced the results of a Pre-Feasibility Study for the company's subsidiary Huasco Water, an 80%-owned entity that controls strategic water assets in the Huasco Valley of Chile. Among highlights, HCH cited strong economics for...
Deutsche Bank: Kirsty Roth, Klaus Moosmayer proposed to join supervisory board
Deutsche Bank: Kirsty Roth, Klaus Moosmayer proposed to join supervisory board
Mar 31, 2025
March 31 (Reuters) - Deutsche Bank said on Monday that Kirsty Roth and Klaus Moosmayer have been proposed to join the German bank's supervisory board in a vote at the upcoming annual shareholder meeting on May 22. Roth is chief operations and technology officer at Thomson Reuters ( TRI ) , the owner of Reuters News, while Klaus Moosmayer is...
Velan Closes Sale of French Units for US$208.4 Million
Velan Closes Sale of French Units for US$208.4 Million
Mar 31, 2025
09:28 AM EDT, 03/31/2025 (MT Newswires) -- Velan ( VLNSF ) , a global manufacturer of industrial valves, on Monday closed the sale of its French units, Segault and Velan ( VLNSF ), to Framatome, a nuclear steam supply systems designer. Velan's ( VLNSF ) French units were sold for US$184.1 million, with the benefit of the transfer of an...
Copyright 2023-2026 - www.financetom.com All Rights Reserved