Gulf Oil and Gas accountACCOUNT

Brazil's Petrobras to Start Binding Phase to Sell Africa Unit

Source: Reuters 3/8/2018, Location: Africa

Brazil’s state-controlled oil company Petr?leo Brasileiro SA said on Thursday to start the binding phase in the process to sell 100 percent of subsidiary Petrobras Oil & Gas B.V., according to a securities filing.

The subsidiary, known as Petrobras Africa, participates in two deepwater oil exploration blocks off the coast of Nigeria that contain the Akpo and Agbami producing fields and are operated by Total SA and Chevron Corp respectively.

In this phase, Petrobras will instruct interested investors on how to proceed with due diligence and to present the binding proposals.

Mergers and Acquisitions News in Nigeria >>

Indonesia >>  5/22/2019 - Medco Energi has announced the completion of the acquisition of Ophir Energy in a recommended all cash offer valued at £408.4 million. Ophir’s assets ...
United Kingdom >>  5/21/2019 - Phusion IM has established a significant partnership with global IT solutions specialist, Sword, to deliver services that will empower organizations i...

United States >>  5/21/2019 - With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company and Spectrum have announced that their respective board of directors have...
Japan >>  5/15/2019 - Marubeni Corporation (Marubeni”) hereby announces a merger (hereinafter, “this Merger”) of two Marubeni subsidiaries: Marubeni Wireless Communicatio...

Thailand >>  5/15/2019 - Sparrows Group has selected Thai service and supply company J. S. Technical Services Co., Ltd. (JST) to act as their sole agent in the Kingdom. ...
United Kingdom >>  5/15/2019 - Talon Petroleum Limited (Talon) is pleased to advise that it has completed the acquisition of EnCounter Oil Limited. Accordingly, Talon now holds 100%...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

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