PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Petrobras CEO meets peers to discuss future partnerships

Wed, 08th Mar 2023 16:16

SAO PAULO, March 8 (Reuters) - The chief executive of Brazilian state-run oil company Petrobras met with executives from other oil majors at the CERAWeek conference in Houston to evaluate potential future partnerships, the firm said on Wednesday.

According to Petrobras, Jean Paul Prates discussed "cooperation in the energy transition and the implementation of new technologies" with executives from BP, Petronas , TotalEnergies and Equinor.

Prates, a former senator appointed by President Luiz Inacio Lula da Silva to head the oil giant, took office in January with expectations he would oversee a strategic shift to more renewable energy projects.

He has said Petroleo Brasileiro SA, as the company is formally known, "must prepare for an

unavoidable energy transition

" and that he wants the company to play a leading role in it.

Earlier this week, the Brazilian firm announced an

agreement with Norway's Equinor

to evaluate development of seven wind projects offshore Brazil, which could cost $70 billion if confirmed in its entirety.

In talks with BP's chief executive Bernard Looney, Petrobras said in a statement on its website, both companies - which partner across five oil blocks in Brazil - signaled their intention to form future partnerships and exchange experiences.

"We will follow up with mutual visits to deepen discussions in the areas of ​​exploration and production and energy transition," Prates said, adding he raised the topic of potential partnerships in bioenergy and hydrogen production.

Petrobras also said Malaysia's Petronas showed interest in the Brazilian peer's production of renewable diesel, while highlighting potential synergies emerging from similarities between their countries.

Energy transition was also at the center of Prates' talks with TotalEnergies Chief Executive Patrick Pouyanne and Equinor CEO Anders Opedal, the firm added. (Reporting by Gabriel Araujo and Marta Nogueira; Editing by Sarah Morland)

Related Shares

More News
16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher followin...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract win...

14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the he...

14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its he...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.